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Future of Real Estate Development

Introduction

A panel discussion titled “Educating for Smart, Safe & Sustainable Real Estate Development”, at the Proptech & SmarTech Convention ’23, brought together esteemed experts like Mr. Ejaz Muhammad, CEO of Arif Habib Dolmen REIT Management Limited, Mr. Ar.Muhammad Arif Changezi, Chairman of PCATP – Pakistan Council of Architects and Town Planners, Mr. Hasan Bakshi, former Chairman of Association of Builders And Developers of Pakistan (ABAD), and Dr. Saeed Uddin, Associate Professor, Dept. of Architecture & Planning at NED University of Engineering and Technology. They discussed the challenges and opportunities in shaping sustainable urban landscapes in Pakistan’s rapidly evolving cities.

Urbanization and Its Challenges:

The panelists discussed the significant urbanization expected in Pakistan by 2030, with 50% of the population residing in urban areas, rising from the current 36%. This shift, primarily driven by rural-to-urban migration, presents complex challenges in infrastructure and housing. Mr. Muhammad Ejaz emphasized the need for robust public transportation systems to accommodate growing city sizes and distances. Mr. Arif Changezi highlighted the current housing scenario in Karachi, where 60% of the population lives in informal settlements, underlining the urgency for planned housing solutions.

Social and Environmental Considerations:

As cities grow, the panelists stressed the importance of addressing the social dimensions of urban development. The discussion, steered by Dr. Saeed Uddin, touched upon the emergence of more pluralistic societies with diverse backgrounds and the need for inclusive city planning. Climate change was identified as a significant threat, with the panelists agreeing on the necessity to integrate sustainable and eco-friendly practices into real estate development. The gender shift in the job market, especially the increasing participation of women, was also a topic of discussion, pointing towards the need for gender-inclusive urban planning.

Educating for a Sustainable Future:

The panel concluded with a focus on education and regulation in the field of architecture and planning, crucial for guiding the future of sustainable real estate development. The experts called for educational reforms that align with the changing dynamics of urban development, emphasizing the role of institutions in preparing future professionals to meet these evolving challenges.

This panel at the Proptech & Smartech Convention ’23 highlighted the critical aspects of preparing for a future where real estate development is not only about building spaces but creating sustainable, inclusive, and smart urban ecosystems. The insights from these experts pave the way for a more informed approach towards urban development in Pakistan.

For more detailed insights and engaging conversations from these inspiring leaders, be sure to watch the full video of the panel discussion.