Association of Builders and Developers gave invitation of contributive investment with Chinese companies for the deficiency of 1 crore 20 lakh houses. This invitation is given by the association of builders and developers during the Pak China construction conference. The Chairman Arif Yousaf Jeewa said during addressing in a conference that there is a deficiency of 12 million housing units in Pakistan, and to overcome this deficiency amount of 180 billion dollars is required. There are huge opportunities for Chinese companies and investors in Pakistan. The constructive companies of China investing a lot in CPEC project. By importing latest machinery in Pakistan, the economy of Pakistan would increase.
Commercial consoler of China Gao Chen Shi said there is deep friendship between Pakistan and China. China is doing investment in Pakistan for 50 years, Karakoram highway and other projects are its examples. Chines companies wanted to invest in a constructive industry of Pakistan.
CPEC is a trading pull between both countries, which will give more strength to Pak China Friendship.
Chairman of association of chines enterprises Lee Xia Xian said that in 2018 chines companies have done 41 delegations.
The project of CPEC includes Gwadar Port, Construction of roads and investments in industries.
The Growth of Cities in Surroundings:
The constructive department of cities is growing day by day. As the facilities of employment, treatment, education, and amusements are available along with the house. Such apartments are becoming famous in Pakistan where all facilities are available under one roof. Initially, Karachi was famous for such apartments and flats but now Lahore, Multan, Faisalabad, Peshawar, Quetta, are becoming prominent due to such projects.
Prices of property and plots are increasing with the passage of time. And this business is much profitable as prices become 5 times higher in 5 years. People belong to this field have believed that prices of the property increase much faster than the prices of gold. Since food and shelter is human’s basic right and its worth cannot be avoided in any era. 10 year ago the price of plots was in lakhs and now it’s in crores. Especially the lands of Clifton, Defence, PECH Karachi are much valuable. Cities like Karachi, Lahore, Faisalabad, Islamabad, Quetta, Multan, Haiderabad, Mirpur Khas, Sakhar, Nawab-shah, Larkana are mostly full of population. Now the people lived in nearby villages and towns are migrating towards these cities due to which population is increasing day by day. As a result agriculture lands are destroying and with growing industries pollution is also increasing.
Exhibition of Property:
With the start of new century real estates of Pakistan have made themselves more innovative and versatile. Representatives of constructive companies laid the foundation of property Expo in Cities like Karachi, Islamabad, Lahore and United Arab. The sense of investing in properties has increased in Pakistani foreigners. As well as trust in this field increases and contacts get better. The successful events of property Expo in Karachi, Lahore, Dubai, and Abu Dhabi highlighted the struggles of Pakistan’s expert constructors.