Real estate in Pakistan is a growing sector of the economy of Pakistan.
Demand for residential properties in Pakistan grew in 2010, leading to increased interest among real estate developers and investors. Since prices have exceeded 10 million PKR, new housing developments are often aimed at the upper middle class. To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012.
Moreover, many more billions are spent on buying residential and commercial plots. Pakistan real estate sector is worth anywhere between $300 to $400 billion. According to the Pakistan Bureau of Statistics, construction output accounts for 2% of GDP, with housing representing less than half that total. With the rate of urbanization that Pakistan has been experiencing, there is a growing need for urban planning.
NED University of Engineering & Technology offers Master of Science in Real Estate Management.
Panjwani Institute of Business Studies & Technology offers Professional Diploma in Real Estate Management
NIREM (National Institute of Real Estate Management) offers Real Estate Professionals Development Program.
According to FPCCI (The Federation of Pakistan Chambers of Commerce and Industry), real estate agents are playing an important role in the economic development of the country. “Construction sector has grown by 9% which indicates its strength but this robust sector needs help of the real-estate sector,” it said in a 2017 statement.