Executive stresses regulation, planning and lower interest rates to stabilise real estate
ISLAMABAD:
Pakistan’s growing population, rapid urbanisation and rising demand for secure, well-planned communities are expected to significantly increase the need for quality housing by 2026, the chief executive of a private housing project said on Friday.
Speaking to journalists, Dr Mohamed Mansour said the real estate sector extended well beyond residential development and functioned as an interconnected industry that supported construction, banking, manufacturing, retail and services. He said the sector generated employment at multiple levels, ranging from engineers and architects to daily-wage labourers and small suppliers, contributing directly to income generation and wider economic activity.
He said planned urban communities and large-scale housing projects could play an important role in strengthening the economy over the coming years. According to him, integrated development models that include green spaces and commercial zones improve quality of life while attracting both domestic and overseas Pakistani investment.
Mansour said modern housing societies could also support government infrastructure objectives by easing pressure on major urban centres, provided development was aligned with planning standards. He maintained that consistent policies, regulatory clarity and access to financing were essential for the real estate sector to emerge as a stabilising force for the national economy.
