Get Hotel Retail Space: Business Retail Space For Lease

Business retail space in hotel complexes are a popular choice for brands due to their location and ambiance. In addition, they enjoy the benefit of a customer base made up of high net worth hotel guests, which include foreigner dignitaries, delegates and tourists and even celebrities.
In Pakistan, until a decade ago such retail spaces for lease were coveted by the most exclusive brands, but today due to the security situation, hotel occupancy rates (and thus customers) have declined, while together security measures have discouraged local visitors. However, despite the lower turnover, these spaces remain popular and most leading hotels in Pakistan maintain an occupancy rate that exceeds 70%. Tenants also find it a hassle-free arrangement because maintenance issues are usually the hotel management's responsibility.
Here is a detailed look:

• Hotel complexes have a limited number of shops, ranging between five and 30; they are usually not open for sale and can be rented.
• Shop sizes vary between 75 and 250 square feet.
• Larger hotels have dedicated shopping arcades within the complex, thus the size of these shops can be customized according to the tenant's requirements.
• Rental contracts are usually valid for a period ranging between one and three years.
• Average monthly rental rates range between 100 and 250 per square feet. A six-month advance and a security deposit are required in most cases.
• Most rental contracts include maintenance and security as part of the package, at no extra cost, while electricity bills are the tenant's responsibility.
• Apart from top-end brands, other businesses located within hotels include handicraft and souvenir stores, fine carpet and rug merchants, florists, patisseries, bookshops, Jewelery, designers, beauty saloons, pharmacies and general stores.

International Real Estate: Escapes from the Mayan Prediction

Until recently, the Mayan Calendar's dire prediction that the world would end in December 2012 had affected only the paranoid and the easily spooked. However, the international real estate industry has crashed in on this hype and is taking the term "safe investment" to a new level altogether.

A number of international real estate developers are constructing hideouts aimed at investors who would like to attempt to ride out the impending global destruction. These "survival condos" are designed to be self-sustaining and completely cut off from the outside world. Similar to the hideouts from famous fiction such as War of the Worlds, these high-end condominiums are almost always subterranean and are becoming increasingly luxurious.
Here are few options to consider for international real estate, if you believe in the Mayan predictions and want to beat the end of the world:

• Survival Condos, Kansas, USA: An old Atlas "F" nuclear missile silo is upgraded with luxurious fittings and fixtures, such as granite counter-tops and expensive flooring. These condos cover half a floor of the silo and come complete with a home theater and five years worth of food reserves -  for a cool two million dollars. A key feature are the virtual windows, which give international real estate homeowners the option of customizing the view; for example, an underwater scene.
• 20th Century Castles, Ohio, USA: A decommissioned missile site is subjected to an extreme makeover and transformed into a secure luxury residence. Every apartment is accessed via an elevator and has a personal gym, swimming pool and Jacuzzi. The blast proof doors are L-shaped hallways will help keep Armageddon out at a mere cost of only $ 1.5 million.
• Private Fallout Shelter, Devon, UK: Touted as Britain's strongest privately owned bomb shelter, this complex with its 32-inch thick, steel reinforced walls, will withstand a one megaton nuclear blast. For pound 350,000 you get six bunk beds, a Swiss-made ventilation system, plywood lined walls, a diesel generator, and for entertainment, a few board games.

Footnote: Ironically, the mythical Mayan city if Xibalba, or "City of Fear" also lay underground.

What five to ten million rupees will get you in Hyderabad:Real Estate Investing

The second largest city of Sindh, Hyderabad stands at a significant geographical, economic and cultural junction. It is no doubt a best place for investment in Pakistan. A developed urban center in its own right, Hyderabad has several universities, the institute of Sindhology and Asia's longest bazaar, the Shahi Bazaar, and a real estate market experiencing renewed activity.

Here is a look at residential areas in Hyderabad priced between five and 10 million rupees, which are attracting investment in Pakistan:
1. Cantonment is located in proximity to some of Hyderabad's well-known residential areas such as Latifabad and Qasimabad, and is a few minutes away from Hyderabad Railway Station. Easily accessible from Hyderabad's major arteries, this well-maintained residential district is undoubtedly Hyderabad's most upscale; there are several recreational facilities in the vicinity as well as shopping options. The famous Bombay Bakery is also located there.
Plot Size (sq yds)          Purchase Price range (Rs)
250                                  9.8-10 million
325                                  9.9-10 million

2. Latifabad is one of the Hyderabad's largest residential areas. It is a well planned suburb divided into 12 units. Each unit includes a hospital, educational institutes and commercial area. Latifabad Units 7 and 8 are famous for Anarkali Bazaar and Siddiqui Centre, a popular shopping plaza. An upscale residential area, it is considered to be one of the best in the city, and it is a best opportunity for investment in Pakistan.
Plot Size (sq yds)          Purchase Price (Rs)
150                                 5-6.5 million
200                                 6-6.7 million
250                                 7.5-7.9 million
300                                 7.7-8.2 million

3. Qasimabad is located adjacent to Cantonment and Government Officers Residences (GOR), and is easily accessible via the NS Motorway, Thandi Sarak and Wadhu Wah. It is a middle-class residential area and comprises several prominent societies inculding Anwar Villas, CItizen COlony, Faraz Villas, Gulistan-e-Sajjad, Nasim Nagar and Waqar Town. Qaismabad has several reputable educational institutes, hospitals and recreational avenues.

Plot Size (sq yds)           Purchase Price Range (Rs)
125                                 5-5.5 million
225                                 6-6.7 million
300                                 6.8-7.6 million
400                                 7-8.5 million

Here lies best opportunity for any investor to investment in Pakistan.

What is Property Insurance: Limitations & Benefits of Property Insurance: Mortgage Property Insurance

Whether your property is residential or commercial it should be property mortgage insured to provide financial protection against damages. Insurance companies charge an annual premium after evaluating the building's value and risk exposure by conducting a pre-insurance survey.
There are two main types of mortgage property insurance available:

1.Buildings and fittings (including electrical, plumbing, glass and wooden fittings).
This usually covers the damages/losses to the property caused by:

• Fires or explosions.
• Natural disasters (earthquakes and atmospheric disturbances such as storms, flooding and lightning strikes, etc)
• Plumbing or electrical problems (burst water pipes, short circuits, etc)
• Property damage (due to malicious acts, riots, strikes, car/aircraft crashes etc) 

Limitations: Properties are not insurable against damages/losses due to illegal possession. Additionally, some insurance companies provide conditional or no coverage for buildings located in earthquake zones and/or storm-susceptible areas.
Annual Insurance Premium (fee charged by the company) is usually 0.18-1% of the building's estimated value.
2. Building and fittings plus contents: Along with the structure and fittings, this also covers specified contents within the building including crockery, cutlery, furniture and fixtures, as well as valuables such as jewelery, paintings, antiques, electronics and home/office appliance etc. The home/office owner is required to provide the insurance company with a list of all the building's contents and their estimated value, based on which the insurance company proposes a premium.
Limitations: Electronic items such as laptops, cell phones and gadgets etc. can be insured, but damage/loss occurring to them outside the premises is not covered. Jewelery and cash must be specifically declared along with their value. In some cases, instead of inuring of property mortgage insurance the full value of expensive jewelery, the insurance company may decide to insure only a percentage of the stated value.
Annual Insurance Premium is 1-2% of the total value of building fittings and contents.

A city by The Sea: Commercial City

Dolmen City is an up and coming commercial projects in Karachi and is attracting investment from across Pakistan. One of the first commercial complexes to open on the Clifton coastline, Dolmen City is located in proximity to upscale restaurants, art galleries, exclusive schools and some of Karachi's largest public parks.

The Harbour Front and Executive tower have been functioning for quite some time and primarily comprise outlets serving as office spaces, where several national and multinational companies have a presence. A shopping mall has opened recent;ly.
Currently, Dolmen city comprises:
1. The Harbour Front comprises 19 floors, each with a covered area of 14,500 square feet. The harbor Front provides faculties including security, fire alarms, a sprinkler system, a centralist mail room and cargo delivery area, as well as car parking. The occupancy rate stands at 60%.
2. The Executive Tower comprises 17 floors, each with a covered area of 11,700 square feet. Facilities include reserved ca parking. The occupancy rate is 85%.
3. The Mall: With a floor of 1,000,000 square feet outlets. Currently, the Mall's main attraction is the presence of an international hypermarket chain. Plans are underway for a food court, restaurants, coffee shops and recreational facilities. Facilities include basement and ground level parking, as well as security.

What Five to 10 Million Rupees will get you in Karachi

Karachi is Pakistan's largest city, the financial capital and busiest seaport. The city has thriving commercial districts, fashionable markets and plenty of entertainment.
Residential real estate option start at the coastline and stretch across the city.
Here is a look at residential areas in Karachi prices between five and 10 million rupees, which are attracting investment from across Pakistan:
1. Defence is an upscale area which lavish homes, verdant parks, prestigious schools and upmarket commercial areas with plenty of shopping and fine dinning options. An expensive area, only plot in Difference Phases VIII and VIII Extension, and houses in Phase II are available in the five to 10 million price range.

Defence Phase II
House (sq yds)                                                       Purchase Price (Rs)
100                                                                            9-10 million

Defence Phases VIII and VIII Extension
Plots (sq yds)                                                       Purchase Price (Rs)
300                                                                         5-5.5 million
500                                                                         7.5-8 million
666                                                                         9-9.5 million

2. Gulshan-e-Iqbal is a microcosm unto itself, with several prominent landmarks including the Civic Centre, the Expo Centre and Karachi University, Gulshan has plenty of educational institutions, hospitals, as well as shopping and dining options.
Houses (sq yds)                                                  Purchase Price (Rs)
120                                                                        6-7.5 million
200                                                                        6.5-7.5 million

3. North Nazimabad was an elite neighborhood in the early 1950. Although this is no longer the case, the area is still very well regarded and has numerous malls, shopping markets, restaurants, hospitals, educational institutions, parks and marriage halls.
Houses (sq yds)                                                 Purchase Price (Rs)
120                                                                        4-4.5 million
200                                                                        6.5-7.5 million
400                                                                        8.5-10 million

4. PECHS (Pakistan Employees Cooperative Housing Society) is spread over six blocks, offer good shopping and dining options and is ideally located in proximity to shopping hubs such as Tariq Road and Bahadurabad. It is easily accessible from Shahrah-e-Faisal.
Houses (sq yds)                                                 Purchase Price (Rs)
200                                                                       8.5-10 million

Property Rentals on the Rise: Pakistan Property

Over the last two years, property prices have increased property prices have increased by 10 to 30%, while interest rates on home loans have increased by five percent. These two factors have inhibited residential sale and purchase in property Pakistan prices. As a result, demanded for rental properties has increased by 15 to 20% in the last two years and rents have increased by 30 to 35%. Although the annual rental rate of a property stood at three to five percent of the property's value two years ago, it now stands anywhere between four and seven percent.
If you are purchasing residential property Pakistan with the express purpose of renting it out, keep the following in mind: 

Houses 

• Select small to medium sized properties (200 to 500 square yards) in popular, secure residential areas because they are in higher demand, as a re properties located on main roads. 
• Look out for houses that can be divided into portions for higher rental yields.
• Choose houses that are well-maintained; you will be able to ask for a higher rent.

Apartments

• Apartments in complexes that are located on a corner plot facing a main road are preferable and yield higher rentals, as do apartments located on the first floor or second floor.
• Apartments in well-maintained and smaller complexes (with 25 to 50 units), usually have higher rentals compared to larger complexes (with 100 to 200 units)
• Although premium four-bedroom units may get you higher rentals, they are within the reach of many pockets; you are better off with a standard two- or three-bedroom apartment in a well maintained complex.
• Facilities including UPS', generators, overhead water storage tanks and windows grills are an added advantage.