Friday, September 21, 2012

Why Central Park Is the Premium Investment Choice for Average Income People?

The yearly economic stats findings reveal that after agriculture, real estate is the most vibrant and thriving sector in Pakistan. Investment in Pakistan real estate is a lucrative opportunity to earn handsome profit on sale and steady income in the form of rent. Property prices are gradually going up and that discourages savvy investors to buy properties in Pakistan yet a number of serious buyers are looking to invest in this sector.

Experts favour investing in Pakistan properties because it offers slow but upward growth and steady returns on investment, good quality properties in good housing societies always remain in demand and several new high end residential housing schemes keep on springing up. Lahore real estate is one of the prime investment choices because it is home to the new and ever growing housing schemes springing up on the outskirts of the city.

One such housing scheme that is considered an attractive investment spot for both local and overseas Pakistani investors is Central Park Lahore. Let's reveal why it has become a premium choice for investors in a short period of time.

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Central Park is a premium choice!

Central Park Lahore is a well-established and a well-planned housing society and a project of Urban Developers that has a long successful history in terms of delivering the best housing projects throughout Pakistan. It is a fine blend of elegance and style and offers one of the best amenities to the residents. The society is located on Ferozepur Road, 22 kilometres away from Kalma Chowk towards Kasur. Central Park is a wide spread housing society stretched over approximately 10,000 kanal (1250 acres) of land.

General amenities: Almost all of the modern housing projects in Lahore launched by developers target upper class but this self-contained society is an attempt in the real terms to provide affordable residential, commercial, recreational, educational and health facilities to the middle or average income group people. To meet the growing housing needs of local people, new projects are continuously launched but not all meet the high living standards. Several societies do not focus on providing lush green parks and landscaped gardens to the inhabitants but this project is planned to keep the true spirit of healthy living alive by designing 500 kanal a lush green amusement park. To complement urban living, all contemporary facilities are provided within the vicinity.

High quality of life:The developer has not just focused on providing plots of different sizes but also has included several top notch factors to ensure high quality of life for the residents. Along with an amusement park, the residents can also find 24 hours public transport facility, hospital and medical college, filtration plant for safe drinking water supply, functional sewerage system, provision of natural gas throughout the year, underground electrical system, carpet roads, community centre, mosque, schools, college and a cash & carry system.

Affordable & secure:The plots are available in Central Park Lahore at affordable rates so that middle and average income group people can easily buy plots. Initially plots were offered at affordable instalments as well. To ensure foolproof security of the residents, Central Park stickers are introduced for the society dwellers to keep foreign vehicles away. Also one entry and one exit point are functional and alert security guards are deployed at the main entrance.

Central Park, Lahore is a valuable addition to Lahore real estate and an amazing housing project, especially designed for the middle class who cannot live in posh areas but wish to enjoy all modern facilities and amenities.

Wednesday, September 12, 2012

The Difference Between Industrial, Retail and Commercial Real Estate

Retail and industrial are both considered 'commercial real estate' (as opposed to 'residential real estate'). Commercial real estate refers to buildings or land intended to generate profit; industrial and retail are simply sub-categories of commercial real estate.

Firstly an industrial property is defined as a property used for the actual manufacturing of something, and can be considered either a factory or plant. This is usually zoned for light, medium or heavy industry. This includes things such as warehouses, garages and distribution centers etc.

Retail property is a commercially zoned property used solely for business purposes, the actual selling of the product, rather than its manufacture - retail stores, malls, shopping centers and shops all huddling nicely under the retail umbrella.

Generally, businesses that occupy commercial real estate often lease the space. An investor usually owns the building and collects rent from each business that operates there.

There are four primary types of commercial real estate leases, each requiring different levels of responsibility from the landlord and the tenant.

Single net lease - tenant is responsible for paying rent and property taxes.

Double net lease - tenant is responsible for paying rent, property taxes and insurance.

Triple net lease - tenant is responsible for paying rent, property taxes, insurance and maintenance.

Gross lease - tenant is responsible only for rent; the Landlord pays property taxes, insurance and maintenance.

If you find yourself considering Commercial property ownership, there are a few things that you would do well to keep in mind:

1) Attractive appearance - the last thing you need is a vacant commercial property in Sydney for any length of time. Think how prospective tenants think: what will their customers want to see?

2) Aesthetic entrance - first impressions count, simple, simple stuff. This is a great tool for putting your prospective clients in a great frame of mind... and their clients.

3) Natural Light - in especially high demand nowadays

4) Location - close to other offices, public amenities, transportation etc.

Since 1980, retail property has returned an average of 9%, though is currently returning around 6%. Industrial real estate tends to be the most volatile, and is currently returning around 7% (as opposed to its peak of around 12% during the 1990's recession).

And obviously, no matter which form of commercial property you're considering, read the lease carefully. Sounds like a silly thing to say, but you'd be very surprised at the issues that can become issues simply because things weren't read properly!