Commercial property refers to buildings, land, or any space that is used for performing business activities. A commercial property can be a mall, grocery store, office, industrial estate, or retail outlets. Before investing in commercial properties in Lahore, it is important to understand the market to make intelligent and informed decisions. The location of the property should be given priority as this factor can turn your property into gold.
Lahore is a fast-growing city and the Government of Punjab has spent a hefty amount on improving the city’s infrastructure. The real estate sector of the city is growing immensely and new state-of-the-art and modern developments have recently emerged. The demand for high-rise and mix-use projects are increasing, including Pace Circle, Zameen Quadrangle, Zee Avenue, Square One, Al Hayat Center, City Star Shopping Centre, and the Grand Square Mall.
Where to buy commercial property for sale in Lahore?
Lahore has many options available for buying commercial properties. The options offered by the second largest metropolitan city can be overwhelming. Some of the best areas to invest in commercial property in Lahore include the Defence Housing Authority (DHA), Bahria Town, Raiwind Road, Gulberg, Bahria Orchard, and DHA Rahbar. These are considered among the most posh areas of the city and offer a variety of options from shops, retail outlets, plots, mixed-use projects, buildings, and offices. Most of the areas are well-planned and have separate commercial zones within the residential area. Apart from these, you can also find commercial properties on Upper Mall, Lower Mall, Ferozpur Road, Link Road (Model Town), and Johar Town.
What are the types of commercial properties for sale in Lahore?
When looking for a commercial property for sale in Lahore, you have several options and locations to explore from. You can buy a shop for sale in Lahore, a plaza, or a building for sale in Lahore, or you can also buy a commercial plot for sale in Lahore, and construct according to your needs and preferences. Various localities are also offering office spaces for sale in Lahore.
What is the Sales Price Trend of commercial property for sale in Lahore?
The price of a commercial property is higher than that of residential properties. These prices differ due to various reasons, including location and the size of the area. You can get a reasonably priced 5 Marla commercial property for sale in Lahore, but the price varies a lot as the location changes. The price can be determined as ‘per marla’ or ‘per sq ft’ in Lahore. The price of a commercial property can start from PKR 5 lakh per Marla. When considering buying a commercial property in Lahore, it is important to know the purpose for which you want to purchase a commercial property.
Salient Features of Buying Commercial Property in Lahore
When making a decision of buying a commercial property some of the factors that should be considered include:
Why invest in commercial properties in Lahore?
Buying a commercial property has its own pros, as owning one allows you to establish it as a source of income that may yield higher rental earnings — when compared to a residential property. Besides rental income, a commercial property is a strong source of capital growth and tends to carry a lesser overall risk.