If You are thinking about investing in property, but have a limited budget that ranges between one and five million rupees, here are three options you can consider.
1. Vacant plots (125 square yards).
These are located in suburbs which are currently under development. The prices of these plots increase by 15 to 30% every year and their ROI ranges between 25 and 40% within two years.
Areas where these plots are located include: Sector E-10 and G-12 (Islamabad); National Highway (Karachi); and Phase VI and VIII, DHA (Lahore) price range: Rs 1.5-3.5 million (Islamabad); Rs 3-5 million (Karachi); Rs 2-4 million (Lahore)
2. Shops in popular commercial hotspots.
The Prices of small shops (their size ranges between 100 and 150 square feet) that have not been renovated recently are relatively low despite the have not been high football. Most people purchase these shops and rent them out. Their ROI ranges between 15 and 20% over a period of two years, and their prices increase by 12 to 18% every year.
Areas where these shops are located include; G.T. Road (Islamabad); Gizri Commercial Area and Rashid Minhas Road (Karachi); and Davis Road and Johar Town (Lahore)
Price range: Rs 3-5 million (Islamabad); Rs 1.5-4 million (Karachi); Rs 2-3.5 million (Lahore)
3. Agricultural lands.
The sizes of these plots range between 500 and 2,000 square yards. Their ROI ranges between 22 and 30% within a period of two years. The demand for these plots increases by seven to 10% every year, and their prices go up by 10 to 12% annually.
Areas where these plots are located include: Islamabad Highway (Islamabad); Burki Road (Lahore) and Northern Bypass (Multan)
Price range: Rs 4-5 million
By Uzma Khateeb-Nawaz. Information Provided Karachi Estates, Naulakha Estates Lahore and Eden Estates Islamabad.