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Buying a Plot in Gujranwala

Gujranwala, also known as the City of Wrestlers, is located in a district of the same name and is surrounded by the seven smaller towns of Wazirabad, Qila Dedar Singh, Nandi Pur, Khiali Shahpur, Aroop, Nowshera Vikran, and Kamoke. Some of the bigger cities nearby include Lahore, Sialkot, Faisalabad and Gujrat. With the rivers Ravi and Chenab located in its vicinity, the city has a rich agricultural background. However, the industrial sector is also booming, with a range of products being produced locally for domestic as well as foreign trade.

Types of Plots in Gujranwala

While buying a home is always a tough decision, purchasing a plot is even more so. When buying land, you not only need to determine the location and size being offered but also the type of construction that is allowed in that particular locality or strip of land. Some people wish to build a two-storey bungalow, while others want to construct all the rooms on the same floor. Alternatively, some buyers might wish to have an open floor living plan, while others might want to divide the property into multiple small rooms.

When it comes to buying a plot in Gujranwala, there is a lot to consider, especially if you are planning to purchase the land in one of the modern gated communities. The reason for this is that such communities often have strict guidelines as to how the home’s exterior should be. For instance, building plans might be rejected without having an open veranda on the first floor if that is how all the houses on a particular street are being built. Even using a different construction style or materials can be problematic in some cases.

In Punjab, however, the concept of owning land or a plot is more common as compared to apartment living. Thus, regardless of what area specifications and size you may need, you are sure to find land that meets your needs. 1 to 5 Marla plots for sale are available in Gujranwala as well as larger ones in which 10 Marla plots are most popular. Housing schemes that you can also consider are Citi Housing Society and Wafi Citi Housing Scheme, both of which offer a large variety of plots.

Sale Price Trend for Plots in Gujranwala

When buying real estate, price trends are an important consideration. Gujranwala’s plot prices for a 3 Marla plot are between PKR 3.75 lakh and 21.74 lakh. Meanwhile, the price index for a 5 marla land are dipping, and land of this size can be bought for as little as PKR 1.4 lakh or as much as PKR 23 lakh. Price trends for 10 Marla plots in Gujranwala are between PKR 2.48 lakh and 45 lakh. The cost of 1 kanal plots ranges from PKR 4.5 lakh to 1.5 Crore, while a 10 Kanal plot can cost you around PKR 45 lakh. The asking price of the plot varies, however, based on its surroundings. A plot in a newly built residential community will generally be costlier as it comes with amenities that will be available to you once you build your house and move in.

The biggest concern with plot buying is considering your finances. Many people choose to invest in plots for long-term prospects, hoping to sell them off at a later date. However, if you wish to build and live on the land you are buying, then you need to consider how much finance is available to actually buy the property first. Keep in mind that further expense will be needed to actually construct the house. Investing in land is also ideal for those who have plenty of time to spare and are in no hurry to move homes. This is because while you may find good contractors and get a floor plan approved in no time, it will still take some time for the structure to be in a condition for you to call it home.

Schools, Universities & Hospitals in Gujranwala

While Civil Hospital and Allama Iqbal Memorial Trust Hospital are present in the city, Shaukat Khanum Memorial Cancer Hospital also has a branch here to cater to more serious illnesses. From City and Beaconhouse school branches to campuses of the University of Punjab and Allama Iqbal Open University, the city offers good quality education to its citizens.

Facilities & Security in Gujranwala

Families can enjoy picnics near the river banks or in the parks spread out over the town. Some of these are Model Town Park, Gulshan Park and Jinnah Park. In addition to the entertainment opportunities found within city limits, the housing project that you choose to buy a plot in will offer you several benefits. From close proximity to parks, mosques and hospitals, to well-paved roads and CCTV-monitored and secured public spaces, a modern and newly developed real estate project has a lot more included in the deal.

Shopping & Restaurants in Gujranwala

Gujranwala’s residents enjoy life in a busy metropolis, with access to all the latest brands for shopping in the city’s Pace Mall and King’s Mall. With the trendiest eateries to satiate their taste buds, the locals can enjoy all types of cuisine here, from fast food to Chinese. Two of the famous eateries are China Citi Restaurant and Bundoo Khan, for Chinese and Pakistani cuisine respectively. Movie lovers can head to Cinepax Cinemas in King’s Mall if they wish to watch the latest blockbuster.

Reasons for Investing in Gujranwala

Investing in real estate is always a viable way to make money as the industry is booming. With house prices rising in Gujranwala, investing in a plot is the ideal move if you wish to make a long-term investment. While the venture might be even more profitable if you develop property on the land before selling it out after a few years, even selling the land alone will bring you considerable profit in a developing housing scheme. For those who want to build the house of their dreams, buying a plot is always the best way to go. In spite of restrictions in terms of floor plans and size, building a house from the ground up, allows you to customise it as per your preference.

Whether you want to move the entire family to Gujranwala and provide them with a customised modern home, or you simply want to ensure that you have money invested in a venture that will give you considerable returns, buying a plot in Gujranwala, is ideal for you. Considering the variety of plots available all over the city, buyers can easily find a plot that is suitable to their needs.