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Investor's guide for real estate markets of Lahore, Karachi and Islamabad

Web Desk 10:51 AM | 17 Jun, 2016
Investor's guide for real estate markets of Lahore, Karachi and Islamabad
LAHORE (Development Desk) - Defense Housing Authority (DHA), Lahore will soon announce possession plans for selected blocks in phase VII and phase VIII. Investors have shown great interest in the project.

Meanwhile, development work has been kicked off in Prism IX, and hopefully it will not disappoint the buyers.

On the other hand, repeated price hikes have been recorded in Bahria Town, Lahore, and currently purchasers are keen to put their money in the Bahria Orchards project.

Prices will, hopefully go up in LDA Avenue-I in the coming weeks, however, due to decreased number of available plots in Wapda Town, investors are not keen in the project anymore.

People interested in investing their money in Islamabad are advised to be careful. Prices are greatly decreasing in Bahria Town Islamabad/Rawalpindi as investors are apparently more interested by the group's projects in other cities.

Contrary to this trend, prices are expected to go up in Sector B-17, after the resolution of land-related matters in Block D.

Recently, a price hike has been recorded in DHA Islamabad, however, the trend is pretty slow. Which is an indication that prices are expected to remain stable in this project, at least. But investors should not lose confidence in this project, as there are still reasonable chances of growth. Moreover, the prices will also go up in DHA Valley as soon as development work is completed.

In Karachi, a positive trend has been noted and DHA City seems to be the most productive investment site in the port city. Bahria Town is another option, however, buyers should keep one thing in mind that prices will not be stable in the project in coming months.

According to CEO Zameen.com Zeeshan Ali Khan, changing prices are part of the real estate business and Islamabad's investors should not be worried due to falling prices.

"I am confident that property rates will increase in Lahore, specially after the completion of Lahore Ring Road's south section," Khan said.

About Karachi, he is of the opinion that investors should remain hopeful about the real estate market, despite the fact that prices are trending low due to Ramzan.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 264 266
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 197,900 PKR 2,100
Karachi PKR 197,900 PKR 2,100
Islamabad PKR 197,900 PKR 2,100
Peshawar PKR 197,900 PKR 2,100
Quetta PKR 197,900 PKR 2,100
Sialkot PKR 197,900 PKR 2,100
Attock PKR 197,900 PKR 2,100
Gujranwala PKR 197,900 PKR 2,100
Jehlum PKR 197,900 PKR 2,100
Multan PKR 197,900 PKR 2,100
Bahawalpur PKR 197,900 PKR 2,100
Gujrat PKR 197,900 PKR 2,100
Nawabshah PKR 197,900 PKR 2,100
Chakwal PKR 197,900 PKR 2,100
Hyderabad PKR 197,900 PKR 2,100
Nowshehra PKR 197,900 PKR 2,100
Sargodha PKR 197,900 PKR 2,100
Faisalabad PKR 197,900 PKR 2,100
Mirpur PKR 197,900 PKR 2,100

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