• Observes real estate agreements should be interpreted in light of economic realities • Rules buyer missing payment deadline cannot seek specific performance • Verdict upholds LHC decision dismissing purchaser’s suit ISLAMABAD: The Supreme Court has sounded a note of caution for lower courts while adjudicating property disputes, highlighting that unlike a bygone era when real estate values appreciated at a snail’s pace, the contemporary reality was one of rapid and often exponential escalation in property prices. Therefore, while dealing with property disputes, courts must interpret agreements concerning property in light of current economic realities, Justice Miangul Hassan Aurangzeb suggested in a judgement. The observation came while deciding a civil appeal and upholding the Lahore High Court’s (LHC) March 4, 2020, decision rejecting a suit for specific performance filed by a Sialkot-based purchaser, Amjad Javed, agai­nst property seller Maqsood Ahmad.