Sunday, April 1, 2012

The Townhouse Trend in Real Estate Investing

Historically, townhouse trend in real estate investment were the urban residences of the European aristocracy; they were 'simpler' houses, which were not as lavish as their country real estates and were usually located in the urban centers.
In Pakistan, modern townhouses are usually double storey, semi-detached houses within a shared compound. They have become a popular real estate investment, because while they are independent homes, comprising three to five bedrooms, they offer security and ease of maintenance.
Like apartment complexes, townhouse compounds are also managed by the homeowners' associations that take care of water, sewerage and security issues.
Townhouses are gaining traction in Pakistan, especially among the buyers who have smaller budgets but prefer to live on a house within a gated community.
Here is a look at the availability of townhouses in Pakistan and their prices:

Townhouses are primarily located in Civil Lines, Clifton, Gulistan-e-Jauhar, Gulshan-e-Iqbal and PECHS.
Plot Size (Sq Yds)                           Purchase price range
120                                                    100-150 million
140                                                    135-170 million
180                                                    150-200 million
240                                                    180-280 million
300                                                     220-320 million

Townhouses living is catching on in Lahore due to the establishment of several new housing developments, most of which are in Gulberg..
Plot Size (Sq Yds)                           Purchase price range
125                                                    60-120 million
270                                                    105-140 million
500                                                    150-200 million

Islamabad and Rawalpindi
Bahria Town is one of the other townhouse schemes. It has projects in Islamabad and Rawalpindi, which are set against a suburban landscape with greenery and good infrastructure.
Plot Size (Sq Yds)                           Purchase price range
125                                                    55-90 million
250                                                    70-100 million
300                                                    120-150 million