A Guide to Mutual Funds in Pakistan | Graana.com Blog


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If you have never thought of investing before or have saved money, then we would like to introduce a simple way of investing known as “Mutual Funds.”

Mutual funds, by their name, seem to have an intimidating tone. However, that’s not true. They have the following advantages:

  • Mutual funds are formed to make investment easy and at low cost. You can simply start investing from as little as Rs. 5,000.  
  • The investors do not have loaded responsibility of selecting stocks and bonds that can be bought with savings. They are also free from having to manage and secure the investments.

One of the most major benefit of investing in mutual funds is the tax credit it offers.

These credits can lead up to 20pc if the investor commits their money to the fund for two years (two years) or more. Moreover, you can get up to 30% additional savings via Voluntary Pension Funds (VPS).

There are two types of Mutual Funds

Mutual funds can be broadly categorized into two diverse divisions: a) rendering to their structure and b) accordance with investment objectives.

By structure, a mutual fund is either an “Open-end Mutual Fund” or a “Closed-End Mutual Fund”

  • An open-end fund does not comprise a fixed pool of money. This fund creates new units which redeems problematic units on demand. There is no limit on this type of fund size. The price of these units does not rise or fall relating to the demand, however, is driven by underlying assets of funds. It allows investors to buy and sell units at net asset value (NAV) via the asset management company (AMC) which proclaims offer and redemption prices daily.
  • Closed-end funds refer to the fixed number of shares that are issued through Initial Public Offering (IPO). Once these shares are issued, they are bought and sold at the right market rates on the Pakistan Stock Exchange (PSX)

The majority of mutual funds are open-end in Pakistan. Each unit displays an investor’s ownership of the fund’s undivided portfolio. Each unitholder shares equally among other investors in a distribution. Open-end fund units are not traded on the secondary market such as the PSX. Investors buy mutual fund units from banking or financial companies which are authorized to act as sale agent and/or distributors.

Under the law, an independent trustee is registered with the SECP and thus has the charge of all mutual fund assets. The trustee must ensure that AMC invests the fund’s assets under the approved investment policy and authorized investments of the mutual fund. As a result, all mutual property including cash is registered in the name of the trustee.

How to Analyze Mutual Funds

Performance

Performance ranking is another essential factor to look upon. The performance of a fund should be compared with similar funds every month, quarter, or year.

A fund that stays consistently on the top decile should always be preferred. The past performance managed by asset management is a good sign to check if your savings are secured.

Ratio analysis

A Ratio Analysis of the fund assists in evaluating the risk and return. Ratios, for instance, standard deviation, Sharpe ratio, and measurement of Alpha allow you to compare your selected fund with other funds on offer.  

It is crucial to have interest in terms of the Alpha of a fund. This tells how much a fund manager has outperformed or underperformed a certain standard. The Alpha of any given fund is available in the monthly Fund Manager Report (FMR) published by the asset management company.

The Total Expense Ratio deals with the total fund management and distribution-related expenses. A high ratio will affect the fund’s returns and hence is not desirable.

Tenure and experience

Another crucial aspect while selecting a fund is the tenure and level of experience of your fund manager. His experience and expertise play an essential role and thus need to consider when selecting a fund.

The fund manager, because of their expertise make the final decision regarding any investment decision related to funds. They have a unique investing style that will highly impact the performance of the fund. Hence, you should always try to find more information about them.

Size of the fund

The size of the mutual fund is also an important fact that needs to be taken into consideration while selecting a fund.

Funds with small Assets Under Management (AUM) are exposed to concentration risk. When a large investor exits or redeems their investment from a fund with a small AUM, the fund may be impacted adversely and the remaining small investors may have to suffer.

Tips to Consider before Investing in a Mutual Fund

Mutual funds are different when it comes to investment objectives, risks, and costs. Before you opt for an appropriate category of mutual fund for your savings, it is essential to know what your investment objectives are. Your level of income followed by other factors such as age, family commitments, lifestyle, etc. determines your financial goals. Here is some question that needs to be taken into consideration while selecting an appropriate mutual fund.

What are the goals of your investment?

Do you require regular income; finance a wedding, buy a house; take care of your children’s education, or all of these needs.

Risk that you can tolerate

Are you willing to accept the fact that long-term gains may end up with short-term losses? 

What are your cash flow needs?

Is your regular cash flow a necessity to you; or are you interested in growing assets for your future; or you need an ample amount of cash to meet a specific need.

What is your time limit?

Do you prefer a short-term time horizon of less than one year, medium-term, one to five years, long term, or five to ten years?

Once determining your exact requirements you will have a clear image of what to expect from your investment. This will assist you in choosing an accurate mutual fund investment strategy. Here are some examples of possible investment choices depending on your applicable time horizon:

  • Long-term: If your investment is for a long-term basis for example; five to ten years and thus you want to expand your money grow, you should transfer a portion of your money to equity mutual funds. A longer time horizon helps you to recover from a market turn down.
  • Medium-term: It suitable for you to opt for a balanced and income fund since investing money for one to five years may not allow you to reimburse from market turndown.
  • Short-term: If your investment is short-term say less than a year, then there is very little time to recover from losses. You should choose a mutual fund that has no restrictions on withdrawals. Focusing on low-risk investments is also key. If you are investing for a year or less, there is very little time to recover from losses.

Conclusion 

Mutual funds provide with best investment solutions to salaried individuals. When a salaried individual is aware of their requirements and needs, saving targets and goals, it gets easy for them to choose a mutual fund. Once they opt for the desired fund, they simply relax while their savings grow substantially allowing them to achieve their long-term goals.

 




A Guide to Buy a House in Pakistan | Graana.com Blog


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“Owning a home is a keystone of wealth…both financial affluence and emotional security.”

–Suze Orman, financial advisor and motivational speaker.

Buying a house can be hectic and time-consuming. It requires resources, strategic management, well-informed decisions and much patience. But, the bliss of having a dream home cannot be explained in words.

In this blog, we bring you a conscience yet an exciting guide to buy a house in Pakistan.

To understand the ins and outs of buying a house in Pakistan, keep on reading.

Things you need to know before buying a house in Pakistan:

Before buying your dream house in Pakistan, consider the following items at all times. These factors will not only streamline the process of buying but also give you peace of mind.

Type of house:

There are different houses available in the market made to cater to the needs of other people. If you crave a peaceful environment, you might want to buy a house in the country’s suburbs. Similarly, if you are fond of city life, you might want to look for a place right in the middle of the city. 

Then, the houses also differ in terms of their layout plans. There are country houses, farmhouses, bungalows, and other types of available homes in the market. So choose a home that is best suited to your needs.

Consider your needs:

As we have mentioned above, consider your needs before deciding to buy a house. If you want to buy a house for yourself, you might want to consider factors such as your budget, your family size, your occupation and your personal preferences.

However, if you are buying a house in Pakistan as an investment opportunity, you might want to look into different factors such as the location of the place, its returns, market value and rental yields.

Features:

Before investing in any real estate property, make sure you do a thorough analysis of the features you want to see in your property. For example, you might want to consider the size of the house and its layout. Another factor that you should keep in mind before buying a home is the house’s location and neighbourhood. These two factors can influence your house value in the market. 

Review your finances:

Before getting yourself into a significant investment, it is crucial that you get through your finances. If you are about to buy a house in Pakistan, sit back and work on your money. See how much savings do you have and how will you finance your purchase. 

If you do not have enough savings, worry not. Many financial institutes in Pakistan are providing home loans in Pakistan, that too at straightforward terms and conditions. 

Maintenance: 

When you buy a house, you need to consider many factors, especially its maintenance costs. Old houses usually come with many maintenance work such as broken windows, worn-out walls, leakages and pests. 

Before investing your money in a house, make sure you give it a detailed visit and highlight the maintenance issues and the costs associated with them.

Who will help you out?

Before making an investment decision, make sure you consult with people who are associated with the industry. Their valuable decision can help you save your hard-earned money.

One of the easiest ways to secure your money in real estate is by hiring a professional real estate agent. 

A real estate professional will ensure that your decision is worth your time and money. At Graana.com, we provide you with real estate consulting services by our seasoned professionals and sales agents. Visit our website to know more about them.

The process to buy a house in Pakistan:

Follow the following process to buy a house in Pakistan seamlessly and conveniently.

Find a house:

First thing first, find a property that is worth every single penny. There are many ways to find a house in Pakistan. Some common ways to find a house in Pakistan include property portals and traditional methods such as real estate agents and print media. 

Before investing your hard-earned money, make sure the place where you are investing is legit and hundreds of miles away from scam and frauds

Financing options:

There are a lot of financing options available nowadays. One way to finance your dream house is through your savings. Personal savings will give you a sense of freedom, and you will not have to rely on external sources and the interest rates of financial institutions. 

If you do not have enough savings, worry not. There are a ton of financial institutions in Pakistan that provide home loans to Pakistan on easy instalments. 

Make an offer: 

After finalizing the house that you want to purchase, it is time to make your final offer. This is the point where your negotiation skills will come in handy. Fix a meeting with the seller and negotiate strategically. 

However, it would be best if you kept in mind that before making any final offer, you need to know the real estate industry of Pakistan, its latest trends, the price range of the houses in the region and details of the society or area where you are investing.

An in-depth study of real estate is crucial while buying a house in Pakistan. It will not only save your time and resources but will also help you in making a well-informed decision regarding your purchase. 

House inspection:

Many people in Pakistan ignore this significant step. People often buy houses without house inspection. This should not be the case. Never risk your long term investment to save a couple of bucks.

Always hire a professional person who will do your house inspection and tell you about the maintenance costs and shortcomings of the house. This step will make the whole process of buying a home in Pakistan easy and less time-consuming.

Close the deal:

After finalizing the deal, it is time to close the deal. For that, you will have to put everything on paper. In short, hire a good lawyer and put the agreement and all the real estate documents on paper. This is the easiest and most important ways to safeguard your investment. 

Renovate if necessary:

After the purchase has been made, it is time to revamp the house. You may want to change the overall look of the house by adding more colour to it. You can also add another floor, new gates, windows and spaces to add newness to the existing home.

However, it would help if you calculated the renovation costs before purchasing the house. Sometimes the renovation costs may exceed the original price of the house, and we do not want that to happen. So, it is always a good practice to keep the costs under consideration at all time.

So, these are some of the things that you need to know before buying a house in Pakistan. These steps and tips will help you make a well-informed decision and help you make the buying decision as smooth as possible.

Give this guide a read, and let us know what you think about these pointers. If you have any queries or suggestions regarding the topic under discussion, please feel free to leave a message in the comments section below, and we will get back to you as soon as possible.




سی ڈی اے نے اسلام آباد کی تزئین کے لیے 156.35 ارب کا بجٹ منظور کردیا | Graana.com Blog


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اسلام آباد: کیپٹل ڈویلپمنٹ اتھارٹی (سی ڈی اے) نے شہرِ اقتدار میں جاری ترقیاتی منصوبوں کی تکمیل کے لیے 156.35 ارب روپے کا بجٹ منظور کرلیا۔

سی ڈی اے کی جانب سے جاری کردہ بیان میں یہ کہا گیا کہ منگل کے روز چیئرمین سی ڈی اے عامر احمد علی کی زیرِ صدارت سی ڈی اے بورڈ کا اجلاس ہوا جس میں یہ بجٹ منظور کیا گیا۔

چیئرمین سی ڈی اے نے بورڈ اجلاس میں اظہارِ خیال کرتے ہوئے کہا کہ شہر میں تمام خستہ حال سڑکوں، واکنگ ٹریکس اور پارکس کی حالت بہتر بنائی جائے گی۔

اُن کا کہنا تھا کہ اسلام آباد کی تزئین و خوبصورتی وفاقی ترقیاتی ادارے کی اولین ترجیح ہے۔

مزید خبروں اور اپڈیٹس کے لیے وزٹ کیجئے گرانہ بلاگ۔




آئندہ مالی سال ترقیاتی منصوبوں کے لیے 2201 ارب روپے مختص | Graana.com Blog


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اسلام آباد: وفاقی وزیر برائے منصوبہ بندی ترقی واصلاحات اسدعمر نے کہا ہے کہ ‏آئندہ سال ترقیاتی پروگراموں کا حجم 2 ہزار 201 ارب روپے ہوگا جبکہ اگلے مالی سال کا ترقیاتی بجٹ رواں مالی سال سے 36 فی صد زیادہ ہے۔

میڈیا سے گفتگو کرتے ہوئے وفاقی وزیر کا کہنا تھا کہ صوبوں کے ترقیاتی بجٹ میں 520 ارب روپے کا اضافہ ہوا ہے جبکہ وفاق کا ترقیاتی بجٹ 250 ارب روپے بڑھایا گیا ہے۔

ان کا کہنا تھا کہ توانائی اور ٹرانسپورٹ کیلئے مجموعی تخمینے کے56 فیصد فنڈز رکھے گئے ہیں۔ سی پیک منصوبوں کیلئے87 ارب اور تین بڑے ڈیموں کیلئے85 روپےمختص کئے گئے ہیں۔

انہوں نے کہا کہ آئندہ بجٹ میں ‏سکھر حیدرآباد موٹروے منصوبے پر 200 ارب روپے مختص کئے جا رہے ہیں۔ توانائی اور مواصلات کے لیے 40 فیصد اور چین پاکستان اقتصادی راہداری منصوبے کے ترقیاتی منصوبوں کے لیے 87 ارب روپے مختص کیے گئے ہیں۔

وفاقی وزیر کا کہنا تھا کہ مغربی روٹ کے لیے 42 ارب روپ، سی پیک سپیشل اکنامک زون دھابیجی، رشکئ، فیصل آ باد اور بوستان اکنامک زون کے لئے 7 ارب روپے مختص کیے گئے ہیں۔

مزید خبروں اور اپڈیٹس کے لیے وزٹ کیجئے گرانہ بلاگ۔




آئندہ مالی سال ترقیاتی منصوبوں کے لیے 2201 ارب روپے مختص | Graana.com Blog


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اسلام آباد: وفاقی وزیر برائے منصوبہ بندی ترقی واصلاحات اسدعمر نے کہا ہے کہ ‏آئندہ سال ترقیاتی پروگراموں کا حجم 2 ہزار 201 ارب روپے ہوگا جبکہ اگلے مالی سال کا ترقیاتی بجٹ رواں مالی سال سے 36 فیصد زیادہ ہے۔

میڈیا سے گفتگو کرتے ہوئے وفاقی وزیر کا کہنا تھا کہ صوبوں کے ترقیاتی بجٹ میں 520 ارب روپے کا اضافہ ہوا ہے جبکہ وفاق کا ترقیاتی بجٹ 250 ارب روپے بڑھایا گیا ہے۔

ان کا کہنا تھا کہ توانائی اور ٹرانسپورٹ کیلئے مجموعی تخمینے کے56 فیصد فنڈز رکھے گئے ہیں۔ سی پیک منصوبوں کیلئے87 ارب اور تین بڑے ڈیموں کیلئے85 روپےمختص کئے گئے ہیں۔

انہوں نے کہا کہ آئندہ بجٹ میں ‏سکھر حیدرآباد موٹروے منصوبے پر 200 ارب روپے مختص کئے جا رہے ہیں۔ توانائی اور مواصلات کے لیے 40 فیصد اور چین پاکستان اقتصادی راہداری منصوبے کے ترقیاتی منصوبوں کے لیے 87 ارب روپے مختص کیے گئے ہیں۔

وفاقی وزیر کا کہنا تھا کہ مغربی روٹ کے لیے 42 ارب روپے، سی پیک سپیشل اکنامک زون دھابیجی، رشکئ، فیصل آ باد اور بوستان اکنامک زون کے لئے 7 ارب روپے مختص کیے گئے ہیں۔

مزید خبروں اور اپڈیٹس کے لیے وزٹ کیجئے گرانہ بلاگ۔




ایس ای سی پی نے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ کے ضوابط میں ترامیم کا نوٹیفیکیشن جاری کر دیا | Graana.com Blog


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اسلام آباد: سیکورٹیز اینڈ ایکسچینج کمیشن آف پاکستان (ایس ای سی پی) نے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ (آر ای آئی ٹی) کے ریگولیٹری فریم ورک کو مزید فعال بنانے اور اس شعبے میں سرمایہ کاری کو فروغ دینے کے لیے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ ریگولیشنز 2015 میں اہم ترامیم کر دی ہیں۔

ان ترامیم کے حوالے سے ایس ای سی پی کی جانب سے باقاعدہ نوٹیفیکیشن بھی جاری کر دیا گیا ہے۔  ایس ای سی پی نے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ کے تحت سرمایہ کاری کا ایک نیا ماڈل پبلک پرائیویٹ پارٹنرشپ متعارف کروایا ہے۔

ضوابط میں کی گئی ترامیم میں ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ منصوبے میں سرمایہ کاری کرنے کی اہلیت میں تبدیلی، لازمی لسٹنگ کی مدت میں مزید مہلت، ریئل انویسٹمنٹ منصوبے کے ٹرانسفر کے وقت دو مختلف ویلوئرز، رائٹ شیئرز کے اجراء اور قرض کے حصول کے لیے ریئل اسٹیٹ مینجمنٹ کمپنی کی حد میں اضافہ وغیرہ شامل ہیں۔

ریئل اسٹیٹ انوسٹمنٹ ٹرسٹ ریگولیشنز میں نئی ترامیم کے تحت روایتی اور جدید تعمیراتی شعبے کو دو واضح حصوں میں تقسیم کیا گیا ہے جن میں ایک بزنس ماڈل پبلک پرائیویٹ پارٹنرشپ جبکہ دوسرا ماڈل سرکاری یا پھر نجی انفرادی حیثیت میں کاروباری سرگرمیوں میں حصہ لے سکے گا۔

ایس ای سی پی کے مطابق ضوابط میں ترامیم کا مقصد ملک میں ایک باقاعدہ ریئل اسٹیٹ سیکٹر کا قیام اور اس شعبے میں ڈاکومنٹیشن کو فروغ دینا ہے۔

مزید خبروں اور اپڈیٹس کے لیے وزٹ کیجئے گرانہ بلاگ۔۔




ایس ای سی پی نے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ کے ضوابط میں ترامیم کا نوٹیفیکیشن جاری کر دیا | Graana.com Blog


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اسلام آباد: سیکورٹیز اینڈ ایکسچینج کمیشن آف پاکستان (ایس ای سی پی) نے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ (آر ای آئی ٹی) کے ریگولیٹری فریم ورک کو مزید فعال بنانے اور اس شعبے میں سرمایہ کاری کو فروغ دینے کے لیے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ ریگولیشنز 2015 میں اہم ترامیم کر دی ہیں۔

ان ترامیم کے حوالے سے ایس ای سی پی کی جانب سے باقاعدہ نوٹیفیکیشن بھی جاری کر دیا گیا ہے۔  ایس ای سی پی نے ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ کے تحت سرمایہ کاری کا ایک نیا ماڈل پبلک پرائیویٹ پارٹنرشپ متعارف کروایا ہے۔

ضوابط میں کی گئی ترامیم میں ریئل اسٹیٹ انویسٹمنٹ ٹرسٹ منصوبے میں سرمایہ کاری کرنے کی اہلیت میں تبدیلی، لازمی لسٹنگ کی مدت میں مزید مہلت، ریئل انویسٹمنٹ منصوبے کے ٹرانسفر کے وقت دو مختلف ویلوئرز، رائٹ شیئرز کے اجراء اور قرض کے حصول کے لیے ریئل اسٹیٹ مینجمنٹ کمپنی کی حد میں اضافہ وغیرہ شامل ہیں۔

ریئل اسٹیٹ انوسٹمنٹ ٹرسٹ ریگولیشنز میں نئی ترامیم کے تحت روایتی اور جدید تعمیراتی شعبے کو دو واضح حصوں میں تقسیم کیا گیا ہے جن میں ایک بزنس ماڈل پبلک پرائیویٹ پارٹنرشپ جبکہ دوسرا ماڈل سرکاری یا پھر نجی انفرادی حیثیت میں کاروباری سرگرمیوں میں حصہ لے سکے گا۔

ایس ای سی پی کے مطابق ضوابط میں ترامیم کا مقصد ملک میں ایک باقاعدہ ریئل اسٹیٹ سیکٹر کا قیام اور اس شعبے میں ڈاکومنٹیشن کو فروغ دینا ہے۔

مزید خبروں اور اپڈیٹس کے لیے وزٹ کیجئے گرانہ بلاگ۔۔




SECP amends REIT regulations to boost investment in real estate sector | Graana.com Blog


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ISLAMABAD: Security Exchange Commission of Pakistan (SECP) today (Tuesday) has amended the Real Estate Investment Trusts Regulations 2015 and has introduced a new framework for Public-Private Partnership (PPP) under REIT.

According to the details, the new amendments have made changes to the existing regulatory framework in which disclosure-based issuance has replaced approval-based issuance.

Furthermore, the new regulatory framework is designed to lessen the entry barriers for new REITs and to increase foreign investment in the real estate sector.

As per the notification, the documentation and system of approvals have also been made easier for the new REITs. A REIT Scheme has been made eligible to invest directly or by acquiring the shares of the company.

Simultaneously, SECP has also made changes to the SPV model in which the condition of transfer of title has been omitted.

The commission has also allowed PPP REITs to develop new infrastructure projects in consortium with the government.

 

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وزیرِ اعلیٰ پنجاب نے سڑکوں کی مرمت اور بحالی کے لیے خصوصی پیکج منظور کرلیا | Graana.com Blog


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لاہور: وزیرِ اعلیٰ پنجاب سردار عثمان بزدار نے صوبے بھر کی سڑکوں کی مرمت اور بحالی کے لیے خصوصی پیکج منظور کرلیا۔

اُن کا کہنا تھا کہ حکومت کی شفاف پالیسیوں کی وجہ سے صوبے کا ریوینیو 20 فیصد بڑھا جسے صوبے کی حالت بہتر بنانے پر خرچ کیا جائے گا۔

وزیرِ اعلیٰ پنجاب کا کہنا تھا کہ وہ روڈ پراجیکٹس کے لیے جاری کردہ سی ایم پیکج کی ہر ماہ متعلقہ اداروں سے عملدرآمد رپورٹ لیں گے تاکہ عوامی فلاح و بہبود بہتر انداز سے یقینی بنائی جا سکے۔

مزید خبروں اور اپڈیٹس کے لیے وزٹ کیجئے گرانہ بلاگ۔




Types of Apartments in Pakistan | Graana.com Blog


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Are you looking for an apartment in Pakistan?

If yes, then you have come to the right place. 

An apartment is one of the most sought-after residential options in Pakistan. However, finding an apartment is a hectic task. It requires time and patience. To make a well-informed decision about choosing a suitable apartment, you need to have a thorough knowledge of the types of apartments in Pakistan. 

In this blog, we bring you a list of types of apartments in Pakistan. To know more about these apartments, keep on reading.

The basics: What is an apartment?

According to Wikipedia’s primary definition, an apartment, or flat, is a self-contained housing unit that occupies only part of a building, generally on a single story.

Things to consider when renting/buying the apartment

Some of the things that you should not miss out on while buying/renting an apartment are:

The most important thing you need to take into consideration is the price tag of the building. Whether you are buying the apartment or renting it, you need to come up with a realistic budget and price range.

Real estate is all about location. If you want a peaceful area, you might want to consider a place outside the central city. On the other hand, if you’re going to reside in a hustling and bustling place, you might want an apartment in a major city. Also, if you are getting an apartment from the perspective of an investment opportunity in Pakistan, you should invest in an apartment located at a prime location and give an excellent rental yield.

  • The layout of the apartment

Every apartment comes with a specific layout plan. Visit the apartment and choose the one that is best suited for your needs.

Types of Apartments in Pakistan

There are different types of apartments, each having its distinguishing characteristics. Some of the significant kinds of apartments are discussed in this blog.

Studio Apartment

Studio apartments are one of the most common types of apartments in Pakistan. A typical studio apartment comes with one room and usually has an open floor plan. Space consists of a small open kitchen, bedroom space, and a full-size bathroom. 

You need to consider two things before buying a studio apartment: its location and space. The prices of the studio apartments differ based on these two factors. 

If you are looking for your dream apartment, we suggest you log in to www. Graana.com and let our experts find the perfect studio apartment for you in a concise duration of time. 

Alcove Studio

According to Hauseit, an alcove studio is a studio apartment with a separate sleeping area on either side, at the far end of the main room. This nook or “alcove” is typically left open to the main room and is typically only large enough to fit a modestly sized bed.

In short, an alcove studio apartment is quite similar to a traditional studio apartment. The main difference that separates an alcove from other apartments lies in the layout of the space. 

The unique L shape design of the apartment makes it one of its kind. The shape gives an illusion of a spacious area and creates a perfect sleeping area.

If you are looking for an open space apartment with privacy, an alcove studio apartment will do the job for you.

Convertible Studio Apartment

A convertible can be defined as a combination of an alcove studio and a traditional studio apartment. It consists of an open space that can be renovated very quickly. For instance, the apartment is spacious enough to create a bedroom or living room. 

One of the most significant advantages of a convertible studio apartment is the flexibility and convenience that comes with it. You can easily create a secondary space to the original area, that too, without spending hefty amounts of money.

One-bedroom Apartment

One-bedroom apartments are very much in demand, especially among university students, newlywed couples and office going people. The apartment consists of a small bedroom and an open space that you can use as a living room. The apartment also comes with an open kitchen and a bathroom.

This type of apartment is perfect for a small family owing to its affordable price range and convenience. 

Loft

A loft apartment is the epitome of class and luxury. If you are fond of minimal designs and unique residences, a loft apartment is genuinely for you. The primary feature that distinguishes a loft from other types of apartments is its high ceilings. 

A loft consists of open space, a bathroom, an open kitchen and majestic ceilings. The exposed brick designs and large windows add more elements to the room. Most lofts are located near commercial areas and can be used as office space as well. 

Duplex

According to Wikipedia, a duplex house plan has two living units attached, either next to each other as townhouses, condominiums or above each other like apartments.

Usually, a duplex consists of a living space that is further divided into two levels. The second level is generally used as a sleeping area.

Triplex

As the name suggests, a triplex consists of a space that is further divided into three levels. Every triplex comes with its very own entrance. Each triplex unit has its kitchen, bathroom, living room, separate doors to the outside, and its address or unit number.

 It is a multi-family apartment, perfect for a nuclear family.

Garden Apartment

A garden apartment is perfect for nature lovers and people who want gardening. A garden apartment comes with a private backyard area used as a garden by many occupants. A garden apartment is situated either on the ground floor or the basement level.

However, before getting your hands on a garden apartment, make sure you know about some crucial things. Firstly, the apartment requires high maintenance because it is partially underground, and monsoon season can become an issue, especially if you live in an area where heavy rainfalls are regular. Also, you need to do something about the insects and pests that will come with the garden.

Railroad Apartment

As the name suggests, a railroad apartment resembles a railroad. According to Wikipedia, a railroad apartment is an apartment with a series of rooms connecting in a line. 

A railroad apartment consists of an elongated floor plan. This linear structure usually consists of three or four rooms without the presence of a hallway in between.

Penthouse

A penthouse is an apartment or unit on the highest floor of an apartment building, condominium, or hotel. One feature that differentiates a penthouse from other apartments is the element of luxury. In short, a penthouse is all about luxury, grace and class. Penthouses are very spacious and located at the city’s prime locations, offering spectacular views of the central city. 

So, these are some of the most common and popular types of apartments in Pakistan. Give this blog a read, and let us know your views about these apartments. 

If you have any queries or suggestions regarding the topic, please feel free to leave a comment in the comments section below. We will be more than happy to assist you.




Top Most Expensive Areas in Pakistan | Graana.com Blog


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National Price Monitoring Committee 

The National Price Monitoring Committee (NPMC) works under the command of the Ministry of Pakistan. PM Imran Khan approved the initiation of a new pricing system to overcome the problems of the current system. It is called the Decision Support System for Inflation (DSSI).

The DSSI mainly keeps a track of price hikes of daily essentials in 17 major countries in Pakistan. The list shared above displays the newly introduced DSSI system. According to the Pakistan Bureau of Statistics (PBS), the Decision Support System for Inflation is going to play an imperative role in evaluating the performances of local district administrations in the most densely populated areas in the country. 

Affordable Cities to Live in Pakistan

The cheapest cities in Pakistan are often found in Punjab due to the lower price differential rate. As statistical data reported by the National Price Monitoring Committee (NPMC) stated that Bahawalpur is considered to be the least expensive city with the lowest gap of 9.25 percent between the market and district administration rates in terms of daily essentials. 

Similarly, Multan and Lahore having the same price differential percentage of 10.35 and 10. 53. In contrast to this, Islamabad has been recognized as an expensive city a gap of 19.6 percent between the market and approved pricing rate. 

Most Expensive House Areas in Islamabad 

The capital of Pakistan, Islamabad is one of the most expensive cities in Pakistan. The prices of real estate were never low here. Initially, the old town of Islamabad was more expensive than the new, developed sectors. Commercially speaking, primary markets are much costly than local markets. However, the prices of houses for sale exhibit the price trends of residential real estate. Many foreigners prefer living in posh, high-class areas of the capital. Sectors such as E-7, F-8, F-7, F-6, F-5, and G-5 comprise foreigner residents. The prices of the above-mentioned sectors are high. The area of these plots is also larger such as 1, 2, or 4 Kanal houses for sale in these sectors. The average price of 1 Kanal house for sale in some sectors such as E-7, F-7, F-6, etc. starts from 8-9 crore. We have listed the most expensive residential sectors of Islamabad below: 

  • E-7: This sector is considered to be the most expensive sector in Islamabad. It is the home to many diplomats and foreign consulates. 
  • F-6: F-6 is considered to be the second most expensive sector. The sector is home to the city’s most expensive markets Kousar and the Supermarket. This sector has three major roads including Constitution Avenue, Margalla Road, and 7th Avenue. 
  • F-7: When we look opposite to E-7, we have the eastern commercial center. Also recognized as the third most expensive sector.  
  • F-8: It comprises many offices and buildings for official purposes. Islamabad Kechari is also located in this sector. It is ranked as the 4th expensive sector. 
  • F-10, F-11: Both these sectors on the opposite of Fatima Jinnah Park are to be at number 5. The average cost of 1 Kanal house for sale in these sectors is almost equal having minor differences. However, the price of these two sectors is low. The average cost of 1 Kanal house for sale ranges from 5-6 crore. 

Since Islamabad is amongst the most expensive cities in Pakistan, Park View City proves to be the most expensive residential area in all of Pakistan. The rates of these residential plots are: 

Most Expensive Areas in Lahore

Pakistan’s largest city Lahore is known to be the wealthiest city with an approximate GDP of 84$ million in 2019. The Walled City, the iconic Badshahi and Wazir Khan Mosques, along with several Sikh and Sufi shrines depicting values and spirituality are some of the biggest landmarks in the city. This aids in promoting and improving the tourism business. 

The topnotch residential areas in Lahore are discussed below: 

Lahore Smart City 

Lahore Smart City is a project of the Future Development Holdings Limited (FDHL) and Habib Rafique (Pvt.) It is the most expensive residential area in Lahore. The main aim of the foundation of this housing scheme is to achieve the objective of modernity, stability, and serenity for the citizens of Lahore. 

This housing society is situated near Kala Shah Kaku on the Lahore Bypass near the Lahore interchange. Lahore Smart City is accessible from Lahore’s GT Road and Lahore-Sialkot Motorway. It also has an open route to the Ring Road. Residents will be able to link Lahore Smart City Housing Society to the rest of the city. 

Lahore Smart City is LDA approved and thus designed in such a way that it displays a strong social ambiance. It provides the residents with a sense of tranquility and a peaceful society that may develop potential platforms for leisure, industrial, and residential opportunities.  

Park View City Lahore

One of the most promising housing projects by Vision Groups is considered to be Park View City Lahore. The founder of Vision Group is Aleem Khan and a prominent member of Pakistan’s ruling party; Pakistan Tehreek-e-Insaf (PTI). The Vision Group began creating and inspiring the realm of real estate since the year 2012. They managed to gain a trustable reputation. They have completed several high-end real estate projects in major cities, including Lahore and Islamabad. 

Park View City Lahore is situated in an ideal location. It is located on the main Multan Road across from the DHA EME region. The Thokar Niaz Baig Flyover and Canal Road are three kilometers away. The most convenient factor is that it is easily accessible from all three parts of the city. The Lahore-Islamabad highway is two kilometers away. 

It is not only the most expensive residential area in Lahore but also the finest. The villas in Park View comprise an elegant interior with intricate finishing and ample space. New greenery and eye-appealing scenarios cover the area of villas. The overall land area; 5 percent is devoted to green fields and parks

Most Expensive Housing Areas in Karachi

Clifton is one of the biggest yet oldest settlements in Karachi. There is no doubt in believing that it is the poshest and classiest area in all of Karachi. It is the home of iconic landmarks such as the tomb of Abdullah Shah Ghazi and Mohatta Palace alongside being a part of Saddar Town. The main Saddar area lies in the north of Clifton, having the Clifton beach lying in the south. To the east, we have Gizri village and DHA Karachi, and China Creek in the West. 

Recognized hospitals and schools alongside renowned universities such as Indus Valley School of Arts and SZABIST have an edge as compared to other parts of the city. Clifton not only comprises the beach but also has other entertainment spots and facilities such as malls (Park Towers, Forum), parks (Benazir Bhutto Park, Bagh Ibn-e-Qasim), and several restaurants spread widely across the area. Boast Basin is a routine hangout spot for not only residents of Clifton but all the Karachiites as well.  

For someone who prefers a dim, toned-down kind of ambiance, restaurants such as BBQ Tonight, Nandos, and/or TGI Fridays, etc. are a delightful experience. Moreover, Clifton is also home to broad commercial places that are highly popular in terms of retailers including business organizations. 

Another main reason for this area’s popularity is the effortless connection to all the nearby areas. Major arteries like Shahrah-e-Firdousi, Khayaban-e-Iqbal, and Zamzama Boulevard provide an easy route to Saddar and DHA. It makes traversing easy through the entire area. 

The benefits of such a locality come with a price. Prices for a 250-yard house in such an area costs about 40 to 60 million rupees. 




Top Localities to Buy a House in Lahore | Graana.com Blog


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Pakistan has some of the most beautiful and lively cities in the world. One of the best cities to live in Pakistan is Lahore. The rich culture, enthusiastic people, excellent infrastructure, and yummy cuisine make Lahore one of its kind.

Lahore is also known for its modern localities. In this blog, we bring you a list of Top Localities to Buy a House in Lahore. To learn more about the top localities in Lahore, keep on reading. 

DHA, Lahore

The first locality on our list that is perfect for the residents of Lahore is DHA, Lahore. It is ideal for people who are looking for a place that is peaceful and secure. Society is known among the masses for its state-of-the-art infrastructure, including stylish homes, wide roads, and extensive shopping centers

Society is further divided into different sectors and phases. Phase 1 is the oldest phase of DHA, Lahore, and currently, new phases ( 6 and 7) are under construction. DHA is not only a great place to live in, but it is also highly beneficial for people who are looking for long-term investments, especially in the real estate sector. The place is best known for its land value and rental yields. If you are looking to secure your hard-earned cash, you can consider DHA, Lahore.

Check out houses for sale in DHA Lahore.

Bahria Town Lahore

The next place on our list is none other than Bahria Town, Lahore. It is considered to be one of the best places to live in Lahore. It is also considered to be one of the most famous housing societies in Pakistan. 

Society is known for its high standard of living, beautiful buildings, and many facilities and amenities. The community is located at the prime location of Canal Road. If you are looking for a place that can offer you convenience without compromising on luxury, Bahria Town is the perfect palace for you. The society has traditional houses, but it also provides a wide variety of other real estate projects, including farmhouses, apartments, villas, bungalows, and commercial properties. The place comes with all the basic and advanced amenities and facilities, including hospitals, schools, mosques, utilities, and security. 

Find houses for sale in Bahria town Lahore.

Gulberg Lahore

Luxury, grace, and peaceful living perfectly defines Gulberg Lahore. It is yet another fantastic place to live in Lahore. The site is known for its famous shopping hub, the liberty market, where you can find everything, including clothes, shoes, decoration, furniture, at very affordable prices. Apart from residential areas, the place is also known for its commercial properties, including shopping malls, corporate offices, and malls.

Check out houses for sale in Gulberg Lahore.

Model Town Lahore

Model Town, Lahore is one of the oldest residential areas in Lahore that was founded in the early ’90s. The place is packed with beautiful and artistic houses, lush green parks, and wide roads. 

There are shopping malls in the area as well, especially along Link Road. The rents in this area of the city are comparatively low because the society is old and the cost of living is low. The total area of the place is spread across an area of 1463 acres (5.9 km²) and is divided into ten blocks (A, B, C, D, E, F, G, H, J, K). Blocks L, M, N, P, Q, R, and S are in the outskirts of Model Town and are administered by Lahore Development Authority (LDA). In this total area, the residential area consists of 819 acres (3.31 km2), and the commercial area consists of 29 acres (0.12 km2). Each block has its market, playground, mosque, parks, etc

Find houses for sale in Model town Lahore.

State Life Housing Society Lahore

Located at the prime location of Ring Road, State Life Housing Society is one of the most affordable residential areas in Lahore. The area is also linked with Lahore ring road and Atta Bakhsh road. The prime location, an abundance of amenities and facilities, good infrastructure, and planning has made State Life Housing Society one of its kind.

Find houses for sale in State Life Housing Society.

Johar Town, Lahore

Johar Town Lahore was named after Muhammad Ali Johar, a famous leader from the Pakistan movement. The area is among the oldest residential places in Lahore. It is located at the prime location of canal road and has a decent number of amenities and facilities for the people, including schools, colleges, shopping centers, and hospitals. 

If you are looking for an excellent real estate investment, do consider Johar Town, Lahore. A Kanal residential property in Johar Town starts from Rs20.5 million (US$177,000) and goes up to Rs90 million (US$778,500). The starting price of a twelve-marla commercial property in Johar Town is Rs12 million (US$103,000).

Some of the main attractions near the place include Lahore Expo Centr and Emporium Mall, which are perfect for spending some quality time with your friends and family. Some of the educational institutes in the area include the University of Central Punjab Main Campus, University of Management & Technology, Bahria University, Lahore Grammar School, Bloomfield Hall School, and Musab School System. Many hospitals are located in the area, including Latif Hospital, Horizon Hospital, and Doctors Hospital.

Find houses for sale in Johar Town Lahore.

Garden Town Lahore

Garden Town is one of the most trusted places to live in Lahore. It is located near Ferozepur Road, one of the busiest and famous areas in Lahore. Garden town is also linked with Canal Bank road, Ferozepur road, and Usmania road. The city is divided into 12 blocks: 

Garden Town is divided into 12 blocks: Garden Block, Ahmed Block, Abu Bakr Block, Ali Block, Usman Block, Tipu Block, Babar Block, Aibak Block, Aurangzeb Block, Tariq Block, Ata Turk Block, and Sher Shah Block. These areas are divided based on plot sizes. 

Garden Town has a population of 250,000 people and is among the most popular areas in Lahore due to its prime location. The majority of its residents belong to the upper-middle class and consist of business, salaried people, and students. 

Some of the famous schools in the area include Dar-e-Arqam Girls High School, Gosha-e-Atfal Girls High School, Government F.D Model High School, and Government Girls Himayat-e-Islam Girls College, and Unique High School. On the other hand, some of the hospitals located in the area include Hameed Latif Hospital, Rasheed Hospital, Zainab Memorial, Masood Hospital, and Lahore Medical City hospital.

Find houses for sale in Garden Town.

Faisal Town Lahore

Faisal town is a union council and neighborhood of Gulberg Tehsil in Lahore. The town is divided into four residential blocks – A, B, C, and D depending on the plot sizes. The town is also linked to Canal Bank road, Maulana Shaukat Ali Road, and Usmania road. Apart from residential areas, the town is also known among the masses for its commercial activities. The biggest market in the region is located in C Block and is commonly called Civic Centre. There is a smaller market in B Block called Kotha Pind market.

Also, there are several hospitals and medical centers in the region, including Khair-un-Nisa Hospital. There are tons of educational institutes in the vicinity, such as St Anthony’s High School, National University of Computer and Emerging Sciences, Government Girls School, Cathedral School, and Lahore Grammar School.

Find houses for sale in Faisal town Lahore.

So, these are some of the top localities to buy a house in Lahore. These areas are great for residence, and they are also perfect for people looking for investment ideas in Pakistan. 

Please go through the list and let us know what you think about these places. If you have any queries or suggestions regarding these areas in Lahore, please let us know in the comment section below.