Advantages and Disadvantages of Pre-Fabricated Construction

Although pre-fabricated construction has been deployed for centuries around the world, only now it is gaining traction tremendously.

In a nutshell pre-fabricated construction is the practice of manufacturing the components of a structure (such as walls, floors and roofs) at a factory, and the transporting them to the construction site where they are assembled to create a couple structure after the foundation has been built onsite.

In this way pre-fabricated construction distinguishes itself from the more conventional practice of transporting raw materials (such as cement and steel bars) to the construction site where they are mixed with other materials and / or modified.

Pre-fabricated construction is ideal for sites where storage area is limited, due to size of the plot or because of a lack of open space around the construction site , and can be utilized for building houses, hospitals, offices and factories.

The Advantages of pre-fabricated construction include:

• ·       For the most part it is cheaper than traditional construction, as labor costs and construction time are substantially lower.
• ·       Components are manufactured at a factory, so the need for form work shuttering and scaffolding is greatly reduced onsite. This ensures strict quality control and easier manageability.
• ·       Wastage of material is reduced due to better quality of control; pilferage is also reduced as it is more likely to occur at an open construction site.

The disadvantages of pre-fabricated construction include:

• ·       Greater expertise is required to make sure that the components are fixed perfectly; otherwise air leaks can occur inside the structure which can result in a host of issues such as water seepage and increased heat. Similarly heavy duty cranes are required to handle and assemble the components require expertise.
• ·       If building components are manufactured far away from the construction site, transportation costs can sometimes be higher.

Ultimately, pre-fabricated construction is quicker and more cost effective compared to traditional construction. And with rising construction costs, it is something that developer should consider utilizing.

4 Easy Tips for Investing in a Commercial Property

Investing in commercial property is an option that many investors considers from time to time as a way to expand their asset portfolio. Commercial property options for investors usually includes office spaces, retail spaces, stand alone shops and vacant plots.

Here are a few things to consider when purchasing a commercial property:

Location. Owning a retail space in certain commercial areas can net in higher rentals and their value also increases at a higher rate. Choose a commercial area where the value and demand of shop is high; shops located among main roads have more visibility, accessibility and are therefore better options. If possible, purchase a commercial property that is located in a specialized pocket such as tailoring hub, computer market or a food street; demand for property there is usually higher.

Weigh your options carefully. Buying a retail space in a mall is a better option than a standalone shop, since retail spaces in malls offer facilities such as security, utilities and a higher number of customers. Similarly, the resale value and the rental yield of an office space are higher when compared to those of a retail space.

Renovating and Reselling. Retail spaces and standalone shops that are sold as many empty spaces (without any renovation work or fittings) are slightly cheaper than those which have been customized according to the kind of business they were being used for.
Therefore, a good option to consider is purchasing an empty space, renovating it, and then selling it for a higher price or renting it out at higher rate.

Vacant Plots. Purchasing a vacant commercial plot in an area that is being developed usually proves to be a lucrative option in the long run because its value and demand increases faster than that of a built-up property.

The Architect In The Bend

The straight line is simple; it sets a limit, normalizes the extraordinary and registers a purpose. But to Oscar Niemeyer, one of the greatest architects of the 20th century who passed away last week, the straight line was the enemy.

To Niemeyer, the straight line was a man-made invention, utterly rigid and full of constraints. While movements such as the Bauhaus based their design dialogue on right angles and straight lines, Niemayer held them in disregard, saying, "The rule is the worst thing. You just want to break it."
This was despite the fact that Niemeyer was a modernist himself, deeply inspired by peers such as Le Co busier with whom he worked on the remarkably rectangular headquarters of the UN in New York. He was, however, averse to devote himself to a particular style and when asked if form followed function, he would reply, "Form follows beauty."
Niemeyer believed in curves, which he said reminded him of the sensuality of the feminine form on the sun-kissed beaches of his native Brazil. They allowed his designs to break away from the monotony that was dictating modernism and reflect a more optimistic and liberating nature of architecture, often culminating in surprise, as at the Church of Saint Francis of Assisi in Sao Paolo, and delight, as at the Niteroi Contemporary Art Museum in Rio de Janeiro.
Niemeyer's legacy is preserved in Brasilia, Brazil's federal capital, which he was commissioned to build in the 1950s. The largest city that didn't exist before the 20th century, Brasilia is as sensuous as any capital could be, with the great halls of Congress resembling giant demos and cauldrons and low-roofed administrative. buildings revealing subtler bends. There, the Cathedral of Brasilia is considered one of Niemeyer's greatest achievements. Using 16 parabolas to connect a high circular roof in the center with shades of tinted glass, the Cathedral boasts an audacious design and is a reminder of an architect who is one quoted to have said "Of curves is made all the universe".

Ranking Real Estate: Block Avenue

According to microeconomics, the discrepancy between the information available to people who own property and those who wish to buy is a big reason why property values are inefficiently calculated. That information is power is a well known fact but now, thanks to the internet, such information (like power) can be acquired democratically.
The main driver behind this movement in real estate is a website called Block Avenue, which documents and then compares property values across different city neighborhoods. The comparisons are based on feedback (graded A through to F) of how a street or community is doing according to set criteria, including amenities and healthcare facilities available in the neighborhood.
An accurate estimate of the "livability" of a property is easily gathered, as owners (the people with the most information about where they live) are asked to rate their neighborhood.
However, as a critic pointed out, "Why would owners rate their property and location poorly?"
To counter this, Block Avenue allows anyone familiar with a neighborhood to contribute to the rating. It also uses objective data sources such as census reports on crime rates, as well as yellow book listings of businesses and recreational options to grade.
With the help of Google Maps and Street View, Block Avenue makes hunting for real estate incredibly convenient and potential investors can virtually eliminate the need to visit a property before buying it,
Launched earlier this year, Block Avenue touts itself as a service made by the people for the people. Apart from property owners and buyers, Block Avenue is generating interest among researchers working on determining how amenities and other variables impact property prices in a given neighborhood. Currently, the services provided by Block Avenue are available only in the US, but with the amount of interest it is generating, the company expects to expand worldwide in the near future.

What to Look Out for When Purchasing a Home

If you are thinking about buying a house, be it to live in or rent as a long-term investment, here are some things you should look out for to avoid potential financial losses in the future.
Renting instead of buying. Many homeowners opt to move into rented premises because they are unable to find a property to buy that meets their requirements. This is one of the biggest mistakes one can make because paying rent over long periods of time absorbs funds which can go towards buying a property.

Buying a house for its decor. Most would be sellers use home staging and immaculate decor to amplify the perceived value of a house, so do not get carried away by fancy interiors and furniture which may prevent you from discovering some of the property's faults such as bad plumbing and wiring. Focus on the structure and  functionality to determine the real value. And don't forget to have a home inspection survey conducted by a professional.

Not considering resale. When buying a house, don't forget that at some point in the future you may want to sell the property. Therefore, have its projected price appreciation and demand evaluated by a real estate agent to ascertain its future market prospects.

Not reaching your neighborhood. Find out about existing amenities and facilities such as schools, hospitals, parks and restaurants. Gauge the safety of the neighborhood by visiting it at different times of the day and night.

Buying an overly luxurious house. Every buyer dreams of a lavish home with fancy architectural design and features such as fountains and swimming pools. However, it's wiser to buy a home that fits your needs instead of one that fits your dreams because such features require a lot of maintenance.

Leaving a house vacant. If you are buying a property for investment purposes, do not let it remain vacant for more than a few months. Vacant properties are always in danger of illegal possession, theft and damage.

Amenities That Increase Property Value

Most homeowners seek to increase the value of their property by upgrading the exterior and renovating the interior. Although home improvements affect property value, the presence of certain amenities increases its value by an estimated 10 to 15$. Similarly, demand for the property increases by approximately 30%. This is why the presence of the following amenities should be taken into consideration when purchasing residential property.
Curb Appeal. The facades of houses, landscaping and the general cleanliness of a neighborhood contribute to creating the first impression among buyers - favorable or otherwise.
Infrastructure and easy access. Wide, clean streets with good drainage make a big difference. Additionally, a neighborhood should ideally have multiply entry and exit points and be easily accessible through the city's major thoroughfares. At the same time, it should not be too close to streets that have heavy traffic and congestion on a daily basis.
Public Transport. Ease in access to and from bus stops and taxi stands is generally viewed favorably. However, public transport stands that are too close to a property can be perceived as a security concern.
Neighborhood parks. Providing recreation for residents, parks with walking / jogging tracks and play areas for children and definitely an added attraction, especially in suburban neighborhoods where recreational avenues are limited.
Schools, healthcare and other amenities. Neighborhood that have good schools and medical facilities in the vicinity are more expensive that those that don't, as most homeowners are willing to pay a premium to live there. Having a commercial area nearby (but not too close) is an added advantage and also impacts property prices favorably.
The Lifestyle Element. The presence of recreational avenues such as cafes, gyms, malls, restaurants, shopping centers, spas and similar service in the vicinity enhance the neighborhood profile and raise property prices significantly.

The Tallest City In Europe

Born on September 14, 1957, Renzo Piano was always critical of tall buildings, claiming that they were merely an investment in one's ego. This, however, has changed with the architect's redesign of Southwark Towers in London. The Shard, a 1,016 foot tall structure, now stands in its place and is being touted as the tallest building in Europe.
Dresses entirely in 11,000 panes of glass and built on an irregular pyramidal base that tapers through the height of the building's spire, Piano conceived of The Shard as a building that would combine public and private spaces and form an energetic and thriving community.
In his words, "I foresee the tower as a vertical city, for thousands of people to work in and enjoy, and for millions to take to heart in."
True to that vision, the Shard will house a mix of residents: the UK's first Shangri La hotel, 10 apartments, retail space, restaurants, luxury residences and a five-storey public observation deck on the 72nd floor from where visitors can admire views of London from the tallest spot in the city.
The first 28 floors will serve as premium office space, and because the building has been financed by Shariah compliant investments from its Qatari investors, it is unlikely that businesses connected to the alcohol or gambling industries will be granted leases.
Additionally with regards to commercial occupants, the developers, Seller property, have started, "We are being very selective. We don't want one single, overbearing occupant, we want a mix of media, finance companies, etc." Commercial leases are currently going for up to 70 pounds per square foot.
the Shard forms part of a larger complex knows as the London Bridge Quarter which includes a shorter building known as London Bridge Place built next to the tower. Major improvements to the surrounding rail and subway station are underway and the area as expected to include a public pizza, museum and other businesses. If everything goes as planned The Shard may well serve as the herald of London's future.

The Aloof Modernist: Le Corbusier Architecture

Le Corbusier (born Charles-Edouard Jeanneret) was one of the most influential designers and architects of the 20th century. Even 47 years after his death on August 27 1965, he is remembered for his contribution to modern architecture because of designs that portrayed a utopian sense of purpose.
Early in his career, Le Corbusier often traveled around Europe. In Paris, he learned about using concrete and reinforced steel in structures; in Berlin, he was taught about industrial processes and machine design. In the Balkans, he obsessed over Greek Parthenon. These experiences would later form an essential part of his designs.
With peers such as Mies Van Der Rohe, Walter Gropius and even Pablo Picasso, Le Corbusier developed an idea of architecture that was more focused on function rather than form.
In his words, ' decoration always hides a mistake in construction." The construction of the Villa Savoy, on the outskirts of Paris sums up this belief by incorporating his famous 'Five points of Architecture' which deal with elevated housing, continuity of landscape, free floor plans, illumination and the simplicity of the facade. As he detailed in his book, Towards An Architecture, he believed that a house was " a machine for living"
After World War 1, Le Corbusier became involved in dealing with the rise of slums in post-war Europe by building low cost functional communes for large scale housing. The most famous of these is the united Habitation in Marseilles, also known as 'the Radiant City'. It features 237 apartments with facilities for recreation and leisure encased in block shaped and fortress-like facades dominated by strong vertical and horizontal lines (which subsequently gave rise to the form known as brutalism).
In the 1950s, Le Corbusier tested his ideas on an even grander scales when he was commissioned to plan the city of Chndigarh in India. The city is testament to Le Corbusier's belief in large, functional and spacious block structures with facades of buffeted concrete. The Legislative Assembly building (illustrated above) in particular, with its curved roof edge, has become the counter-piece of the city and representative of what Le Corbusier referred to as his "engineer's aesthetic".

Emerging Architectural Trends in Pakistan

Although most architects in Pakistan would concur that a distinct Pakistani design language is yet to emerge on our skylines, a number of trends over the last decade have resulted in the construction of some outstanding structures.
These include:
Global influence. Architecture in Pakistan has taken on a distinctively global flavor in terms of design and functionality. Consequently, an increasing number of commercial high rises and houses new display straight lines, simple facades and clean finishes, using "no-nonsense" materials such concrete, wood and glass.
Sometimes a combination of these materials is used to create facades with large windows or glass curtain walls.
Old world courtyards. There has been a resurgence of old world havelis, in contemporary homes and even commercial spaces, such as restaurants. Courtyards create private outdoor areas that are centrally located within the structure. They can be used as relaxing sanctuaries or recreational spaces. Special attention is paid to details such as flooring, finishes an landscaping; plants (such as bamboos) are used to create partitions within the courtyard, or a backdrop for water features. Wooden pergolas (usually made of mahogany or teak) are used as accents.
East meets west. While there is a movement towards contemporary architectural elements are deployed equally frequently. For example, sinus-detailed screens, known as jafri, can be seen in many commercial projects against modern backdrops of glass, wood or steel. Regional materials such as reddish terracotta tiles (which are earthy and reminiscent of colonial flooring) and traditional fabrics and textiles are equally visible and serve as edgy design details.
Going green. Green architecture is gaining traction; some solutions to ensure that a structure is environmentally friendly include the appropriation of open spaces for adequate wind flow to allow cross ventilation, roof insulation to keep the interiors cool, the addition of water bodies to create cool spaces and an emphasis on foliage to provide shade. Rainwater harvesting systems are being used in order to facilitate the collection, conservation, and recycling of water.

The Apartment Design Checklist

An increasing number of people are opting to live in apartments because compared to independent houses, they are relatively easier to maintain and are more secure.
However, there are a few factors to keep in mind when choosing an apartment with regard to structure and design, especially if you intend to sell it a later stage. Good infrastructure for the entire complex and a well planned architectural layout increases value, while substandard construction, poor architectural design and finish decrease the value by five to 15%
Here are a few things to look out for when purchasing an apartment:

• Facades should be completed using high quality material such as stone or brick. Not only are these materials aesthetically pleasing, they require less maintenance.
• Parking space much be allocated to each apartment within the complex; parking space should ideally be covered. There should also be provisions to accommodate additional cars for guests.
• Separate entry and exit gates should be in place to manage traffic flow and keep the complex uncongested.
• Avoid apartment complexes built parallel to each other; this will compromise your privacy. Opt for complexes built in a circular or oval shape; they provide more privacy.
• Staircases should face the east to allow maximum sunlight; they should be at least three feet wide, separate service/ emergency staircases are ideal
• Windows, especially those in bathrooms and kitchens, should allow maximum sunlight and ventilation.
• Balconies and terraces should be strategically positioned; large balconies near living areas can extend entertainment space, while those near the kitchen can be used as laundry space or for growing plants.
• Interior spaces should provide space saving, built-in-storage space
• Fixtures and fittings should of good quality.

Real Estate Blockbusters

With the summer here, people across the world are thronging to movie theaters to escape the heart, and of course, enjoy the blockbusters that are playing, which recently included the superhero epic, The Avengers, that grossed more than a billion dollars worldwide and drew in the crowds in Pakistan as well. And with the forthcoming superhero films, namely the Spider-Man reboot and The Dark Knight Rises, the chances are that people will continue heading to the cinemas in full force.
Consequently, the number of beverage and refreshment outlets within cinema lobbies has increased. These spaces continue to be in high demand, primarily because there's nothing better than watching an action packed movie armed with a bag of popcorn pr a generous serving of nachos and cheese.
Here is a detailed look at outlets located on cinema premises:

• Every theater/multiplex usually has about five to 10 refreshment outlets; these are owned by the cinema and are available for rent by vendors.
• The covered area of outlets ranges between 15 and 64 square feet.
• Rental rates range between Rs. 2,500 and 3,000 per square foot. This rate is 10 to 20% higher than rates for similar spaces in malls and commercial areas.
• Most rental contracts are signed for periods ranging between one and three years and are subject to renewal thereafter. Two to three months' rent is usually required as a security deposit.
• Maintenance and security are usually part of monthly rental; facilities include provision of water, gas and electricity.
• Until recently, most cinema outlets only sold snacks and beverages. However, with the cinema going culture picking up, these outlets are now being rented for diverse businesses; an increasing number of movie souvenirs/merchandise stalls are cropping up while other vendors are capitalizing on the young clientele and have set up gaming arcades.

Renowned Beckingham Palace of David and Victoria Beckham is on the Market

Rowneybury House, better known as Beckingham Palace is currently owned by football's first couple, David and Victoria Beckham. The glamorous couple however are permanently moving to Los Angles and have decided to sell their sprawling, English country home which is now on the market for an estimated 18 million pounds.

Beckingham Palacae is located in the quiet, rural town of Sawbridgeworth, Hertfordshire. Recent property and lifestyle surveys have shown that Hertfordshire in general, and Sawbridgeworth in particular, is one of the top 10 most desirable locations to live in while commuting to work in London. Sawbridgeworth has a population of about 9,000 and is approximately an hour's drive away from London.
The house is a 1930s Georgian style mansion built on an expansive 22-acre estate. The property is listed as a Grade II building in the UK (It is considered part of Britain's cultural heritage and is thus protected from reconstruction or demolition ); it was previously a council-owned children's home.
The Beckhams acquired the seven-bedroom mansion in 1999 for the sum of 2.5 million pounds and carried out extensive and expensive additions and renovations amounting to an estimated 18 million pounds. The amount spent on renovations considerably exceeds the current market value of the property.
In addition to seven bedrooms, lavish entertainment areas, state-of-the-art kitchens and beautifully manicured gardens, the house has a snooker room, a recording studio and gym. Beckingham Palace also boasts indoor and outdoor swimming pools, a golf course, flood-lit tennis courts, a helipad, three gazebos, and a petting zoo for children.
The latest news is that reality show star Kim Kardashian has her eye on the property which she plans to use when her family is in the UK.Rumor also has it that she will rent out the house to David and Victoria fans while she is away.

Real Estate Investment in Basement Businesses

Basements are gaining traction in Pakistan as a best real estate investment. Basement are as commercial and retail spaces, and a as a result, they are no longer dingy areas without adequate ventilation or lighting. In fact, many new real estate developments, large and small, include pleasant, well ventilated, adequately lit basements with easily accessible entrances ad emergency exits.
The reason for this is that many commercial areas prohibit construction above a prescribed height, and in such cases, basements provide extra floor space, which means higher property value and rental yield for landlords amounting to approximately 10-15% more compared to buildings without basements. Furthermore, because basements are available at lower rental rates than ground level shops, they make better financial sense for small businesses.
Basements in Pakistan are usually used in two ways:
1. Parking or storage spaces in large and mid sized commercial buildings. Although parking space can be found in the basements of high-end shopping malls, retail businesses, restaurants/cafes and bakeries in mid-sized buildings usually rent or purchase ground-level shops that have an attached basement to use as storage space or kitchens.
2. Commercial/retail spaces in smaller buildings. An array of businesses are now housed in basements, small offices, clinics, salons, gyms, and even tuition centers are operating out of well designed basements in smaller, newer buildings.
Covered area of basements include: 80, 120, 160, 200, 300, 500, 600, 800  and 1,000 square feet.
The pricing structure (in rupees per square foot) for commercial/retail spaces is as follows:

City                               Purchase Price                  Monthly Rental
Karachi                             4,400-13,500                  17-18
Lahore                              5,120-13,700                   19-79
Islamabad                         5,600-14,400                    20-80

Real Estate Investment in Quetta with just Rs. 10 Million

Surrounded by mountains, Quetta was once knows as "Lille London" due to it's cooler climes. Although Quetta isn't as idyllic as it once was, demand for real estate there is high, primarily due to the influx of migrants from neighboring areas, and it was considered to be the best place for real estate investment.

Here is a look at houses in upscale and well-maintained residential areas in Quetta that can be purchased for Rs. 10 million or less:
1. Cantonment was established in the late 1800s, during the British occupation. It is located on the outskirts of the city. Several recreational venues have a presence there (including the Quetta Club, several sports grounds and a shooting range), as do Command and Staff College, FG Federal College, Chiltan Market and Serena Hotel
Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-3.4 million
125                                                    4-4.5 million
250                                                    7-10 million

2. Chaman Housing Scheme was established in 1979. It is located six miles from the city center. Home primarily to foreign dignitaries, it has modern houses and a good infrastructure. The International Committee of the Red Cross (ICRC) is located there.
Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-4 million
125                                                    4.4-6 million
250                                                    9-10 million

3. Emaan City is one of Quetta's newest developments. Located near the PAF base, this gated community has good infrastructure in addition to a commercial market, park and an independent water supply.


Plot Size (sq yds)                            Purchase Price (Rs)
120                                                    2.5-3 million
140                                                    2.5-3.2 million
240                                                    3-5 million
267                                                    3.5-5.5 million

4. Satellite Town was established in the 1970s. It is located near Munni Market, one of the Quetta's prominent markets and Sariab Road, a popular commercial hub. Educational institutions in Satellite Town include the University of Balochistan.

Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-4 million
125                                                    4.5-6 million
250                                                    7.5-10 million

There are golden Rea Estate Investment opportunities in Quetta, and it is strongly recommended to invest in Quetta if one is looking for good IRR. 

A House For Mother: Best Real Estate Investment in Post Modernist Approach

Out of all the movements in architecture, the post modernist movement specially in real estate investment could arguably, be the most exciting. And on Mother's Day, it is appropriate to mention the Vanna Venturi House, designed by the renowned architect Robert Venturi for his mother, in the 1960s. The house is now considered to be the symbol of post modernist architecture.
At the time , the most pervasive form of architecture was modernist - a product of industrialization, governed by rigid and structured rules such as strictly functional columns and block-shaped building.
Venturi was critical of these rigid rules, going so far as to mock the "less is bore" modernist maxim (coined by Mies Van Der Rohe), by saying "less is bore". It was a rebellion he detailed in his book, Complexity and Contradiction in Architecture.
The Vanna Venturi House was an attempt to defeat modernism's idea that the scale of a house reflects its size. Venturi's design manipulated that the sight lines by guiding them along a would-be chimney and stretching the front facade of the house horizontally. What resulted was a house that looked bigger than it actually was, causing it to become known as "The biggest small building of the second half of the 20th century."
Post modernist architecture has also enjoyed fame in our part of the world and architects continue to experiment with the concept. For example, the 27-storey Antila Tower in Mumbai, India, considered the world's most expensive residence, looks like a house made by Ikea with its vertical, open box design. In Pakistan too, the design for the Centaurus Tower carries elements of deconstructivist design - an idea which comes from the 'anything goes' attitude of post-modernism.
Evidence for the acceptance of post-modernism in the Subcontinent can also be seen in growing number of architects working on projects such as Rashid Latif Medical College, as well as the many new houses that carry elements of post-modernist architecture.
As a concept which stems from the rebellion against what is traditional, the emergence of post modernist architecture in the Subcontinent might be a sign of the coming times.

Best Real Estate Investment in the Summer Holiday's

As the summer sets in, the demand for holiday homes across world wide increases. According to real estate investment experts, three categories of homes are gaining traction around the globe: chalets, farmhouses and seaside bungalows (beach huts). Chalets and farmhouses can be found in different parts of the world, while huts are only available along the coastlines, primarily in Karachi, Gawadar and Ormara. They can be purchased or rented, and are available furnished or unfurnished. Without any doubt these could be best real estate investment in the upcoming summer season.
1. Chalets are usually located within city limits, on the scenic grounds of well as a kitchenette can can accommodate between two and four people. Facilities include private swimming pools and jacuzzi. Plot Sizes: 100-250 sq yds. Purchase price: Rs. 405-13 million (Karachi); Rs 4.4-12 million (Lahore); 5-15 million (Islamabad); Daily Rental: Rs 1,500-20,000 (Karachi); Rs. 2,500-17,000 (Lahore); 2,000-30,000 (Islamabad).
2. Farmhouses are usually located on city outskirts and are built on large plots. They generally comprise four to six bedrooms, bathrooms and a kitchen. They can accommodate between eight and 10 people. Modern farmhouses provide facilities such as cable TV, Internet access, and swimming pools. Farmhouses communities also offer nature-based recreational activities such as hiking, horse riding and fruit picking. Plot Sizes: 1,000-10,000 sq yds. Purchase Price: Rs 4-75 million (Karachi); Rs 5-100 million (Lahore); 7-80 million (Islamabad). Daily Rental: Rs 4,200-30,000 (Karachi); Rs 4,000-37,000 (Lahore); Rs 3,500-32,000 (Islamabad).
3. Beach Huts are located along the coast and range from basic 'huts' built on small plots on buy public beaches to luxurious villas located on comparatively secluded beaches. Luxury beach huts can usually accommodate up to 10 people and comprise up to four bedrooms and bathrooms, swimming pools and kitchen. Plot Sizes: 180-245 sq yds. Purchase price: Rs 2.5-9 million (Karachi). Daily Rental: Rs 1,000-30,000 (Karachi).
These were some of the best real estate investment tips in the upcoming summer season of around the globe.

Buying and Selling Real Estate at the same time

Selling an existing property and buying another one immediately afterwards involves a few inevitable risk factors, especially if funds are limited. A major concern for most homeowners who are doing this real estate investment, this is whether or not they will be able to find the right property ti buy immediately after selling the one they are residing in.
Here are few tips to making the process of real estate investment easier:
1. Sell first and then buy. Put all your energy and resources towards selling your existing property first; getting the right price can take months of negotiation. As soon as you have a couple of offers from potential buyers, start searching for a new property. Don't be procrastinate, because time is money when the property market is in flux.
2. Add the following points to the sales deed after your existing property has been sold:

• A grace period that allows you to stay in your current property for at least three to six months before you have to hand over the property.
• Agree on a payment schedule which allows you to receive 98% of the payment at least 10 days prior to the handover. This will give you the funds to purchase the new property and in this way you things will be easier for you in doing real estate investment.

3. Prepare to rent. If you can't find the right property to buy during the specified grace period, be prepared to live in a rental property. This is better then rushing into a deal. You can even ask your buyer if he/she will allow you to rent the current property for a few months.
4. Be Prepared. The new property that you buy may require renovations. In this case, ask the seller for permission to begin renovations before the full payment is made. In most cases this requires a 25% down payment.

Best Real Estate Investment opportunity in Lahore, Pakistan

Over the last decade, the trend of upscale, gated residential communities has emerged in Lahore, Pakistan. Some of which are comparable to international projects in terms of planning, infrastructure and real estate investment opportunities as well as the amenities they provide.
Khayaban-e-Amin is one such project attracting real estate investment from across Pakistan primarily due to the fact that it is envisioned to be an upscale, well planned and secure neighborhood.
It is located opposite Valencia Town, a posh and well-known residential area, on Defence Road, minutes from Shaukat Khanum Hospital and Thokar Niaz Baig. Spread over approximately, 1,400 acres, Khayaba-e-Amin comprises 16 blocks.
Although it was established in 2005, so far only two block (E and G) have been completed. Two blocks are under development: Block L and a block which will only cater to Pakistanis living overseas.
Development work on these two blocks is expected to be completed within two years. Pre-constructed houses (built on plots measuring 125, 250 and 500 square yards) as well as vacant plots are available.
Proposed amenities include a small commercial area, community center, hospital, mosque, several parks, school, internal shuttle service, round-the-clock security in the form of manned gates and surveillance cameras and an independent water filter plant.
The pricing structure (in rupees) of property in Khayaban-e-Amin is as follows:
Plot Size                                 Purchase price range
125 sq yds                                   1-1.2 million
250 sq yds                                   1.8-1.9 million
500 sq yds                                    2.8-3 million

Houses Size                           Purchase price range
125 sq yds                                   2.3-3.5 million
250 sq yds                                   5.6-6 million
500 sq yds                                    8-8.5 million
                           

How you can do real estate investment for less than Rs. 10 million in Peshawar, Pakistan

Peshawar is one of the oldest cities in Asia and has been the political and commercial hub of Khyber Pakhtunkhwa for decades. Peshawar could be the best place for real estate investment as it is the most developed urban center in the province, Peshawar attracts a large population comprising migrants from the surrounding rural and semi-rural areas. This has resulted in increased demand for residential property.
Here is a look at residential areas in Peshawar where houses you can do real estate investment for less than Rs. 10 million
Askari and Falcon Societies: Developed by Army Welfare Trust, these small residential societies are located near the Peshawar Airport. Although they do not have a lot of commercial activity, they are popular because they are extremely secure.

Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         5.7-6.8 million
175                                                         6.8-8.3 million
250                                                         8.4-10 million

Cantonment: Located in proximity to Peshawar Airport, Cantonment is an upmarket area and best for real estate investment. It is along with Saddar, Peshawar's busy commercial zone, three historical Mughal gardens are located there, as well as Deans Trade Center, Edward's College, the Governor's House and Peshawar Museum.

Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         6.9-8 million
175                                                         8.5-9.5 million

Hayatabad: An upmarket residential neighborhood, Hayatabad was established in the 1970s by the Peshawar Development Authority, without any doubt an ideal place for real estate investment. Several prestigious educational institutions, parks, a community center and a sports complex are located there as well as numerous banks and government institutions such as FIA, NAB, NADRA and the Passport Office.



Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         5.9-7 million
175                                                         7-9 million
250                                                         8.6-10 million

University Town: University town is another perfect site for real estate investment. It is located about five kilometers from the city center, this is a rapidly developing area. Several international aid agencies, foreign consulates and guesthouses are located there as well a some of Peshawar's best educational institutions.


Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         6.5-7.8 million
175                                                         8.2-9.3 million
250                                                         9-13 million

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:

Karachi
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

Lahore
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