4 types of real estate properties.

 

Real estate properties are of various types in Pakistan and if you want to step into the real estate sector, you need to know all forms and types of real estate, if you have a keen knowledge of these types, then you can easily choose which sort is best for you and which one is the most suitable for you.

Residential properties

It is also called residential real estate and usually, residential properties are used for the same purpose. Houses, apartments, vacant houses, and the corporative house usually fall in this domain. Both newly constructed and previously built houses are dealt with in this. Most people are attached to residential real estate and in cities, it is one of the most lucrative businesses because people are migrating to cities, and demands for housing are increasing day by day. If you deal with residential properties then you should also consider Nova CityPeshawar because, in a few months, there will be a high demand for housing in Nova City  Peshawar Phase 1.

Commercial properties.

Although dealing with commercial properties are comparatively less than residential properties because it is not the requirement of everyone but the profit margin is not less and even in some cases, commercial properties are more profit-oriented than residential ones. Hospitals, restaurants, schools, shopping malls, and other related things are dealt with in commercial real estate. These provide a constant and stable source of income as in commercial properties, the lease duration is quite long. For example, if a school or restaurant land is taken on lease in Nova City Phase 1, the minimum duration of the lease would be approximately 10 years.

Industrial properties.

Industrial properties are used for business purposes and land is acquired for the production of commodities such as solar generation stations, production houses, factories, warehouses, etc. It is also taken as a subdivision of commercial properties. Whatever the function is, the purpose is to generate income through the production of goods. In industrial areas, industrial properties are in high demand and the related agents earn huge profits by dealing with these properties. In the industrial cities of Pakistan, you can deal with such properties and enhance the scope of your business.

Agricultural properties.

Usually, in rural areas, agricultural properties exist. These properties can be used for various purposes like farming, plantation, producing crops, and raising cattle. Agricultural properties have several types like forests, cultivation farms, orchards, etc. Most of the time, these lands are bought and sold for prospects and behind that, there is long-term planning. In Pakistan, these lands are usually bought by expatriates who want to secure their wealth for the future and there are minimum chances of fraud if you buy agricultural land. People can earn money by growing crops, hiring tenants for the same purpose, and can resell the land in times of need. You will have huge returns from these sorts of properties because the price of land always increases and especially the cost of agricultural lands is increasing at a greater pace.

Record Marketing has taken up this opportunity to guide and provide you with the finest information about Nova City Housing Society Peshawar in a bid to ameliorate the standard of living in our country.