Sialkot is well-known for its surgical, leather and sports good industries, due to the increased export of these goods last year, particularly the Brazuca, the official football of the FIFA World Cup 2014, the demand of commercial property has gone up by 30%, while property prices has increased by 25 and rentals by 20%.
Here are four commercial areas in Sialkot you should consider investing in:
1. Ghalib Road is slowly evolving into an upscale commercial hub; several boutiques, offices, malls, restaurants and recreational avenues including Sindbad Fantasy Land are Located there. Property options include: Standalone shops, retail space in low-and high-rise buildings, and office space. Shop sizes include: 100, 300, 1,000 and 2,000 square feet. Purchase price range: Rs 70,000-120-000 per square foot.
2. Main Bazaar is located near Sialkot Railway Station. Shops selling almost everything under the sun including books, fabric, groceries, homeware, jewellery and sporting goods are to be found there in addition to several well-known eateries. Property options include: Standalone shops and retail space in low-rise buildings. Shop sizes include: 50, 200,500 and 1,000 square feet. Purchase price range: Rs 50,000-70,000 per square foot.
3. Mehmood Ghaznavi Road is one of Sialkot’s primary thoroughfares. Several clubs, eateries, malls, offices and parks are located along the Road. Property options include: Standalone shops and retail space in high-rise buildings. Shop sizes include: 100,500,1,000 and 2,000 square feet. Purchase price range: Rs 80,000-120,000 per square foot. Monthly rental range: Rs 200-250 per square foot.
4. Saddar Bazzar is located on Allama Iqbal Road, and is one of the city’s oldest commercial hubs. It is especially popular for its restaurants and street-side eateries, jewellery shops and clothing stores.
Property options include: Standalone Shops, retail space in low-rise buildings and office space.
Shop Sizes include: 50,200,500 and 1,000 square feet. Purchase price range: Rs 60,000-100,000 per square foot. Monthly rental range: Rs 150-200 per square foot.
By Syed Wajeeh-ul-hassan Naqvi. Information provided by Pakistan,s Associates, Sialkot.