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Pakistan's real estate sector is worth around $1.8 trillion. According to the Pakistan Bureau of Statistics, [5] 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. [6] [5]
In Pakistan, past trends indicate that the increase in housing stock (146 percent increase) lagged far behind the population growth (209 percent increase) during 1960-1998, leading to overcrowding in housing units. The growth of housing in urban areas was far more rapid as compared to rural areas; 253 percent and 115 percent respectively.
Muhammad Ali Jinnah also known as Quaid-e-Azam, was the founder and first governor-general of Pakistan. He was renowned as a barrister and statesman, and played a pivotal role in the establishment of Pakistan. He gained prominence as one of the era's most highly regarded legal practitioners, commanding a fee of approximately Rs.1,500 per case.
Pakistan had since 1979 requested that India sell the property, or at least lease it to its government as a tribute to its founder in order to convert it into their Consulate. Though P. V. Narasimha Rao , India's foreign minister in 1980, agreed in principle to lease Jinnah House as the residence of local Consulate-General of Pakistan, the plan ...
Following his death, the property was handed over to his representative Syed Maratib Ali, the father of Syed Babar Ali, in January 1948, having previously been requisitioned by the British Army. [2] Later, in the same year, the Pakistan Army reasserted control over the property, offering a monthly rent of Rs 500 to his sisters, Fatima Jinnah ...
Property income refers to profit or income received by virtue of owning property. The three forms of property income are rent, received from the ownership of natural resources; interest, received by virtue of owning financial assets; and profit, received from the ownership of capital equipment . [ 1 ]
Defence Housing Authority (DHA) (Urdu: ڈیفنس ہاؤسنگ اتھارٹی) is a Pakistan Army-administered real-estate developer that governs housing and municipal services for Defence neighbourhoods across Pakistan.
Some non-real properties commonly available for rent or lease are: motion pictures on VHS or DVD, of audio CDs, of computer programs on CD-ROM. transport equipment, such as an automobile or a bicycle. ships and boats, in which case rental is known as chartering, and the rent is known as hire or freight (depending on the type of charter)