Why Buy and Sell a House in Lahore

Lahore, the capital of Punjab province, is the second most populated city in Pakistan. It is also among the most prosperous cities in the country and contributes to over 11 percent of Pakistan`s Gross Domestic Product (GDP). It is the 18th largest city in the world. Lahore is also the center of economic activities with an estimated GDP of $80 billion. It is the largest city and historic cultural center of Punjab and is one of Pakistan's most liberal and dynamic cities in Pakistan. Lahore was declared the capital of Punjab province right after the creation of Pakistan.

The history of Lahore traces back somewhere between the 1st and 7th centuries A.D. The people of Lahore strongly believe in uniqueness and rightly claim that 'Lahore is Lahore'. The city exercises a strong social and cultural impact on Pakistan. Lahore has been the traditional capital of Punjab for a thousand years. This distinguished position still holds in today`s Pakistan. Lahore remains to be the center of Pakistan`s literary scene, publishing, and film industry and a major center of educational activities. There are a large number of educational institutions, gardens, and some of the finest historic constructions in the city. The city as we know it as Lahore today developed rapidly during the Mughal Dynasty, especially under the rule of Akbar who made it his capital.

During the last couple of decades, real estate especially houses for sale in Lahore sector has flourished enormously in Pakistan. Lahore being the provincial capital having reasonable access to basic facilities has witnessed a significant trend of migration.

Lahore undoubtedly is one of Pakistan’s unparalleled and real urban areas. Several people come from different regions of Pakistan to reside here due to the best residential amenities available. This scenario resulted in an overall increase in the demand and thus the price of houses in the city. This ever-increasing demand coupled with government policies has resulted in the emergence of so many housing societies and projects in the city. Ultimately Lahore is witnessing the emergence of a number of new housing projects. One may find all kinds of properties according to their constraints and affordability depending on the location and nature of the project. The real estate market in Lahore is at its best and a great return is expected out of any form of investment in the city. There are many housing societies such as Bahria Town, DHA, Ali Town, Askari Housing, Wapda Town, and Pak Arab Housing Society offering brand new big beautiful houses.

Types of Houses for Sale in Lahore

The Defense Housing Authority is one of the best housing schemes in Lahore. A well-planned society has twelve phases with every next phase much better than the previous one, neat and clean atmosphere, lush green parks, wider roads, and beautifully planned markets, the society has a lot to offer. There are 12 phases in DHA Lahore ranging from Phase I to Phase XII. Phase 1 to Phase 7 is completely developed. There are available 5 Marla,7 Marla, 8 Marla,10 Marla,1 Kanal and 2 Kanal houses for sale in different phases. The newly built phases are comparatively cheaper and more suitable especially for investment compared to the older and more developed ones.

Bahria Town Lahore, as everybody knows is a brand that ensures all the comforts that altogether change the living standards. The best thing about Bahria Town Lahore is its sparkling atmosphere, scenic beauty, much wider roads, community centers, entertainment and recreation, Bahria Town has no match. You can enjoy life in fully furnished houses. The society is located closer to the Motorway from where you can easily travel outside the city as well. There are standard schools and hospitals and all the facilities that you may seek in any society are available in Bahria Town Lahore. This gated community can be accessed from different routes mainly from Ring Road. If you are looking houses for sale in Bahria Town Lahore , make sure to contact some reputed local realtor or take the help of a property portal to ensure a favorable deal. There are six sectors in the society, A, B, C, D, E and F comprising of 5 marla,7 marla, 8 marla, 10 marla houses.
Lake City is yet another scenic community situated on Riwand Road. Spanned over an area of 2400 acres this project offers an unparalleled serene environment. It is becoming famous day by day. Lake City is divided into 7 sectors. Popular amenities in the housing society include a swimming pool, clubhouse, golf course, and malls. The artificial lake, green landscapes, and numerous parks at Lake City Lahore reflect a nature-friendly living style. Thokar Niaz Baig is at a distance of 12 KM. Houses are available in Marla sizes 10, 12, and 14, 1, and 2 Kanal which suit larger families. Al Raheem Garden is another considerable society near the airport and Metro Orange Train Station. The project has a number of houses constructed in areas of 3, 5, 6, 8, and 10 Marla houses for buy and sale in Lahore on installments. Model Town and Wapda Town are also very popular residential areas in Lahore.

Sale Price Trend for Houses in Lahore

As for as the price of houses in Lahore for sale is concerned it varies according to location, size, and amenities available in the house. The value of houses also depends upon the basic facilities provided by the developers mainly the health and education facilities and a reasonable security system. The houses are usually available with an easy down payment and an affordable installment plan. The top few areas where people are looking to buy houses for sale DHA Lahore and Bahria Town. Almost all the societies discussed above have the basic amenities available. It is therefore highly recommended that buying a 5 or 10 marla and 1 kanal house within these societies could be very much suitable even from an investment point of view.

A 3-marla houses are usually not available in mainstream societies like Bahria Town and DHA. However, in the housing schemes like Omega Homes, it is worth 40 to 45 lacs and in Pak Arab Housing Society upto 70 lacs. A 5 marla house for sale in Lahore at Bahria Town costs 10 to 12 million and in DHA and Wapda Town 14 to 16 million. Ten Marla Houses in Bahria Town and Wapda Town from 19 to 23 million and in DHA up to 28 million. We can also buy a 10-marla house in Askari Housing up to 25 million and in Pak Arab Scheme up to 28 million. A 1 kanal house in Bahria Town is worth 40 million and in DHA it is from 44 to 57 million. In Wapda Town 1 Kanal house is available for Rs 45 million. In Askari Scheme and Pak Arab Housing Scheme up to 32 million.

Educational institutions in Lahore

Since Lahore is the educational and cultural hub of Pakistan. It has some of the best educational institutions in the country. People from all over Pakistan visit Lahore for education and training and even to find the best academies for the preparation of competitive exams. In all the areas around these housing societies and even in the outskirts of Lahore, we find the best institutes in the government as well as the private sector. The English system school like Beacon House, American International School, American Lycetuff School Ace school system, Aitcheson College, Punjab Group of Colleges, and Superior Group of Colleges.

At the Higher Education level, we find Punjab University, University of Engineering And Technology, and COMSAT University among the best institutions. There are also many public sector Universities in related to accounts, medical and dental, education, pharmacy and nursing, and a lot more. Similarly, in the private sector, we find very many reliable universities accessible even from the outskirts of Lahore. A potential buyer always gives top priority to nearby educational institutes and living in the said housing schemes provides them a golden opportunity to equip their wards with the most modern education and training.

Historical Places & Tourist Spots in Lahore

Lahore can rightly be 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 architects, the mosque is situated just a few minutes walks 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 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 Iqbal Park and Changa Manga Forest.

Facilities And Security 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 Roshnai 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 Bahria 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. Green Valley Supermarket and the Lake City Shopping Mall to name a few.

Why Invest In Lahore

In order to determine whether a city is suitable to sell a house in Lahore. a number of factors count which include 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 houses 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 investments. 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 investors and the end users.