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Construction without Real Estate Development (Article)

Author

Listed:
  • Nadeem Ul Haque

    (Pakistan Institute of Development Economics, Islamabad.)

  • Nadeem Khurshid

    (CEO, 4th Dimension Consulting.)

Abstract

Real estate development in Pakistan suffers from a bad reputation, both in policy circles and in the public. Detractors frequently claim that investing in real estate is unproductive and should be discouraged. Officials often put forward unsubstantiated claims that the real estate business is riddled with illegal activity of all sorts. However, when one looks back at Pakistan’s foray into real estate development activity from the date of Independence, we find that the state considered itself responsible for providing housing for the millions of refugees who came to Pakistan to become citizens of the newly minted country. From then on, successive regimes have taken or tried to take, some initiative to fulfil the promise to provide adequate housing for the poor masses.

Suggested Citation

  • Nadeem Ul Haque & Nadeem Khurshid, 2023. "Construction without Real Estate Development (Article)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 62(1), pages 1-14.
    • Handle: RePEc:pid:journl:v:62:y:2023:i:1:p:1-14
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    File URL: https://file.pide.org.pk/pdfpdr/2023/1-14.pdf
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    References listed on IDEAS

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    1. Nadeem Ul Haque, 2020. "Increasing Revenue for Metropolitan Corporation Islamabad," PIDE-Working Papers 2020:173, Pakistan Institute of Development Economics.
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    Cited by:

    1. Muhammad Sheraz Ahsan & Ejaz Hussain & Zahir Ali & Jaap Zevenbergen & Salman Atif & Mila Koeva & Abdul Waheed, 2023. "Assessing the Status and Challenges of Urban Land Administration Systems Using Framework for Effective Land Administration (FELA): A Case Study in Pakistan," Land, MDPI, vol. 12(8), pages 1-27, August.
    2. Rasta-Pide, 2023. "The State Of Commerce In Pakistan: International & Domestic," PIDE Research Report 2023:15, Pakistan Institute of Development Economics.

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