Faisalabad, previously known as Lyallpur, and also as the Manchester of Pakistan, is the third most populous city of the country. With the famous clock tower, agricultural history, industrial activities and a textile industry that provides almost 70% of Pakistan’s textile exports, the city has its own standing in the Punjab province. Unique fabrics that are available only in Faisalabad are a source of envy for other cities. Not only this, one of the internationally acclaimed musicians, Nusrat Fateh Ali Khan sahab was also born in this historical city.
Due to an international airport and motorways connecting Faisalabad to other cities, it is easily accessible. With the completion of M-4 Motorway, the access to the city will get even better. All these factors help in making Faisalabad the third most important city of the province.
When it comes to the real estate sector, Faisalabad projects are already catching the investors attention and are gaining popularity. The city is developing commercially and even the upcoming Faisalabad projects are all set to take the city’s realty sector by storm.
With outlets of major brands, eateries and recreational areas, it is attracting more and more investors. Malls and plazas are another plus for the city. One of the most sought after projects is Lyallpur Galleria. From its beautiful architecture to well-thought-of location to rates and payment structures, it is definitely one of the investments no one would want to miss a chance to grab. Along with it, there are several other mixed-use buildings accommodating cinemas, play areas for kids, food courts and shopping centers similar to the ones that are in big cities like Karachi, Lahore and Islamabad.
With all on-going developments, it is no wonder that the Manchester of Pakistan is becoming a cynosure for the real estate sector. Having minimum traveling time from major metropolises, investors from different cities have started taking interest in Faisalabad real estate already. Far sighted investors are capitalising more on Faisalabad property and taking maximum advantage of the current situation.
Subsequently people are moving towards established and establishing areas as compared to remote areas, so rates of plots and houses are increasing gradually. According to Zameen.com’s Property Price Index, prices of plots in Faisalabad have increased by 8.97% and rates of houses in Faisalabad have spiked by 12.25% during the last year. Yet, Faisalabad property is economical as compared to other big cities since it is in the developing phase. Business-minded people are seizing this opportunity to purchase good property at reasonable rates, proving that now is the perfect time for making investments in Faisalabad real estate.
From industrial to commercial and residential developments, this city offers everything. Keeping in mind the current situation of the city, the inhabitants would not have to go anywhere else for shopping or recreational activities as Faisalabad will soon become self-sufficient. Until then, the prospects and opportunities of growth are still infinite.