Financial institutions are providing the right platform for the Real Estate sector by accommodating them with required amount of financial support whereby mega-housing projects can be launched and also by extending the limits of potential target customers. All of this has been possible thanks to new banking laws, curtailments in the documentation for the procurement of loans, increase in the number of financial institutions, introduction of foreign banks, incorporation of multinational companies with substantial resources, liberal policies of the State Bank of Pakistan and last but not the least, the changed attitude of the people whereby borrowing for Real Estate is not considered taboo any more.
By Malik Nosherwan Awan
