Planning To Buy and Sell a Flat in Lahore

Lahore is the second largest city of Pakistan and the capital of Punjab Province. It is some 1300 km northeast of Karachi in the upper Indus plain on the Ravi River. The city has had a stormy history. It remained the capital of the Ghaznavid rule from 1163 to 1186. The Mongols sacked Lahore in 1241. The process of different attacks and invasions continued until In 1524. It was captured by the Mughal troops and that is when Lahore started advancing towards the peaks of prosperity under the Mughal Dynasty, especially during the reign of Shah Jahan (1628–58). This historic city became the center of many spiritual, cultural, social, and historical spots and testimonials. It also turned into the hub of cultural and literary activities. These cultural social and educational activities are an integral part of city life. Many poets, literary figures, and artists arose in the city. There also appeared so many places of leisure and entertainment. That is why Lahoris proudly say, “Lahore is Lahore”, which means that you can enjoy the pleasures of life to the fullest only in Lahore.

Lahore consists of an old city area flanked on the southeast by newer commercial, industrial and residential areas and flats in Lahore for sale that is in turn ringed by suburbs. A circular road around the wall provides access to the old city by 13 gates. Famous constructions within the old city include the mosque of Wazīr Khān and Lahore Fort. Spanned over an area of 36 acres the fort is a classic example of Mughal architecture. Lahore has emerged as one of the most rapidly developing cities in the country. It has also become a hub of economic activities contributing to over 11 percent of Pakistan`s Gross Domestic Product (GDP). Over the past few years, the city has perceived a tremendous market expansion, advancement in transportation, communication, health and education and improvement in overall living standards. These amenities along with the special attention of the successive Governments to improve the city attracted the masses from all across the country to move towards Lahore to enjoy better amenities. This massive urbanization

Flats for Sale In Lahore Trends

Since Lahore is supposed to be one of the most dynamic and vibrant city in Pakistan. It is also the nucleus of the political and social activities of Punjab. The elite class of the province enjoys the luxurious life style here. During the last decade, the population of Lahore has rapidly increased mainly because of urban sprawl. The people from remote areas moved to Lahore to enjoy better living facilities and a reasonable lifestyle. Consequently, the mainstream Pakistan real estate investors and builders jumped into the city with heavy investment to develop the most modern housing schemes. This scenario resulted in an overall increase in the cost of buying and selling houses in Lahore city, the land cost also increased significantly. The prices of houses are almost out of reach of the common man. Hence there surged up a dire demand of flats in Lahore for sale and buying whose prices are quite reasonable and affordable for laymen. This trend has now become a common practice in Lahore like many other well-developed cities. So, the people with limited budgets have started showing interest in luxury flats in Lahore for sale rather than buying a full-fledged expensive house. There are many societies that are coming up with exceptionally delightful compartments. The societies with extremely charming residential units are DHA, Bahria Town, Askari Housing, Moden Town, and Wapda Town. We are going to discuss some of the popular flats below.

Types of Flats in Lahore for Sale Price Trend

Defense Housing Authority has turned up to be the best area for purchasing a flat in the recent past. Its location and outclass infrastructure have significantly increased its demand in recent years. DHA is gaining popularity for both investors and the end users who want to improve their living standards. For a very short family, a single bedroom apartment is available within a range of PKR 1.10 crores to PKR 1.6 crores. If someone is interested in a two-bedroom flat it will come in a range PKR 1.25 crores to PKR 2.5 crores depending on location and amenities. The flats that contain three bedrooms are worth around PKR 1.5 crores to PKR 3 crores. Buying, and selling renting flats in Lahore is not as much easy as in Karachi and Islamabad. So, if Someone is interested in buying one, he or she must contact some reliable retailor to avoid an unfavorable deal.

Bahria Town is another remarkable place to search for Flats. Over the years it has proved its worth, No one can ever deny the unique amenities provided by Bahria Town. Hence, Bahria Town Lahore has gained a lot of attention and property in Bahria Town Lahore has become a favorite place of investment in the field of property among the investors and end users alike. Sector B,C, and D have become popular among the people for reasonable flats. A single bedroom flat in Bahria Town Lahore is worth around PKR 35 lacs to PKR 60 lacs only. Whereas someone is interested in a two-bedroom flats for sale in Bahria Town Lahore. The price ranges from PKR 55 lacs to PKR 70 lacs. However, presently Bahria Town Lahore does not offer a three-bedroom apartment.

Askari Housing Society is one of the most suitable residential areas of Lahore. It is a well-established and a well-planned housing Scheme especially when it comes to flats. Askari 5,10 and 11 have especially attracted potential buyers in recent times for both long term investment and present use.

Although Askari is a very good society yet it does not offer single bedroom or two-bedroom flats. There are available only three bedrooms flat that is available between PKR 1 crore to PKR 2 crores. For a family bigger in size Askari also offers four-bedroom flats priced between PKR 1.4 crores to PKR 2.25 crores.

Model Town Lahore is another suitable place for apartment seekers. Although it is considered as a medium level residential area yet It offers two bed suitable apartments at reasonable prices ranging from PKR 30 lacs to PKR 55 lacs Johar Town is another reputed society that offers flats on reasonable and reasonable rates especially phase 1 and phase 2 are very popular for flat sales in the area.

The ones interested in investing in apartments in Johar Town can also avail the opportunity. A one bed flat costs between PKR 20 lacs to PKR 40 lacs. Similarly, a two bed apartment ranges between PKR 24 lacs to PKR 48 lacs. In the same way Lahore cantt also provides one bed, two bed and 3 bed apartments on very reasonable prices. Educational Institutions and Health Services in Lahore Since Lahore is the provincial capital of Pakistan so a lot of attention has been paid by the successive governments to ensure basic amenities in the city. It has therefore some of the best educational and health institutions in the country. The people from all over Pakistan visit Lahore for education, health and training. All the areas around these housing societies and even in the outskirts of Lahore we find better institutes in government as well as private sector.

The English system school like Beacon house, American International School, American Lycetuff School Ace school system, Aitcheson college, Punjab Group of Colleges, Superior Group of Colleges. At higher Education level we find Punjab University, University of Engineering And Technology, COMSAT university and Bahria University among the best institutions. There are also many public sector Universities related to commerce, medical and dental, education, pharmacy and nursing, and many more. A possible buyer always gives top priority to nearby educational institutes and health services to enjoy the basic necessities to the fullest to maximize their utility.

Historical Places &Tourist Spots In Lahore

Lahore is popularly termed as the Centre of history and culture in this part of the world. The city has the historical Lahore Fort which was restructured in the Mughal reign between the 16th and 18th centuries. Sheesh, Mahal is a beautifully decorated palace inside Lahore Fort, its designs and colors are absolutely eye catching. The fort is very large. The Picture Wall, the Alamgir Gate and the quadrangle are also there. The Badshahi Mosque is one of the top places to visit in Lahore. Another masterpiece of Mughal architecture, the mosque is situated just a few minutes’ walk from the Lahore Fort. Lahore Fort, the Badshahi Mosque and the Sikh Shrine, Shalamar Garden, Minar e Pakistan are popular places to visit. Another one of the most beautiful historic places here is the Wazir Khan Mosque. It has a lot of tourist attractions because it is thought to be the most extravagantly decorated Mughal mosque. The Shalimar Gardens are one of the top tourist places in Lahore. There are also some other charming picnic spots in Lahore. Jehangir's Tomb and the Jinnah Gardens, the Jallo Park, the newly built global Park and Changa Manga Forest.

Facilities And Security In Lahore

Since Lahore is the capital of the largest province of Pakistan so the govt of Punjab has paid special attention to its development and provided almost all the necessary facilities to its residents like transportation, recreation, energy, and water and sanitation. There are so many projects underway that will make living in Lahore more convenient. The work on infrastructure and the projects like Metro Bus and Orange Line have made the city a wonderful place to live in. The sources of communication and transportation are becoming quick and cheap in Lahore, sewerage system and water distribution much better than in other cities of Punjab Lahore is relatively safe. The law-and-order situation in the city is almost always under control, the government has recently focused on deploying technology, e.g. installation of CCTV cameras to ensure safety and security. Hence Lahore is an ideal place for investing in houses.

Eateries & Shopping Malls in Lahore

Apart from many other names, Lahore is also known for being the food and cultural capital of Pakistan. The city has a lot to offer from an absolutely pure variety of delicious food at top class restaurants to the mouth-watering street food of Lahore that actually justifies the well-known saying “Lahore, Lahore hai.” From delightful Laddu Peethi to mouth-watering Butt Karhai, one loves every bit of one’s platter. Located near the Lahore Fort, in between Fort Road and the Roshni Gate is Lahore’s Food Street. Eating on Food Street is one of the top things to do in Lahore. The street comes alive at night. This is a great place to find restaurants in Lahore. You have many choices as you come out for shopping or leisure. There are many areas near Bharia town where you can enjoy lip-smacking foods. you can find plenty of eateries such as McDonald’s, Jammin Java Café, Lazzat Hotels, Flames Grill n Bar and many others. Mall of Lahore, Emporium Mall, Fortress Square, and Gulberg Galleria are famous shopping malls. Greenvalley Supermarket and the Lake City Shopping Mall to name a few.

Why To Invest In Lahore

In order to determine whether a city is suitable to buy a flat, a number of factors count which includes a sound infrastructure, its resources, environment, job opportunities, law and order situation, health and education, sports and recreation. With this measuring yard, Lahore stands at the top of the list. Over the past couple of decades, there has been a tremendous upsurge in demand for apartments in Lahore mainly because of urban sprawl. Moreover, the speedy development of Lahore and ongoing massive projects on the part of the government have caught the attention of many investors and developers to come up with heavy investment. The newly started state of the art projects will certainly be a very good addition to the most modern living standards in the city. Hence the city has become the best choice for both the investors and the end users.