Pakistan is a heaven for real estate investment, and genuine investment gives a hugely higher rate of return, which is 25% to 55% per year. The construction of China Pakistan Economic Corridor (CPEC) has opened new limits for investors. Further, many developers and builders have launched residential and commercial schemes in the areas near CPEC.
Investment in real estate is considered the safest type of investment; most people prefer to invest in the form of real estate. Every year thousands of new modern housing schemes are announced and accomplished.
However, the construction industry is playing an essential role in the economic growth of Pakistan. Construction, a term that encompasses activities related to the creation of physical infrastructure and related activities, plays a critical part in the country’s economy. The construction industry is in a developing stage in Pakistan. There is an imperative need to eliminate bottlenecks such as corrupt practices in the industry, carry out extensive computerization of land ownership records for greater transparency, improve land regulation and building control, standardize and implement building laws across the board and impart the latest skills to students for the future of the industry.
The construction industry is playing an essential role in the economic growth of Pakistan. Recent estimates published in the Economic Survey of Pakistan show that the sector grew 9.1% in FY17 and contributed 2.7% to the country’s gross domestic product (GDP).
Building Material International Research has also provided a healthy growth outlook for the sector, putting it at 11.8% annually from 2016-20 and 9.1% over 2016-25.
Al Ghurair Giga
Al Ghurair Giga Pakistan (Private) Ltd -AGGPPL is a leading business group; involved in Banking, Real Estate, Textile, and Gold Refining. AGGPPL’s primary focus in Pakistan is real estate mix development, which includes multimillion USD projects – Giga Mall Islamabad and Goldcrest Dubai.
The largest mall in Islamabad, Giga Mall, is a multistory complex that has more than 200 local and international brands under one roof. Besides, it has a Food Court, a kid’s play area, and a state-of-the-art Cinema. Located at the prime location of G.T. Road, Giga Mall provides a shopping experience like never before.
The joint venture partners are one of the fastest-growing real estate developers, with a host of successful projects in the Middle East, Pakistan, and around the world. Its winning formula is its team of highly qualified professionals in the fields of architecture, interior designing, construction, and management, with insightful knowledge and hands-on experience of numerous landmark projects such as Goldcrest Views, Goldcrest Views 2, and Goldcrest Executive in Dubai.
Giga Mall Islamabad
Giga Mall is one of the successful projects of Al Ghurair Giga. It comprises 200 plus brands, which include local and international names. Since opening its doors in 2016, Giga Mall Islamabad has revolutionized the shopping experience of millions of visitors a year. A leader in entertainment, retail, and attractions, Giga Mall is one of the top tourist destinations across the country and is well-known around the world. Giga Mall Islamabad is an award-winning, iconic, premier shopping destination fulfilling all your explicit and customized indulgences. It offers an exceptional retail mix combined with world-class entertainment and leisure attractions. People from all over the country and especially from twin cities Islamabad and Rawalpindi, flock towards Giga Mall.
Introducing Islamabad’s first-of-its-kind indoor water park, with swerving water slides and an array of fun-filled water-based attractions, the Water Park at D Mall is the ideal place for your kids to enjoy while you shop at your leisure. Even more so in the summers, when the water park becomes the perfect place to beat the heat. D mall will stand right next to Giga Mall, so visitors will have the benefit of visiting both malls quickly. It has something for everyone, play areas for kids, a water park for family fun, and a food court for all foodies to eat to their hearts’ delight.
The D Mall is a state-of-the-art luxury mall where you can splurge, eat, and enjoy with your family in a comfortable and friendly environment. Every day, every season is shopping season at D Mall. Right next to Giga Mall and was developed by Giga. Expect nothing but the best.
However, this is an excellent time for construction companies to think more profoundly about how to become more efficient. This is especially true because the new generation of workers is comfortable with technology, and because of the strong economy, there is money to invest in new technology.