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  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 Phas...

  The importance of sports and recreational activities cannot be overlooked in modern life and they are deemed indispensable for a healthy lifestyle. They are not only mandatory for kids and youth but people of old age too need to be active, energetic, and healthy and these recreational activities help them to be. It is also narrated that a sound mind lives in a sound body and sports also slow down the aging process and keep us healthy and enthusiastic. Life is not all about study, work, or job but enjoyment, living a luxurious life, having fun with our beloved ones, and making the moments memorable are the things that make or complete our life. So, we cannot or should not ignore the importance of activities that bring happiness to our lives and make us feel that we are living our lives not passing it. The elements or sense of living life come from things that make us happy, sports and recreational activities are among those. It is sad to say that most people in our country hav...

  The economic health of a country has a huge impact on the growth and progress of the real estate sector. If the economy of a country shows positive trends, then it means the populace of the country is wealthy and will have a great interest in investment. So, they will likely invest in the real estate sector because of high returns on investment, and the real estate sector domains will increase. On the flip side, if the economy of a country shows a negative trend then it means the masses’ condition is not well and they will only struggle for their survival and will not have any business propensities. The economic health of a country can be measured through its GDP, Per Capita Income, Balance of payment, etc. Further, the government’s policies, subsidies, and interest rates on loans also impact the economy. The above-mentioned factors help us identify the economic position of a country. Before proceeding, we need to understand what these factors are.   GDP stands for Gross d...

  It is noticeable that some people have to live in a rental house but most people still prefer to own a house instead of living in a rental apartment. Owning a house is a pride in itself and you will have psychological satisfaction if you have your house. Further, people work hard to realize their dream of having their own houses. Following are the 5 reasons for owning instead of renting. A sense of achievement. In our countries, many people do not have their own house and cannot afford to have one. So, the ownership of a house is not available to everyone. So, it is considered a luxury and for which everyone aspires and works hard. In addition, if we ask people about their dreams, having a house would be the dream of many and it also earns you respect in your society. To achieve this dream and prevailed in psychological satisfaction, people go for ownership then renting a house. For example, if you own a house or a flat in Nova City Peshawar , you will have satisfaction as...

  If you want to grow your wealth, then investment is one of the best options for you. It helps you to meet your financial needs and secure your future and helps you to fulfill your goals. You can invest somewhere based on your goals and requirements. It can be a short-term and long-term investment. In the short-term investment, generally, you hold an asset or invest for one year or less and you have short-term needs. In the long-term investment, you hold an asset for more than a year or even hold it for several years and you usually, have long-term planning or a 20 to 30-year plan with that investment. Your use of the investment distinguishes short-term and long-term investments. For example, if you invest in stocks, you have both options in this investment and now you will have to decide whether will you go for a long-term or short-term investment based on your purpose and goals with this investment. Long-term investment. This investment is basically for at least a year or ...

  Pakistan’s political condition has always been fragile. With the inconsistency in the political system in the country, the economy of the country could not thrive as it was supposed to be several decades earlier. Further, loans with heavy interest rates aggravated the situation, and every year, a large portion of the GDP is spent on those interests. In addition, Pakistan’s exports are half of its imports which adds further pressure on the cash-strapped economy. All issues can be resolved and handled properly but the major concern is political infighting and inconsistent policies of the various government. Considering all the above-mentioned factors, a grim picture emerged. Most of the sectors of Pakistan’s economy are facing severe challenges and they need full-fledged consideration by the governments. The real estate sector has also been in trouble. But in recent years, it has shown unprecedented progress and supported the economy of the country. Further, the real estate secto...

  The real estate sector is thriving in Pakistan and especially, in recent years, we have seen an unprecedented boom. Given the profit margin in this sector, numerous people have joined this sector. The real estate sector can be classified into several types and commercial real estate is one of them.   A property that is used for business-related activities or provides a workplace is called a commercial property and in commercial real estate, this sort of property is leased and used to garner income or profit It is generally perceived that commercial real estate only consists of offices, factories, and industrial units. But its domain also expands over health care centers, retail structures, and warehouses. It can also be classified further into three types, A, B, and C based on the infrastructure and age of the building. Here, we need to understand that though commercial real estate is more profitable, here lease period is generally longer than a residential lease. Usuall...

The real estate agent has to consider several challenges during their work. Most of them are prepared to tackle them but some ignore them and in the end face problems. A real estate agent does not only focus on success but he also needs to focus on his mistakes. Mistakes are a part of life but we need to learn from them and overhaul from keeping ourselves in the future. Following are some mistakes that real estate agents usually do and they need to avoid. Communication gap. As a real estate agent, communication skill is very important and helps us to incorporate them with our potential clients. Further, lack of communication can lead to a gap between you and your clients and there are possibilities that someone else would fill the gap. So, it is mandatory for you to constantly keep in touch with your clients and make them feel you are available for them. For example, if your client wants to invest in Nova City Peshawar , you should keep in contact with him, ask about his prefe...

  So, we invest somewhere to earn a profit, and no doubt, we should select an investment where we can gain maximum returns on profit. ROI is a terminology that is used in business and investment to evaluate and measure the outcomes and profit in a business and investment. Real estate is a thriving sector in our country and gives high returns on investment to investors. But still, you need to have an idea about your returns on investment and profit before investing in the real estate sector. Generally, various factors shape the value of a property. If a property is located at a pivotal location and can easily access, then investing in that kind of property will be a deft choice. Like Nova City, Peshawar is located at a prime location and can be reached easily from Peshawar City and its proximity to the M 1 motorway also enhances its value. So, an investment in Nova City Phase 1 would be a good choice. Life in Nova City Peshawar Phase 1 will be a dream life. Given the facilities,...

  Undoubtedly, we are living in a material-oriented world and the supreme priority of people is to earn money and live a lavish life. So, uncountable ways of generating wealth are there and people choose their means of livelihood according to their skills and interest. Some people prefer jobs, several invest in stock markets, a number of people go for various business and now some has started taking a keen interest in cryptocurrency. It is understood that we need to develop and nurture ourselves and accept change because if we resist these changing dimensions of the world, it means we are pushing ourselves in a backward direction. So, to match the current pace of development, we have to broaden our horizon of understanding not only conventional development but for unconventional. The eagerness for Cryptocurrency is growing these days. Experts and as well as the common man are thinking to invest in Crypto Currency with a desire to make themselves rich overnight. Unquestionably, Cr...

  Given the unabashed economic downturn in the country. The government has imposed several new taxes in a bid to push the economy of the country. Several new taxes have been introduced which will have multifold implications. The real estate sector has no exception, the tax regime of this sector has been transformed and some new taxes in the real estate sector have also been imposed. Further, existing taxes have also been increased. The federal government imposed new taxes of 440 Billion rupees with a focus on the real estate sector in the recent budget. With the introduction of “Deem Tax” that is on unused properties and additional properties, Custom Duties, Sales Tax, and Federal Excise duties have also been escalated. Rs 34 Billion on Custom duties, Rs 90 Billion on Sales tax and Federal Excise Duty, and Rs 316 Billion will be collected in this fiscal year. These taxes might be useful to sustain the dwindling economy, but their implications on the real estate sector and other...

  The recent visit of the chairman and founder of Royale Nova Shaikh Khalid Mohammad Salman Al Khalifa to Pakistan is of great importance. He was invited by the Nova City group in Pakistan. He visited Nova City Peshawar and Nova City Islamabad and showed immense interest in the development of these projects. His contribution to these projects is being deemed as a paradigm shift for the Nova City Islamabad and Nova City Phase 1. The respectable guest has paid detailed visits to these projects of nova City and congratulated the team of Nova City group on these ventures. The Master plans of nova CityPeshawar Division Phase 1 and Nova City Islamabad were exhibited to the notable guests and he appreciated the Nova City Group for these impeccable master plans. Al-Khalifa showed great interest and has pledged to provide technical support for these projects. So, a team of engineers of Royale Nova will be sent to Pakistan for the accomplishment of these ventures. This is undoubted...

  Often real estate industry is marginalized in our country and the real estate agents are stereotyped. Usually, people do not take much interest in this sector and ignore it. On contrary, this sector especially in recent years has shown unprecedented growth and development. Real estate agents are even earning better than many other people. So, outside of this industry, we cannot understand the worth, value, and benefit of becoming a real estate agent. So, it is not an easy task to become a real estate agent, the professionals in this field also have to fulfill the requirements related to this field as other professionals do. In this blog, I will guide you on how can you become a real estate agent and thrive in the real estate sector. Guidance. As you are new in this field and you do not have the expertise and right skills. So, it is better to seek guidance first. You should join an already established agency and that agency must be well-developed and renowned. You will lear...

In big housing societies, there is a file system for the transfer of property from one person to another. Files are of two types. One is an open file and the other is a closed file.   Open file.   Open file is called to a file or a document of a property when it is bought or sold, the property is not transferred to the buyer or seller. It means a buyer is buying that property to resell the property and that’s why he doesn’t get the property transferred to himself. But the file remains as it is. The seller loses control and ownership of the property or a plot and on the other hand, the buyer doesn’t get it transferred. So, real estate agents prefer buying and selling open files. The file is remained open in order to evade purchase and gain taxes and transfer fees. Because all these purchase and gain taxes and transfer fees constitute a huge amount. Real estate agents buy a property to resell it. So, it is unlikely for them to pay this huge amount of taxes and fees. ...

  Buying a home for the first time seems quite challenging for many people and it is not a thing you should be done lightly. It is the largest financial investment for many. There are numerous requirements that an individual has to fulfill and multiple risk factors are also there. So, going anxious is natural for a person who wants to buy a house first time. In this blog, we will address queries that first-time buyers generally face. Q. Should I buy or rent a house/apartment? Although a rental house has some short-term advantages for you in the long run this will be an unwise decision. If you can buy a house, then probably you should not think of a rental house and it would be better if you purchase a house. Buying a house has multiple advantages for you like you will have a sense of pride as it is deemed an achievement. Secondly. You will have freedom and you will not be answerable to anyone in this case. Thirdly, you shall have security and will not have to think about things...