What role can the government development of the real estate sector?. While other industries such as oil, machinery, information technology, etc. have been playing a key role in the development of the global economy for the past few decades,
real estate has been a major factor in the sale and purchase of property and housing projects over the years. Has also gained a prominent place in the world in terms of economic activities.
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What role can the government development sector?
Prior to the beginning of the 21st century, there were a number of notable names in the field of buying and selling property or land in developing countries. Are fixed
This can be gauged from the fact that hundreds of residential projects and multi-storied buildings are currently under construction across Pakistan, but even today in terms of transparency, avoidance of fraud and safe investment in business deals.
Investors and consumers seem to suffer from a variety of concerns and mistrust. Grana.com has a key role to play in creating a framework for making real estate investments clean, transparent and secure, but the country’s real estate sector still has a long way to go.
Steps taken by the government of the day for the construction sector
Undoubtedly, in recent times, the government has taken important decisions in the real estate sector and in the construction industry,
showing a lot of attractive facilities for businesses and special interest in promoting these activities, but there is no doubt that A lot of work needs to be done to facilitate the agencies working on the sale and purchase of land and construction projects.
What role the government play in the development of the real estate sector?
There are agencies in the country to promote, monitor and set development indicators for many industries including power, dam construction, scientific activities, business transactions, import and export government agencies and many other sectors. No authority has been set up to give a new identity and ownership to the sale and purchase of land, housing societies schemes and other related business activities.
Secure investment security with the help oWhat role can the government play in the development of the real estate sector?f digital mapping
The business sector related to the sale and purchase of land including property and the availability of residential facilities in the real estate business, the construction of millions of houses and the sale and purchase of plots in the business activities are going on across the country, but even today a large number of investors.
Lack of trust makes them reluctant to invest in a particular sector, which is somewhat accurate. Every investor wants to protect their money and in this regard you will find very few people in the private sector who are seriously working on securing public capital. The Emirates Group is a name in Pakistan that has a distinct identity in securing public capital in this particular sector.
Digital data of Prapshore and Urban Pakistan
Emirates Group subsidiary Prapshore has recently revolutionized the world of digital mapping. With the help of expert human resources, Prapshore has digitized the complete details of available lands in urban areas of Pakistan so that accurate details of any property can be obtained with the help of just one click.
The main purpose of this initiative is to protect the investor’s money so as to discourage any kind of fraud and non-transparency in the sale and purchase of property.
Provide all facilities under one roof for the convenience of investors
For any investor, whether the property is certified or obtains a different type of permit related to a construction project, it is undoubtedly a painful process. This is a phase that traditionally takes months, which can be a major cause of discouragement for investors.
For example, in order to verify any property, first the Patwari, then the Registry Branch and the Revenue Department go round to get the records and get into the shoes of a common man.
The government should ensure that all facilities are provided under one roof for the convenience of investors and consumers involved in the sale and purchase of property so that all documentary matters can be carried out smoothly without wasting time.
Whether it is a residential or a multi-storey construction project, the investor needs about 14 permits from various government departments at the beginning of the construction process. Likewise,
the approval of the project plan before the construction of any project is one of the most important documents without which you cannot start the construction work. Any investor can show interest in these multi-billion rupee projects only when he knows that you have all the facilities available at different counters of the same office.
Stakeholders lack confidence in the government in the real estate sector
There is no doubt that in recent times the government has focused on the real estate sector but on the other hand some government agencies such as the Federal Board of Revenue or international money laundering control agencies have been involved in money laundering and property purchases. The real estate sector was neither consulted nor taken into confidence regarding the policy adopted regarding the exchange of funds in sales.
The downside is that the country’s real estate market has become a volatile business environment and investors have stopped investing in various projects.
Experts with a keen eye on the construction sector believe that the more the government and state-owned enterprises facilitate businesses involved in the real estate sector and the sale and purchase of property, the more the country will not only boost business activities. In fact, the wheel of the country’s economy will continue to run steadily.