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Buying a Flat in Lahore

Known for its scrumptious food, lively culture, intriguing history and energetic people, Lahore is one of the most important cities of Pakistan. Minar-e-Pakistan, Badshahi Mosque, and Hiran Minar are some of the many famous landmarks found in the city.

Apart from the culture and food, Lahore is also known for its flourishing economy. The city is also referred to as Pakistan’s “industrial belt.” One other thing that sets Lahore apart is its administration’s continuous efforts to develop the city’s infrastructure — Azadi Interchange, Lahore Ring Road, Kalma Flyover and Underpass, Canal Road, MM Alam Road, and the Metrobus Transit System are some notable examples in this regard. The progress has, in turn, contributed to the growth of real estate in Lahore.

Property prices have considerably increased over the years and a large number of different construction projects are in the pipeline. A lot like other cities in the country, people in Lahore or planning to move there, usually prefer buying flats to houses as the former are comparatively more affordable and secure. The popular areas for buying flats in Lahore, include DHA, Bahria Town, Askari, Model Town, Johar Town, Ferozepur Road and Cavalry Ground. These areas of Lahore are counted among the city’s elite localities that offer a luxurious lifestyle to residents.

Types of Flats in Lahore

For small families and/or individuals living on their own, buying a flat can be a much more convenient option than buying a house. If you are hunting for an apartment in Lahore, then you’re in luck as the city offers a wide variety of flats and related schemes to choose from.

Bahria Town Lahore includes 6 sectors — A, B, C, D, E and F. In almost each sector you can find luxurious apartment societies, such as Park Lane Tower, Bahria Canal Heights, Jasmine Heights, JP Towers and Rijas Eiffel Heights, offering multiple 1-bed and 2-bed units as well as studio apartments.

Some of the best options for 1-bed and 2-bed flats for sale in Bahria Town Lahore are available in Bahria Canal Heights, in Sector D, and Rijas Eiffel Heights, a project located in Sector E.   

DHA is also worth exploring in this regard. Those seeking a lavish 1-bed or 2 bed apartment or a 3-bed unit in Lahore can buy a spacious home in Goldcrest Mall & Residency, situated in DHA Phase 4. As the name suggests, it’s a mall as well as a society for flats. You can find residential units on 5th-14th floors. In addition to studio apartments, the complex offers different types of suites here. For instance, type Suite A is a 3-bedroom unit, measuring a little over 6.5 marla, Suite B is a 2-bedroom space of a little less than 6 marla. Suites C and E both are smaller, 1-bedroom units.

Another fine example of flats in Lahore can be found in Air Avenue Luxury Apartments situated in DHA Phase 8. The project offers 2 to 3-bed luxury and super luxury flats for sale. The best part about this building is earthquake resistant. The area of these flats is between 3-8 marla.

Sale Price Trends for Flats in Lahore

The prices for apartments in Lahore mainly depend on the location, area, number of rooms, square feet area and facilities available in the vicinity. The minimum asking price of a studio apartment in a posh area like Bahria Town Lahore is PKR 22 lakh, whereas the price of 1 bedroom apartment falls between PKR 24 lakh and PKR 70.8 lakh. If you want to buy a 2-bed flat here, then it could cost you PKR 48 lakh-PKR 1.2 crore. The huge difference in rates also depends on whether an apartment is furnished or semi-furnished. The area, of course, is also a major factor in this regard.

In DHA Lahore, a 1-bed flat for sale ranges from PKR 45 lakh to PKR 1.8 crore. The area size is different and, therefore, the prices are different. The price of 2 bed apartments ranges between PKR 68 lakh and PKR 3.57 crore and the price of 3 bedrooms can be anywhere from PKR 1.3 Crore to PKR 5.12 crore. The prices of units, especially more than 1-bed flats, in this area are usually high. Another popular area where you can buy well-made apartments in Lahore is Askari. With the exception of a few, almost all the apartments in this locality can cost you over PKR 1 crore.

Schools, Colleges & Universities in Lahore

When people seek accommodation in any location, they also closely review nearby areas and the facilities available in the vicinity. People who have children try to make sure they are moving to a place where they have easy access to good schools and colleges. Fortunately, almost all the localities offering apartments have some of the finest schools either within their premises or in nearby areas.

Case in point: Within and near Bahria Town Lahore, you can find Beaconhouse, Bahria Town School & College, Mazen Schools, Unique High School & Academy, Allied School, Cadet College Lahore, Punjab College, Akhtar Saeed Medical & Dental College, Imperial College of Business Studies, The University of Lahore and a bunch of other institutes.

DHA Lahore has The City School- Alpha, Defence Public School, Lahore Grammar School, FWS and ROOTS MILLENNIUM School, Beaconhouse TNS, Suleman Dawood School of Business, DHA Degree College for Boys, Defence Degree College of Women, Lahore Garrison University, and Lahore University of Management Sciences among others.

There are a number of educational institutes in and around Askari Housing Society such as The Smart School, Army Public School, Lahore Grammar School, Hamdard Public School, The City School, Brains College, Fazaia Intermediate College, Gulf College of Business Management, Government Islamia College for Women, CMH Lahore Medical College, University of South Asia, Lahore Leads University as well as the University of Lahore.

Facilities & Security in Lahore

Bahria Town, DHA and Askari are all some of the many top class housing projects in Lahore. So, when it comes to infrastructure, amenities and security, homeowners in these areas need not worry about anything at all.

Bahria Town Lahore offers complete maintenance services to its residents. The apartments here have backup generators, 24/7 well-maintained lifts, and spacious car parking areas. The power supply is regular as they have set up their own grid station to avoid any sort of inconvenience. Also, to ensure residents don’t have to travel to the main city, in case of a health emergency, the housing scheme has established Bahria Town Hospital that offers all medical facilities.

When it comes to leisure, the society has its own zoo, cinema, restaurants, cafes, gym, salon and spa, Islamic library, parks and community centre. Residents can also visit miniature models of world-famous landmarks such as Eiffel Tower, Trafalgar Square and Ahram – e – Misar.

Bahria Town Lahore has taken extensive security measures for the safety of its residents. The security staff is properly trained and the society makes use of advanced technology to ensure it remains crime free. You shall always find security personnel patrolling the streets here.

DHA Lahore also makes the comfort and entertainment of its residents a top priority. You shall, therefore, come across at least seven parks in this area. Other than that, a majority of the apartment complexes in DHA Lahore implement fire safety measures, house a laundry shop, an in-house car washing space, fast speed elevators, spacious car parking, an indoor gym, a cafeteria and garbage disposal system.

Getting an apartment in DHA Phase 1, especially, can be even better as it has the most number of facilities such as sports clubs, community halls, and a library. Within the project, there is also a medical centre where you can easily find specialists in different fields of medicine and surgery. Residents here have access to cinemas, banks, a public library, and sports facilities.

Just like other famous housing complexes in the city, the security measures in DHA Lahore are also top-notch. Security guards here are always present on the entrance and exit points. The authorities have set up a neighbourhood watch system and, also, the Punjab police helps  maintain the law and order situation in the community.

Similarly, residents of Askari Housing Society Lahore have access to high quality amenities and security in their area. Each phase has its own sports grounds, parks, playgrounds, mosques, petrol pumps, jogging tracks, wedding halls and banquets. Some of the phases in Askari Housing Society have railway stations and even the airport nearby. For instance, near Askari Phase 5, you shall find International Airport Walton and Walton Railway Station. Near Askari Phase 2, you shall find Lahore Cantt Railway Station. Also, a large number of medical facilities are situated in and around different phases of Askari Housing Society. Some of the most well-known names include Government Shahbaz Sharif Hospital, Hijaz Hospital Lahore, National Hospital and Medical Centre and various others.

The security in Askari is as good as any of the top-notch gated communities in Lahore. Police stations are situated close to each of the phases in this housing society. As a result of the stringent security measures, you’ll find that the crime rate is considerably low in Askari.

Shopping & Restaurants in Lahore

When it comes to shopping and eating out options in Lahore, the list is never-ending. The city is, afterall, most famous for its food and markets. Pick any prime housing society and you’ll find a plethora of eateries and malls in and around the location.

For example, there are many shopping spots for the residents of Bahria Town Lahore. The Mall of Lahore, Salam Square and Scribble are few of the names worth mentioning here. For grocery shopping, residents can visit the famous Greenvalley Supermarket. Within Bahria Town Lahore, you can find some of the best restaurants and cafes in the city such as Jammin Java Café, Crosta11, Flames Grill n Bar, McDonald’s, Lazzat Hotels and Café.

DHA, being one of the most prominent residential areas of Lahore, has a variety of eateries and shopping options within its premises and in nearby localities. There are a number of malls, individual shops and shopping centres that include Europa Shopping Mall, CH Nawaz Centre, AR Plaza, Alfalah Shopping Centre and Hassan General Store. The place also does not disappoint when it comes to food. DHA houses branches of well-known restaurants and coffee companies, including Hardee’s, Gloria Jean’s Coffee, Tawa Tandoor City Café and Grill, Yum Chinese and Thai, and etc.

Askari Housing Society Lahore is in the middle of the city. So, when it comes to shopping and eating out, there are plenty of options. Each phase of Askari Lahore offers an extensive variety of restaurants such as Khyber Village, Peppers Takeouterant, Lahori Spice, What’s Paratha, La Belle Vie, Subway, Salt n Pepper Village, Pranzo Cena, etc.

Similarly, there are lots of options available for people who love to shop. Residents of Askari Lahore can visit places like Usman Shopping Mall, Pick n Pay, Ch Nawaz Centre, Creative Minds, Home Gadget Shop Pakistan, Hasnah Shopping Complex and Haven Shopping Mall among others.

Reasons for Investing in Lahore

There are many reasons to invest in the real estate market of Lahore. Whether people are looking for an apartment, a house or a lucrative investment deal, the city does not disappoint. Any sort of investment in Lahore almost always guarantees a high return. Over the years, the city has transformed to one of the biggest metropolises in the country. The latest developmental measures like the Metro Transit Bus system, Lahore Ring Road and the construction of other major roads and underpasses have all added to the value of the property market. Above all other facilities available in the city, government efforts to make the commute more efficient has made lives easier for the people of Lahore. This has, in turn, further increased the worth of real estate here, be it houses or apartments. Therefore, you can’t really go wrong while buying a flat in Lahore.