Property in Multan: The City of Sufis
Multan is the most prominent city in South Punjab and is known as the City of Saints and Sufis. It is the fifth most populous city of Pakistan and is located by the River Chenab. It is known to be Pakistan’s geographical center point. It is popular for shrines, tombs and mausoleums, the most popular of which include those of Sheikh Bahauddin Zakariya, Shah Rukn-e-Alam, Shamsuddin and Sakhi Ali Akbar. With the most renowned Sufi saints and poets originating from here, it is the epitome of Punjabi culture and folklore. It has numerous old mosques, which it was once popular for, but it is currently known for its shrines that serve as a major attraction. Since it is the center of the country, it serves as a focal point for all cultures and ethnicities. Hence, present-day city is home to Punjabi, Balochi, Sindhi, Haryanvi, Pashtun as well as Urdu speaking people.
The city is adjacent to Bahawalpur and Muzaffargarh, hence endowing it with strategic importance. It has also become politically and economically important due to being a dry port with great transport linkages. Moreover, it is known for its wheat, cotton, sugarcane, mangoes, pomegranates and citrus. It is one of the most iconic and culturally rich countries in Pakistan and is a must visit!
The Diversity in Multan Real Estate
Recently the city has witnessed great progress in terms of new development projects and infrastructural improvement. With purpose built commercial zones, investment by top-notch real estate developers and well-built, smooth roads, Multan is growing exponentially as more and more people decide to settle there. Important areas in the city include Gulgasht colony, DHA Multan, Wapda town, China town, Wah model town, Garden town, Millenium City and Omega City Housing Scheme.
Real estate Multan offered by property dealers in Multan includes commercial and residential plots for sale; houses, commercial plazas and shops for sale as well as rent and individual house portions .,
Real estate Multan offered by property dealers in Multan includes commercial and residential plots for sale; houses, commercial plazas and shops for sale as well as rent and individual house portions (upper, lower or basement) for rent. Houses and portions for rent start from 3 marlas and go up to 5 marlas, 7 marlas & 1 kanal in size whereas rent ranges from Rs. 25,000 to 60,000. 312 sq ft shops are available for rent at Rs. 29,640 whereas 352 sq ft shops are available for the monthly rent of Rs. 47,520. Plots for sale range from 3.5 marlas to 58 acres in size and prices lie between Rs. 125,000 and 580,000,000.
Things to Ask Yourself while Investing in Property:
Do I have ready cash or will I have to resort to a loan?
Am I expecting a major life defining decision such as moving abroad, getting married or leaving my job?
Is it more lucrative to invest in land or a constructed house/apartment/shop?
Do I have access to legal consultation?
Have I done all my research regarding market rates etc?