Issue in the Real Estate Sector of Pakistan

Significance of the real estate sector is a well-recognized phenomenon due to its crucial role in the development and growth of a country. The real estate market refers to all transactions carried out to attain rights or access to portions of land and buildings. The main segments of the real estate sector are residential real estate, commercial real estate, and industrial real estate.

The residential sector focuses on buying and selling properties used as homes or for nonprofessional purposes. A well-organized real estate sector facilitates rapid and legitimate transfer and development of land while ensuring that this process is also environmentally sound. Forbes, in the year 2018 has listed the Real Estate Sector as one of the most profitable industries across the globe and Pakistan is no different than the rest of the world. The profitability quoted by Forbes in various fields of the Real Estate Sector ranges from 10.08% to 14.1%.

Also Read: A Comprehensive Study on the Real Estate Sector of Bangladesh