After growing 7.1% in 2020, Pakistan’s real estate industry is projected to expand by 5.3% in 2022, marking a positive trend compared to an earlier forecast of 3% growth, reported Researchandmarket.com.
The published report accredited the growth of the industry to investment real estate projects, and increased industrial production. Development projects worth Rs1 trillion (US$6.1 billion) were approved till July 2021 by the federal and provincial governments – as reported by the Ministry of Information and Broadcasting, and revealed by the report.
Promotion of investment by the Lahore Development Authority (LDA) and Capital Authority (CDA) resulted in the public Gross Fixed Capital Formation (GFCF) marking a growth rate of 18 percent in financial year (FY) 2021 (July 2020-June 2021). The overall GFCF recorded an increase of 13.8% in FY2021 due to the increased activity by Pakistan Civil Aviation Authority, National Highway Authority, Port Qasim Authority, and the National Logistics Cell (NLC).
The report also highlighted the positive impact of the government’s amnesty scheme subsidies to promote the industry, resulting in a growth rate of 84% in housing and construction finance in FY2021.
Moreover, the industry is expected to mark an upward trend due to the government’s allocation of Rs34.6 billion (US$212.7 million) for housing and construction sector, out of the Rs8.48 trillion (US$52.1 billion) in the Federal Budget for FY2021-2022.
Projects under the China-Pakistan Economic Corridor (CPEC) infrastructure projects are further expected to boost the industry’s growth rate by 5.1% per year between 2022 and 2025. As well as construction activities in transportation, electricity, housing, telecommunications, and manufacturing will also stimulate economic growth.
From 2023 to 2028-2029, the government plans to build ten megaprojects in the water and hydropower sectors to increase the share of water and hydropower in the National Grid. The government is also establishing Special Economic Zones in order to encourage industrialisation. Furthermore, the government intends to construct five million housing units between 2019-2023 to alleviate the housing crisis.
For nes and blogs, visit Graana.com.
ISLAMABAD: The Capital Development Authority (CDA) and the Asian Development Bank (ADB) have entered into…
Islamabad: The Capital Development Authority (CDA) has announced plans to issue possession letters to allottees…
Islamabad, [24 March 2025] – Graana.com, Pakistan's leading online real estate marketplace, is proud to…
Islamabad, Pakistan – March 2025: Graana.com, Pakistan’s leading real estate platform, has proudly partnered with…
KARACHI: Sindh Local Government Minister Saeed Ghani chaired a meeting on Monday to review measures…
ISLAMABAD: The Capital Development Authority (CDA) has unveiled plans to develop a modern food street…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
