TRANSITION FROM INDUSTRIAL TO POST-INDUSTRIAL
The 21st century is the period of data innovation and globalization. The world is amidst a change from mechanical to data or post-modern age. The signs of a Post-modern age are innovation, incorporated data, and an interconnected world. The Western nations and the created nations in the East like China, South Korea, Japan, and Malaysia have effectively begun to insert the land area with innovation. Each everyday issue is driven by innovation. The web time started from America’s Silicon Valley and the development of Apple and Microsoft altered different social statuses. The significant power behind the quick mechanical development of Germany and Switzerland is an exceptionally talented Human asset. For instance, Switzerland has a populace of a pitiful 30 million however its yearly GDP in 2019 was 703,165M. $, then again Pakistan with a mammoth populace of 200 million had an estimated yearly GDP of 314,588M. $ In 2019. Inadequately prepared human asset is the purpose for some hardships looked by the South Asian country.
LEAST INNOVATIVE COUNTRY
The significant areas of the country’s economy like Real Estate, horticulture, and administrations are deficient in computerized innovation and development. Pakistan is among the most un-imaginative nations on the planet. Also, the development area of the nation is developing quickly yet the development is set apart by issues like restricted admittance to data, untalented property vendors, and absence of consistency in the cycles of purchasing and selling.
EMERGENCE OF PROPERTY TECHNOLOGY
The rise of another marvel called Property Technology (Prop-Tech) is reshaping, redoing, and changing the land of the whole globe. The admittance to land data was exceptionally restricted however now utilizing Mobile Technology the Prop-Tech new companies are connecting all the data with respect to land to Mobile applications. Pakistan is no exemption and the progression has been taken by a couple of organizations like the Eiffel Estate, Eiffel gathering of organizations. The advanced applications will change Real Estate similarly Uber upset the vehicle area of the country. All the information identified with purchasing and selling will be effectively open to all, thus making ready for minimization of the pretended by incompetent property vendors.
ISLAMABAD’S ROTTEN GOVERNANCE
Right now in Islamabad, the government capital of Pakistan, individuals deal with humongous issues in everyday dealings of PROPERTY. There is no consistency in rates and the overall people have no admittance to the right data. Besides, there are plenty of land income specialists like Capital Development Authority (CDA), Federal Government Employees Housing Authority (FGEHA), District Administration and its ensuing Patwari framework, and Islamabad Metropolitan Corporation drove by Mayor. Locale Administration and CDA report to the Interior Division, FGEHA report to Housing Division and the workplace of the Mayor is weak as CDA is currently driven by Chief Commissioner. What’s more, the poor between pastoral coordination on the upper level just fans the fire. Furthermore, the spoiled Patwari framework is tormented by political affiliations, mediations, and defilement.
THE REMEDY BY PUBLIC-PRIVATE PARTNERSHIP
Profoundly talented and innovation-driven private companies are the solution for the ills endured by the Federal Capital. Private elements in association with public area bodies can change the land area. There is an earnest need to carry out the models of Public-Private Partnership and Property Technology in the development area of the country, so the necessities of the protruding populace can be met in due time.