Top 5 Reasons for Increasing Trend of Luxury Apartments in Pakistan

Urban resettlement is a vital need of the hour. With the increase in business activity and shrinking land resources in cities, a gradual increase in the trend of construction projects, in the form of luxury apartments or, in other words, multi-storied buildings, has been experienced in Pakistan. Given the increasing population, the construction of housing units- especially small apartments- in the country has become inevitable.

For many people in our country, buying a home is beyond their purchasing power. Taking into this consideration, smart apartments provide a solution to this problem. There are several causes behind the increasing trend of luxury apartments across Pakistan, and most of them circle around the economic aspects. In this blog, Apex Group has gathered the top 5 reasons for the increasing trend of luxury apartments in Pakistan and how this surging trend of apartment living solidifies its grounds in the country.

• Low-cost apartments
• Population expansion
• Easy maintenance
• Best option for small families
• Top-notch facilities & amenities

Reasons behind Increase in Apartment Buildings in Pakistan

Without any further delay, let's throw light on the gathered reasons step by step.

Low-cost Apartments

If we compare the prices of apartments with houses, the former costs a lesser amount than the latter. Besides it, the owner of a smart apartment pays fewer taxes in comparison to taxes required to be paid for a house.

Since an area that is smaller is easy to heat and cool, one needs to run heaters and air conditioners for a relatively lesser period of time. So, all points mentioned above prove that living in an apartment is cost-effective.

Population Expansion

Globally, Pakistan is in 5^th position according to population statistics. According to the recent census, the country's population has increased by 2.9 percent year-on-year to 227.7 million. In comparison, the urban population has increased at a rate of 2.7 percent to about 96.7 million.

So, due to the increasing urban population and scarce land resources, the real estate developers have started constructing luxurious apartments in the top housing schemes like Bahria Town, DHA, Lake City, MidCity Housing Lahore, etc.

A state-of-the-art apartment project, Al-Razi Heights, has been providing people with a classy lifestyle living with top-notch residential and commercial facilities and amenities.

Easy Maintenance

The sophisticated apartment buildings of Lahore offer many facilities and amenities to their residents. One such facility is timely maintenance. If you both partners are employees, feel free to opt apartment for yourselves.

Whether it is cleansing, clothing, washing, or any other household chore, you don't need to do them yourself. The management of your luxurious apartment will render you all these services at your doorsteps.

Best Option for Small Families

No one would deny that trend of buying apartments is getting surge every day due to many socioeconomic factors. If you are a small family, we recommend you buy a small classy apartment rather than paying money for a house you don't need in actuality.

An apartment is more profitable than a house, we have proved in the first outline of this blog. By getting an apartment, you can save your money which can be used for buying a car, investment, or any other thing.

Top-notch Facilities & Amenities

One of the top reasons for the growing apartment trend in Pakistan is the provision of major residential and commercial facilities under one roof of the building, such as restaurants, a well-equipped gym, Jacuzzi baths, yoga centers, swimming pools, and much more.

Importantly, the real estate builders choose that location for an apartment building which have maximum facilities nearby it. Apartments are the future of residential living in the major cities of the country. So, prefer this smart choice and live up to life in it.

For more information and smart investment options, contact Apex Group.