How Construction Financing Works?
Introduction Pakistan’s real estate industry has seen a rebound in the past several months due to the government’s multiple incentives and regulatory measures. The real estate sector is essential for an emerging economy as it has forward and backward linkages with more than 40 allied sectors. The housing and construction sector is the main driver for real estate activity. With the recent surge in demand for construction projects, the raw material cost has risen sharply, making construction difficult for developers. Therefore, the subsequent construction activity has also been restricted, and people are investing more in buying plots than carrying our real estate development. The State Bank of Pakistan...