Faisalabad, previously known as Lyallpur, and also known as Manchester of Pakistan, is the third most populous city in the country. With the famous clock tower, agricultural history, industrial activities and a textile industry that provides almost 70% of Pakistan’s textile exports, the city has its place in the province of Punjab. The unique fabrics that are only available in Faisalabad are the envy of other cities. Not only that, one of the internationally renowned Pakistani singer, songwriter, and music director, Ustad Nusrat Fateh Ali Khan sahib was also born in this historical city. Faisalabad, The city of opportunities, Manchester of Pakistan, largest industrial zone in the country, producing 60% of Pakistan’s textile exports, 2nd largest revenue generating city in Pakistan, largest agriculture university of Pakistan. Faisalabad is the second most populous district in Punjab with a population of 7.87 million.
Faisalabad Dry Port is a dry port in Faisalabad, Pakistan. It is managed by the Faisalabad Dry port Trust. It works in cooperation with DP World, which provides rail freight transport from the dry-port. The rail track extents to Port Qasim, Karachi. The dry port was founded in 1996. The city’s booming textile industry saw huge growth in exports of textiles, yarns, fibers, clothing and apparel products. The dry port was incorporated into the existing rail network and linked to the seaport of Port Qasim, Karachi.
Due to an international airport and highways connecting Faisalabad to other cities, it is easily accessible. With the completion of the M-4 Motorway, access to the city will be even better. All these factors contribute to making Faisalabad the third largest city in the province.
As far as the real estate sector is concerned, Faisalabad projects are already attracting the attention of investors and gaining popularity. The city is growing commercially and even the upcoming Faisalabad projects are all poised to take the real estate sector of the city by storm.
With outlets of major brands, eateries and recreational areas, it is attracting more and more investors. Malls and plazas are another plus for the city. One of the most sought after projects is Sitara Green City. From its beautiful architecture to well-thought-of location to rates and payment structures, it is definitely one of the investments no one would want to miss a chance to grab. Along with it, there are several other mixed-use buildings accommodating cinemas, play areas for kids, food courts, best schools/colleges/universities and shopping centers similar to the ones that are in big cities like Karachi, Lahore and Islamabad.
With all on-going developments, it is no wonder that the Manchester of Pakistan is becoming a cynosure for the real estate sector. Having minimum traveling time from major metropolises, investors from different cities have started taking interest in Faisalabad real estate already. Far sighted investors are capitalizing more on Faisalabad property and taking maximum advantage of the current situation.
Subsequently people are moving towards established and establishing areas as compared to remote areas, so rates of plots and houses are increasing gradually. According to Zameen.com’s Property Price Index, prices of plots in Faisalabad have increased by 8.97% and rates of houses in Faisalabad have spiked by 12.25% during the last year. Yet, Faisalabad property is economical as compared to other big cities since it is in the developing phase. Business-minded people are seizing this opportunity to purchase good property at reasonable rates, proving that now is the perfect time for making investments in Faisalabad real estate.
From industrial to commercial and residential developments, this city offers everything. Keeping in mind the current situation of the city, the inhabitants would not have to go anywhere else for shopping or recreational activities as Faisalabad will soon become self-sufficient. Until then, the prospects and opportunities of growth are still infinite.