The real estate industry in Pakistan is booming more than ever. After decades, the industry has finally gained acknowledgment. With the help of multinational developers, investors, and the government of Pakistan, new housing schemes have been attracting lots of attention.
In the last decade, private developers have come forward to fill the massive void in real estate. They offered modern housing schemes with proper amenities and facilities at different rates with installment payment methods. DHA society in Multan happens to be one of the popular names in real estate. The plot rates may not be economical here, but if a buyer is interested in upgrading their living style, they can benefit from investing in a plot at DHA Multan.
But where such housing schemes have become so appealing than independent living? Keeping this question in mind, we have conjured the factors that play a prominent role in the popularity of housing schemes.
1- Sense of security
Independent living is great. You have the freedom to build your home in the precise location of your choice. But does it offer a high level of security? Perhaps not.
Buyers invest in housing schemes with a major concern of security in mind. Private housing schemes offer security, CCTV cameras, and patrolling at night which makes the investment more sound. If you buy a plot, then there’s no worry of illegal acquisition of the land. You pass through all legal queries with the agent for security assurance.
2- Expensive land in mid-city
Housing societies are like mini towns of their own. They consist of residential and commercial plots. Main zones in the city have reached maximum capacity, because of which housing societies are mostly on the outskirts.
Living in Lake City might actually be more useful than living in Model Town for a city like Lahore. The difference in land prices is the major reason that properties in the city center are the most expensive. For a mid-income household, such land is not affordable.
Housing societies present the opportunity to make a future investment that pays off big numbers.
3- Personal space is a priority
The independent houses are not designed with privacy in mind. In Pakistan, the architecture of such a household is old and outdated. Therefore, a family seeking to maintain their privacy and manage their expenses properly may think of buying a house in housing schemes.
The neighborhoods are pretty friendly, and the buyers can buy a home with ease. People believe that buying a house in a housing scheme also sidelines the hustle and bustle of the city. The societies are less crowded in terms of traffic and offer daily activities and entertainment too.
4- More amenities than ever
Housing schemes have modern infrastructure. They usually offer all the basic amenities that a buyer is looking for during an investment. Some of the basic amenities include water, gas, electricity, a gated community, a proper sewage system, and so on.
Such amenities are a far cry from the unplanned urban development that can be seen in major parts of the city!
With the number of basic and upgraded facilities, a housing scheme offers the demand for properties increases. And let’s not forget that amenities depend on the housing project’s landscape too – which means properly developed areas.
5- No conflicts in ownerships
Within a gated community, once you buy a plot, you become the sole owner of that plot. Outside of housing society, the concern for conflict of ownership is always lurking behind you. The threat of the land mafia can even scare you. In such a case, you fear for the hard-earned investment going down the drain, right?
Under such circumstances, societies offer a sense of security in terms of ownership as well. No one can misuse the plot even if nothing, no construction takes place on it for years. People looking behind ownership conflicts and threats are more than intrigued to invest in housing communities.
Keeping these factors in mind, remember that housing societies have a certain appeal for several buyers who want to plan their future. If you are among those people who are interested in real estate investments, buying a property in a gated community can be your chance for a better future.