loader image

Real Estate

Skyward Properties > Blog > Real Estate

Tag: Real Estate

How To Guide on Expanding Your Business in Pakistan
CategoriesApartments Business Investments Real Estate Skyward Blogs

A How To Guide on Expanding Your Business in Pakistan

By Skyward,

Have you evert thought about how to expand your business in Pakistan? If yes, then this blog is for you. It is important to understand the fundamentals of scaling a business to successfully expand your business, whether nationally or internationally. There are many things that one needs to be mindful of and deal with when expanding a business. From sales and marketing to taxes and corporate compliance, taking care of everything is important. By focusing and looking at things in perspective, you can map out a plan that works for you to grow your business. 

Strategies for Expanding Your Business

  1. Research the Competition in Your Industry
  2. Leverage Global Social Platforms
  3. Research Your Real Estate
  4. Diversify the Offer Lineup
  5. Form Strategic Partnerships

Here are steps you should follow for expanding your business in Pakistan.

Research the Competition in Your Industry

How To Guide on Expanding Your Business in Pakistan

When you are thinking of entering a market, researching your competition should be on top of your list of agendas. This research should not only be on the physical business operations but also their online presence and image. See what they are doing right, and consequently, what they need to improve on.

Having knowledge of your competition, can help you scale any business and devise strategies that can be relevant and beneficial to you. If some action proves to be working for your competition in the same industry, then it is likely to work for your business as well.  

Leverage Global Social Platforms

In today’s day and age, it is a given for any business to take advantage of the online social platforms available. The modern technology used by the people on a daily basis holds immense potential to give a business exposure and reach to its target audience. These global social platforms like Facebook and Instagram allow one to create their brand identity and manage their perception.

Guide on Expanding Your Business in Pakistan

If you have a business based on the idea of ecommerce, selling products online to people of a specific or broad area is possible easily through these global platforms. Use these platforms to grow your business quickly, successfully setting up and expanding as you plan.  

Research Your Real Estate

Every business needs its base of operations. Want to establish a business in Pakistan? Do your research and find the best real estate developers in Pakistan who can get you started.

Getting the help of a real estate developer can help you understand what your business will need in terms of location and the real estate itself. They can guide you and suggest the best possible options that you can consider. The location of your business matters greatly and can affect its success and failure, even with great products and services. If you are setting up a franchise, looking into business districts with the best shopping mall in Pakistan like Skyward Towers, can help you get great access to an already existing customer base pool.

Diversify the Offer Lineup

People love variety. Being diverse is the new normal for businesses if they want to get mass acceptance and sales from the target audience. Introducing multiple quality products that are relevant to the target audience and unique to that area makes the process of expanding your business feel like a breeze.

Think about what complementary products and services you can offer along with the sale. To be able to grow successfully, you need to bring change and introduce new opportunities to the customer. This keeps things from becoming mundane and keeps the interest of the customers.

Form Strategic Partnerships

Expanding Your Business in Pakistan

Strategic partnerships are great way to establish your business and help it expand over a larger geographic area. Forming partnerships with the right companies and people can make a great difference in your success. Which is why, it is important that you conduct your research on the companies that would be the best option for your business. There needs to be a common goal and shared interest areas for the partnership to work in an effective manner.

It is a hard job finding the perfect partner but when done right, it can allow you to reach a wide range of customers at a faster rate. You should take the initiative to approach companies and propose opportunities and what they gain from working together.  

Conclusion

Determination to see through this long and tiring process, is sure to enable you to clinch sale after sale, captivating your audiences. There is no one set way of doing things. It is up to you to see and decide for yourself what works for you. So, research away and start acting on those plans! That’s all on guide for how to Expand Your Business in Pakistan. That’s all from blog on “How to expand your business in Pakistan”.

 

Smart Apartments, The Future of Luxury Living
CategoriesApartments Investments Real Estate Skyward Blogs Skyward Development

Smart Apartments, The Future of Luxury Living

By Skyward,

Smart Apartments, The Future of Luxury Living: We are stepping into the future with the evolution of real estate and living standards in society. The times are changing and people’s requirements for their perfect apartment, are also evolving along with it.

The Future of Luxury Living

When looking for apartments to buy, people are now seeking out the top apartment amenities available in the market. This change in perspective of the buyers, from a traditional outlook on real estate to technology-friendly architecture, is creating competition in the market among the best real estate developers in Pakistan. This shift is leading renters and homeowners to prefer smart amenities over the general traditional facilities. The reason behind this? Because smart homes make our lives easier, convenient, and enjoyable. The automation of basic amenities helps people save money and also lets them have more time on their hands to indulge in things that they love.

As more and more people are shifting to a suburban setting, there is a higher demand for apartments in the market. To reel in interested buyers, real estate developers now have to include smart amenities and enable the apartment to support smart devices. This integration of smart technology into the homes and apartments of people is giving rise to luxury living in a refreshing new way.

Smart Amenities and Their Rising Importance

The Future of Luxury Living in apartment

On the surface level it may look like that people want smart apartments due to the appeal factor, but it is more than that. The smart amenities available give a sense of security and peace of mind to the residents, providing them with affordable living. The best real estate provides all these benefits along with flexibility and convenience in apartments. Which is why having smart homes is an attractive idea, because of the value it brings to residents’ quality of life.

Top Smart Apartment Amenities

Among the various and diverse amenities available now for real estate developers to integrate into the design and structure of modern apartments, the most common and efficient smart amenities are as follows:

Smart Lighting

Equipping your apartment with smart lighting that can sense movement and turn on/off automatically is a great way to save costs and lower energy consumption. It is convenient and adds a flair of futuristic factors, adding to your luxury living. The customizable options and features are a great plus. They can be set according to the occasion to set the mood and match preferences.

Smart Locks

Smart locks are one of the best ways t amp up your home security. It allows for a keyless entry into the apartment and automatically locks the door when you close it, stopping you from wracking your brain to remember if you locked the door or not. An alert is also given to the resident through apps along with an automated noise designated for the opening and closing of the door.

Smart Security Systems

Home security is a main concern for every renter. Home security systems are becoming a must-have to give peace of mind to the renters. An added benefit of this feature is that you can keep yourself updated about any activity in or around your apartment.

Smart Appliances

Smart appliances are a great way for residents to add ease into their life. They make doing menial tasks a piece of cake, but also save money. Equipping the apartment with smart TVs and fridges appeals to the residents and makes daily tasks less of a hassle. Having smart appliances provides a turnkey experience to the residents and also reduces maintenance costs for the property owner with lower energy use.

Voice Control

The idea of smart home technology gained popularity through voice assistants like Amazon’s Alexa. This technology changed the way that people interact with their homes and elevated their experiences. Nothing screams luxury like a voice assistant ready to help you and answer your questions whenever you need!

Conclusion

The future is here and it is time to adapt to it, accepting it into all areas of our lives. The concept of smart apartments does not only embody luxury but also convenience and saving. The revamping of traditional real estate’s architectural design and structure needs to accommodate these new features and technologies. This will help improve resident experiences and enhance their quality of life. That’s all form blog “Smart Apartments, The Future of Luxury Living”.

Apartment Hunting Basics You Should Know
CategoriesReal Estate Skyward Blogs

Apartment Hunting Basics You Should Know

By Skyward,

Apartment Hunting Basics You Should Know: Apartment hunting is like getting into a relationship. It is exciting but also at the same time completely nerve-wracking. Finding that perfect apartment that you can call home is a tiring and grueling process – but when you do find it, it makes all the effort worth it.
If you are setting out on the path of apartment hunting, equipping yourself with these tips and preparing in advance can help make the process easy, and dare we say, fun.

Know Your Budget

The first thing you need to get in order before you start exploring options are your finances. Understanding your budget and the limitations that you face is necessary.

This not only helps you out in narrowing down your options but also keeps you grounded. It prevents you from signing a lease that you are not able to sustain in the longer run.

Start scrunching up numbers to get an idea of your price range. There are many rules and suggestions about how much you should spend on rent or on apartments to buy.

Yet, there are many factors like area, utilities and amenities that may need you to adjust your budgets and ranges. The best thing to do is to research on the basic utilities and prices of the apartments. Call to ask ahead to check for potential deal breakers before you go to visit the apartment.

Ask About Basic Amenities and Utilities

When checking out apartment prices in Pakistan and scaling the real estate market, it is important to also to ask about the amenities and utilities provided. When you buy an apartment, you gain access to other utilities and amenities along with it.
Do you own a car? If yes, then you will definitely want an apartment that comes with a parking space. It is important to be direct and ask property dealers and landlords the right questions. You should not assume that your rent covers parking. Depending on where you buy an apartment, parking can come with its own cost. Other than parking, having close access to basic amenities like grocery stores, hospitals and schools is an important factor and impacts the price ranges of the apartment as well.
Another set of questions you should ask when checking out potential apartments to buy or rent out is the available utilities that you can access and get an idea of general costs of the utilities in the area.

 Value Over Money

There are many moments when people get swayed with low apartment prices and jump on the opportunity but remember – if it is too good to be true, it is.
Initial impressions can sometimes be deceiving so to prevent yourself getting caught up in a pinch, conduct a cost-benefit analysis of potential options. If an apartment costs you less in comparison to another similar option, you should account for any utilities provided with it. If the utilities and amenities cost you extra unlike the expensive option which covers some basic utilities cost, it would be more cost-efficient to purchase the expensive option because it saves you money in the longer run. That’s all from blog “Apartment Hunting Basics You Should Know”.

Real Estate's Role in Improving Pakistan's Economy
CategoriesInvestments Real Estate Skyward Blogs

Real Estate’s Role in Improving Pakistan’s Economy

By Skyward,

Real Estate’s Role in Improving Pakistan’s Economy: Real estate has always been an important part of Pakistan’s economy but has been neglected as a potential source of economic growth and improvement. However, that is all changing with the renewed focus of the incumbent government towards this industry.

The real estate sector is a diverse and broad area revolving around not only property dealings, but also housing, construction, hoteling, retailing and renting of spaces for business and personal purposes. The real estate industry is a great way to revitalize and strengthen the Pakistani economy because of its ties with other allied industries involved in the construction process. More than 200 industries are involved and intertwined with real estate ranging from provision of cement and raw materials to cables and electric fittings in the properties and buildings. Inspecting the performance of these allied industries, we can observe that construction and housing sectors contribute more than 9 percent to the country’s GDP.

In the past there have been governments who failed to establish proper regulatory framework and work towards improving the real estate sector to enhance its positive impact on the economy and overall GDP. This led to the sector facing obstacles to grow and reach its potential, unable to play a central part in the revival of Pakistan’s economy.

Potential of Real Estate in Pakistan

Digitalization of Real Estate Data

The real estate sector has come under the limelight due to the government realizing and taking action to improve the industry and use it to bring in local and foreign real estate investments. One of the biggest problems faced by investors when they are considering investing in real estate in Pakistan is the lack of transparency and reliability of information, which tends to turn people away. The current government has launched initiatives to digitalize real estate data for accountability and transparency that gives confidence to investors in their investments.

Local and Foreign Investments

Overseas Pakistanis tend to invest in real estate rather than opting to run a business. The sector is set up to experience exponential growth in the coming years with increased investments and remittances being paid.

On the other hand, there are more and more Pakistanis who are showing interest in premium housing and secure living areas. The concept of gated communities with access to amenities and recreational places are becoming increasingly popular. Property developers are focusing their investments and efforts in the best construction services to attract investments and interest of people to purchase properties in these designated areas. Such projects boost the construction and housing efforts for a growing population and encourage buying and selling of land in Pakistan.

Providing Affordable Living

The country has been constantly met with an issue of providing shelter to the poor. The government understands that this problem cannot be resolved without the collaboration of real estate developers and investors with the government body. These major parties of the real estate sector play an important role in making it possible to introduce affordable living for the citizens of Pakistan.

Conclusion

With the proper planning and investments in the industry, real estate can become the backbone of Pakistan’s economy. There is a large potential in the real estate industry with growth in this sector opening up massive employment opportunities for people in all levels. Improved tourism and foreign relationships will lead to an improved performance and contribution of the real estate sector, bringing in more investments and revenue for the government. That’s all in blog “Real Estate’s Role in Improving Pakistan’s Economy”.

Best Time to Invest in Real Estate
CategoriesInvestments Real Estate Skyward Blogs

Why Ramadan Is the Best Time to Invest in Real Estate

By Skyward,

Why Ramadan Is the Best Time to Invest in Real Estate

Ramadan is a month where Muslims of the world come together and practice and develop the habits of being patient, control their urges and most importantly understand the needs of others. This holy month of fasting and introspection holds great significance for Muslims. This month is taken as an opportunity by Muslims to work on self-improvement and devote themselves to worship and righteous deeds.

In this month, other than its great religious and social aspects, one can observe a difference in the spending habits of people and their activities. Many people tend to spend a great part of their day indoors and with their loved ones. This is where the opportunity to invest arises, just waiting to be availed!

Real Estate – The Answer to Your Investment Plans

From the vast variety of options from small to large levels, Pakistan has many investment opportunities that are available to people to choose from. Among them all, one stands out from the rest – real estate investments.

Real estate is a stable source of income with minimum risks associated with it, with its financial value only increasing with time. The reliability that real estate investments bring you along with the leverages that you can enjoy in the holy month of Ramadan, are a deal that you cannot ignore.

Special Offers by Real Estate Developers

Like many businesses and brands offering special discounts and offers to welcome the month of Ramadan and make it enjoyable for their customers, real estate developers also make sure that their customers are able to reap similar benefits when investing in houses to buy or properties to invest in.

Lower Property Prices

With everyone practicing their fasts and enjoying the shorter work timings, there are not many people who actively venture out and about seeking opportunities to invest in real estate. Due to lack of investments and to attract potential investors, the prices of real estate properties tend to lower than usual. Wouldn’t you want to take advantage of such a ripe moment to invest in some of the best real estate projects in Pakistan?

Ample Time to Make A Smart Investment Decision

Everyone has a little more time on their hands during Ramadan which allows them to introspect and also to think hard before making any decision. This works in your favor if you are considering to invest in real estate properties or projects. It is important to analyze the pros and cons of the deal before you sign it to ensure that you are getting the best deal.

COVID-19’s Impact on Real Estate

The COVID-19 pandemic has changed our lives drastically from before. Due to the effects of the pandemic every industry has suffered great losses and are unable to continue and operate as they did before. The real estate sector is not an exception. With a great decline in open-house events and marketing ventures focused on promoting investment opportunities for the people, the industry has struggled to retain interest and add investments to their portfolios. Due to these conditions, investors who are interested are welcomed with lower prices of properties and provided the details using modern day technologies to communicate and connect with customers.