In the few Years, well-planned infrastructural development. Including a well-connected road network, green public spaces and state-of-the-art residential and commercial projects, has taken place in Lahore.
This has led to increase in-city migration, which in turn has triggered the demand for residential property in Lahore. Therefore, it is hardly surprising that in the last three years, the demand for, and value of, residential property in Lahore has increased by 12 to 18%, with real estate experts predicting a further increase of 22 to 25% in the next five years.
If you are thinking about investing in residential property in Lahore, keep in mind that it is primarily available within the following price ranges:
3 to 5 million rupees:
Options include five marla (120 square yards) plots in phase VI, VII and VIII, DHA, which is a 15-to 20 minute drive from Allama Iqbal International Airport.
Only five percent of these phases are built-up, therefore there are plenty of vacant plots to choose from. Property prices are expected to increase by 18 to 22% within a year.
8 to 10 million rupees:
Options include one kanal (500 square yards) plots on main Raiwind Road, approximately a 30-minute drive from Allama iqbal international Airport.
This is a well-developed neighborhood; 50% is built-up. Other available options within this range include one kanal plots in phase VI, DHA. Property prices are expected to increase by 20 to 22% within 18 months,
15 to 20 million rupees:
Options include houses built on seven marla (200 square yards) plots in phase VI, DHA. Most of these houses have four bedrooms, a lounge, drawing and dining rooms, a powder room, a basement and a terrace. Property prices are expected to increase by 20 to 24% within 18 months.
By Uzma Khateeb Nawaz