In recent years, the development of vertical developments has picked up the pace in Pakistan. This is backed by popular demand and developers’ efforts to provide modern housing solutions. Apartments offer manageable households for families, while at the same time providing a lucrative investment opportunity for all those seeking to earn high returns in the medium to long term. One of the fastest-growing cities in Pakistan for vertical developments is Karachi, and among the various projects dotting the landscape is RAYYAN COMFORTS which offers high potential for investment. Let’s analyse how.
RAYYAN COMFORTS FOR INVESTMENT
The RAYYAN COMFORTS is a 6-story apartment building that offers luxuriously designed 1-bedroom service apartments, and 2-bedroom penthouses. When corroborated with official statistics from 7th Sky Marketing, one can understand that investment at RAYYAN COMFORTS can be especially profitable. Here’s how.
Analysing from 2019 to 2020, our official statistics show that the Search Volume for apartments increased by 150% during this period, while the price of a 1-bed apartment rose up by 41%, indicating an average rental yield of 6.67%. Moreover, the price of a 2-bed apartment inched up by 44%, indicating a rental yield of 6.4%, while the price of a 3-bed apartment rose by 39%, which comes at an average rental yield of 6.34%.
This goes on to show the strong demand for apartments which is being satiated by newer developments. However, what primarily sets apart RAYYAN COMFORTS from all the rest of the projects are its unique features; location, property options, and amenities on offer. These are the primary features that set apart the properties at RAYYAN COMFORTS for investment.
LOCATION OF RAYYAN COMFORTS
Situated on Scheme 33 Karachi, RAYYAN COMFORTS enjoys close proximity to posh residential areas of Karachi, such as Gulshan-e-Iqbal Block 7 and Bahria Town. This locality is also close to the famous Makan Chorangi and Disco Bakery Moreover, the following localities can be accessed within minutes:
· 20-minute drive to Bahria Town Karachi.
· 10-minute drive to Gulshan-e-Iqbal
For the residents, this central location will allow them to explore all that the city has to offer, with relative ease. This locality falls right in the heart of the city and is close to one of the best educational and healthcare facilities as well as main commercial areas.
FACILITIES & AMENITIES
While the entire city and the numerous recreational and entertainment facilities can be easily accessed by the residents; the developers, RAYYAN COMFORTS and AYAAN BUILDER & DEVELOPERS. have ensured that a number of amenities are added to the apartment complex so no one has to venture out too far.
These amenities include Private Cinema, Rooftop pool, Sauna and Health Club, Exclusive Residential Club, and an Indoor Kids’ Gaming Area. Moreover, a number of facilities have been added to provide an easy and comfortable lifestyle for the residents. These are:
· 24/7 Security, CCTV Cameras
· In-House Maintenance Staff
· Concierge Service
· Solar and Backup Generator for Common Areas
· Main Lift and Service Lifts
· Dedicated Car Parking
· Earthquake-resistant structure
Moreover, this project has been approved by the Karachi Development Authority (KDA), and is being exclusively marketed by 7th Sky Marketing, which means that this is thoroughly vetted and has all the required NOCs. Moreover, the project has been approved by the Federal Bureau of Revenue (FBR), which made it a secure and risk-free investment opportunity for investors. This indicates that the buyers will be exempt from disclosing the source of the money. With development going on at a fast pace, this project will be delivered by 2022.