Pakistan Real Estate Development

Pakistan Real Estate Development, Buildings, International Construction Trends, Architecture Design

Pakistan Real Estate Development

International Construction: Architectural Design Article

2 July 2019

How International Construction Trends have Shaped Real Estate Development in Pakistan

As most experts believe, the real estate industry of Pakistan began flourishing in 2001. The years that followed indicated generally good results. A number of mega projects were initiated and the buying and selling of property amounted to being a profitable venture for everyone who pursued it.

The industry became slow between 2017 and 2018 – but is doing quite well currently, when considered in comparison. There is a lot of incoming foreign investment and the government itself has taken certain measures to uplift the country. These factors have immensely benefited Pakistan’s real estate environment.

Apart from the pace of development and sale/purchase activities, the trends in the industry have also changed over the years. What is trending in the global real estate sector also impacts local residential and commercial developments.

From exteriors and interiors to construction materials and technologies, trends in the local industry continue to change with the passing of the years. The international real estate industry influences local market dynamics because the needs of the people – and the society, by extension – have evolved.

Here is how some of the international construction trends have shaped real estate development in Pakistan:

Home Construction

It is safe to say that home designs in the country have changed drastically with time. Looking at some of the oldest Pakistani structures, we have witnessed the traditional high roofs, skylights, spacious uncovered areas around the house become narrower and more compressed. Now, people prefer modern designs that offer limited space – but their smart execution makes them more productive.

Interiors

Every year, some new interior design trend takes over the world. For example, minimalism became quite popular in the last few decades. But some designing elements have gained global recognition and feature noticeably in modern industrial productions.

In Pakistan, for example, skylights, built right under the roof, were used for the purpose of ventilation. Now, homeowners construct large windows instead. Additionally, they request architects to design floor plans in order to perpetuate an airy environment within their home spaces.

Similarly, modern Pakistani homes encourage more use of natural light than the artificial ‘bulb’ variety. The large windows also help in meeting this demand. But both better ventilation and natural light have become a necessity for the country; given its crises of electricity and mostly warm weather.

Like the rest of the world, the trend of smaller homes has also begun to prevail in Pakistan. The different rooms may feel compact but smarter floor plans and simpler interior decorating gives the illusion of space. In the olden times, the locals were fond of large and elaborate furnishings. This trend has now shifted to more chic and sleeker options. Most people have also stopped laying down large carpets in favour of beautifully tiled floors.

Exteriors

Just like the interior of a home, the exterior design is as important. In fact, people love the idea of a good curb appeal as is common in other countries. But due to the preference of smaller homes, modern constructions are skipping large verandas, corridors, garages, and terraces.

Modern homes also come with unique siding materials – something old Pakistani homes lacked. The sidings not only add a strong protective layer to a house’s exterior, but enhance its curb appeal as well.

Technologies

It is not only tangible home designing and construction elements that have evolved. The use of modern technologies is what makes such transitions easily possible. Following global trends, engineers are hired to make homes heat and cold resistant and architects who use advanced software to plan house designs.

Due to the spreading awareness of social and environmental responsibility, developers in Pakistan also invest in greener methods of home construction. This includes building houses that are energy efficient, materials that are not toxic to the environment, and ways to cut the negative impact of the construction processes.

Commercial Construction

Global real estate trends have also inspired changes in the commercial developmental process in Pakistan. As cities have become more urbanised, authorities concerned are now encouraging high-rise buildings. In fact, the government of Pakistan plans to boost vertical expansion, along with the delivery of amenities to support it sufficiently.

Commercial Buildings

In recent years, Pakistan has initiated expansive commercial projects. The country has invested in better engineering and architectural technologies to enhance the image of its major cities.

Developers have begun to use Augmented Reality (AR) technology in order to help clients visualise what they will be investing in. The same technology also helps with automated building measurements and simulation of structural changes.

Another trend taking roots in the commercial real estate industry of Pakistan is prefabricated constructions. The technology is gaining popularity because it makes it easier to build taller buildings. On the other hand, it cuts down the on-site work, which is good for the environment.

Pakistan has consciously joined the movement to tackle issues responsible for deteriorating the environment. Therefore, local developers and builders have been eager to adopt green constructions. For this purpose, they use technologies that minimise the carbon footprint of buildings along with developmental models that reduce the use of natural fuel sources.

Infrastructure

Currently, infrastructure forms one of the major sectors for investment around the globe. Countries are trying to build highly urbanised but sustainable cities. The infrastructural projects are meant to uplift the economy, provide better facilities to the public, and support the environment. For example, the Bus Rapid Transit (BRT) project in Pakistan is supposed to resolve the congestion issues as well as minimise emissions into the city air.

Pakistan is gradually catching up with the world in terms of its real estate developments – as is proven by the many examples mentioned in this write-up. Property listing sites such Zameen.com also provide solid examples of homes and commercial projects that incorporate many international real estate trends.

Advanced and socially responsible real estate practices are surely going to put Pakistan on the map of fast developing countries. With incoming foreign investment and dedicated efforts of the incumbent government, the country can build a sustainable socio-economic future.

Location: Pakistan




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