Lahore, the birthplace of famous personalities like Imran Khan, the prime minister of Pakistan and former international cricketer, is also known as the ‘City of Gardens.’ With projects like the Metro Bus, Orange Line Train and Ring Road Lahore, the megacity is rapidly developing, in terms of infrastructure. Also, Lahore, after Karachi, is the second most important financial hub of the country. The city’s economic and infrastructural progress has particularly helped boost the real estate industry. Therefore, buying property in Lahore, both residential and commercial, can be profitable for prospective investors. One of the best places in the city, for the purpose of investment, is a society located on Ferozepur Road, Pak Arab Housing Society, which is offering a number of commercial plots for sale.
The plots for sale in Pak Arab Housing Society (PAHS) are available in different locations and sizes. The society is divided into different phases, like Phase 1, Phase 2 and so on. It has a commercial boulevard on the main road of PAHS, where several shops, bakeries, medical and general stores are situated. You can either buy a plot on the commercial boulevard or opt for any of the phases in the society as they are available in various sizes starting from 5 marla onwards to 2 kanal or more.
Depending on what the location can offer, in terms of utilities and facilities, each plot is priced differently. In Pak Arab Housing Society, the sale price of 5 marla commercial plots starts from 20 lakh, going up to 1.4 crore. With the increase in sizes, the prices also increase. Thus, you can expect a 10 marla or 1 kanal plot to be even more expensive than 1.4 crore. It’s understandable because a larger plot can be used to set up a bigger business like a café, restaurant, shopping mall, school, etc.
PAHS is a gated community that is protected by on-duty guards, 24/7, and has all the necessary facilities in the vicinity usually required by businesses. The society has a number of banks, such as Muslim Commercial Bank and United Bank Ltd, while the ones nearby include Allied Bank Ltd, Summit Bank and Apna Bank. All of the banks offer ATM service, so buyers and sellers can conveniently carry out their day to day transactions. Since a large part of the society’s residential area is already occupied, gas, electricity and water supplies are all active. Added to this, the society has shopping malls, restaurants, mosque, community center and healthcare facilities too.
There are many famous shops, bakeries and restaurants here, which is yet another factor that attracts potential buyers. These shops include KS Mart, Amna’s Collection, Al Ramzan Super General Store, Abuzer Bakery & Sweet, Al Jannat Milk Shop, Chohan Super Store, etc. The restaurants nearby are Grill 2 Night Restaurant, Al Madina Restaurant, Hot Spicy Zinger Fast Food, Dawat Restaurant, Haq Bahoo Foods, and Chaman Ice Cream among others
The real estate market in Lahore is booming. Therefore, investing in commercial property, especially in a prime location like PAHS, can be highly profitable. The sale price of properties in the area is most likely to increase in the future, so, there are more chances of receiving a high ROI on whatever you buy now and sell later. Investing in a commercial plot, instead of a residential one, could be far more financially rewarding for investors as they can set up businesses like a shop, restaurant or café and continue making money.
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