The local government in Karachi has approved the reconstruction of a central road at the cost of Rs450 million. Several other development projects have also been approved, including restoration and reconstruction works from Cafe Pyala Gulberg Chowrangi to Rashid Minhas Road, construction of Shahra-i-Noor Jahan, and implementation of water sewerage and drainage systems in the city. Furthermore, four parks have also been opened under the 100-park project in Karachi.
Infrastructure plays a significant role in the advancement of the country. Roads and inexpensive transport facilities promote faster transportation of goods and services, which are important to boost the economy and alleviate poverty by creating job opportunities for citizens. Increased spending on public infrastructure has positively impacted the commercial property sector. These development projects have created increasing motion in the land prices. The government’s announcement of the construction of roads and parks motivated hundreds of real estate developers to register their housing societies in an area nearby these development projects.
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