by ppthomes 
Real estate business in Pakistan has undergone significant changes in recent years, and there is great potential for its future growth. Here are some ways to redefine the future of real estate in Pakistan:
- Embrace Technology: The real estate business needs to adopt new technologies such as online property listing, virtual reality property tours, and digital payments.
- Sustainable Buildings: The real estate business needs to shift towards environmentally sustainable building practices to reduce the carbon footprint of buildings. The government should incentivize green buildings by providing tax breaks and other incentives.
- Urban Planning: The government should prioritize urban planning to address the housing shortage in the country. This includes developing new housing schemes, implementing building codes, and improving infrastructure such as roads and public transportation.
- Affordable Housing: Pakistan is facing a housing crisis, with a shortage of more than 10 million housing units. The government should encourage private developers to build affordable housing projects to meet the demand. This will also provide opportunities for low-income families to own their own homes.
- Real Estate Education: The industry needs to invest in education and training programs to develop a skilled workforce. This includes real estate agents, brokers, appraisers, and property managers.
By embracing technology, sustainable building practices, urban planning, affordable housing, and education, the real estate industry in Pakistan can redefine its future and become a key driver of the economy.