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Buying a Plot in Lahore

Pakistan’s second largest city, Lahore, is often listed among the most populous cities of the world. Due to its rich history and culture, it is said to be the heart of the country, having a population of 11,126,285, according to the 2017 census. Also, the city is known for being one of the richest in Pakistan with a GDP of $127 billion (purchasing power), as of 2017.

Lahore’s vibrant culture is an exemplary amalgamation of music, food, festivals, politics, literature, art and language. It is also the hub of Pakistan’s publishing industry. Lahore Literary Festival is held annually in the city, which is one of the most important cultural events in South Asia. The event centres around music, politics, writing (fiction and nonfiction), architecture and films.

The latest developments in the city by the Government of Pakistan over the past decade have significantly impacted the real estate in Lahore. Various amendments in law, changes in federal budget and property investment trust have helped convince people to invest more in properties here. Meanwhile, builders are frequently launching new projects in the city to meet the increase in demand for residential properties. However, a majority of those projects can be found in the suburbs of Lahore. The land near the airport, Ferozpur Road and main Raiwind Road is available for sale. The plot prices near Ferozpur Road and Raiwind Road are quite affordable with a flexible payment schedule. Plots in Lahore within schemes in these locations may provide a high return on investment in the coming years. However, it comes down to the buyer, ultimately, to decide where to invest their money after thoroughly researching the pros and cons of an area.

Housing schemes like Bahria Town, DHA, Central Park Housing Scheme (CPHS), New Lahore City, Bahria Nasheman and DHA Phase VIII are among the top projects, offering world-class infrastructure, facilities and lifestyle. Thus, buying a plot in Lahore within these projects might prove profitable in the future.

Types of Plots in Lahore

The gated-community of Bahria Town, DHA, Bahria Nasheman, New Lahore City, Central Park Housing Scheme and DHA Phase VIII have a number of available plots, ideal for residential and investment purposes. You will find many plots within your budget, but not every scheme offers a luxurious lifestyle and amenities like the aforementioned projects.

The sizes of the residential plots in Lahore are usually 5, 8, 10 marla and 1 and 2 kanal. However, different areas or housing schemes in Lahore might have different categories ranging between 5 marla to 2 kanal.  Sizes of residential plots in Bahria Town, Lahore, are 5, 8, 10 marla and 1 and 2 kanal. There are 6 sectors among which Sector A is highly preferred, because of its locality. However, in terms of size, Sectors E and F are the largest. These two are also considered to be the most important ones owing to the direct access to Multan Road and Canal Bank.

Defence Housing Authority, one of the top locations in Lahore, has mostly larger plots of land on sale. There are 9 divisions of DHA Lahore, including Phase I, Phase II, Phase III till IX.  From Phase I to V, you shall find 10 marla plots, 1 kanal and 2 kanal plots, for the most part. These two phases are inter-connected and, for the most part, occupied. A large number of houses here have already been constructed and possessions have been given to the respective owners. Different phases in DHA Lahore have their respective exits and entrances. Its Phase VI has residential plots of 10 marla, 1 kanal and 2 kanal and is close to the airport and to the Southern Loop. Rest of the phases in DHA Lahore have 5 marla to 2 kanal plots for sale.

Bahria Nasheman, a beautiful project by Bahria Town, offers affordable residential plots in its 3 sectors, namely Zinia, Iris and Sunflower. The Zinia sector has 8 marla plots, whereas Iris and Sunflower have 8 and 5 marla plots. The total number of residential plots here is around 1100. Another big residential project is Central Park Housing Scheme, spread over 9500 kanal of land. At Central Park Housing Scheme 5 marla, 10 marla, 1 Kanal plots and 2 Kanal plots can be bought at a small down payment. You can pay in easy instalments within 4 years.

When buying a residential plot, genuine buyers usually seek the perfect location that fits their budget as well. These housing schemes not only cater to these requirements but also promise a quality lifestyle. For instance, New Lahore City that has installed a state-of-the-art security system for the safety of its residents. The project has 5 and 10 marla plots with flexible payment plans that can be acquired at a 25% down payment. Moreover, you might want to consider buying a plot in Lahore DHA Phase VIII. The development plan in this scheme is different and unique. This project is divided blockwise into 36 parks, having residential plots of distinct sizes, i.e. 2 kanal, 1 kanal, 10 marla, 8 marla and 5 marla plots.

Sale Price Trend for Plots in Lahore

Prices of residential plots primarily depend on the value of a particular location. On an average, the price index of a 5 marla plot for sale in Lahore ranges between PKR 5 lakh and PKR 75 lakh. However, in DHA Phase VIII 5 marla plot prices are between PKR 29 lakh and PKR 1.03 crore. Prices of residential plots in DHA Phase VIII are comparatively high and are expected to increase further by 35-45% in future. The prices of 5 marla plots in Bahria Town range between PKR 25 lakh and PKR 2.5 crore. The huge difference in prices of plots is due to the locality and facilities nearby.

Prices of 8 marla plots in Lahore can vary considerably. For instance, in DHA Phase VIII, it will be around PKR 60 lakh to PKR 1.1 crore. The price of Central Park Housing Scheme plots of the same area size ranges between PKR 25 lakh and PKR 50 lakh. In Bahria Nasheman, it’s between PKR 40 lakh and PKR 1.1 crore and in New City Lahore, it could be PKR 35 lakh. In Bahria Town Lahore, the lowest price can be PKR 40.5 lakh and can go as high as PKR 1.2 crore.

For 10 marla plots, the range is more or less between PKR 23 lakh and 1.02 crore in Central Park Housing Scheme. In DHA Phase VIII, however, it can start from PKR 45 lakh and can go as high as PKR 1.7 crore. The 10 marla plot price index in DHA Lahore vary between PKR 35 lakh and PKR 3.25 crore. For Bahria Town Lahore, you need to have a budget of at least PKR 26.5 lakh and PKR 2.25 crore, in case you’re looking for a bigger property. In New City Lahore, the prices range from PKR 35 lakh to PKR 65 lakh.

However, prices of bigger plots like 1 and 2 kanal are much higher. For instance, the price for a 1 kanal plot in Central Park Housing Scheme starts from PKR 48 lakh, going as high as PKR 1.32 crore. Prices of 2 kanal plots in the scheme range between PKR 1.45 crore and PKR 1.65 crore.

1 kanal plots in Bahria Town Lahore could cost you between PKR 58 lakh and PKR 5 crore in its Sector C. Meanwhile, the range for 2 kanal plots is PKR 45 lakh to PKR 6.5 crore.

DHA plots are more expensive than others. 1 Kanal plots here are available in the price range of PKR 1.75 lakh and PKR 13.5 crore. For 2 kanal, the numbers vary between PKR 80 lakh to PKR 11 crore.

Schools, Colleges & Universities in Lahore

There are a number of educational institutes in Lahore, especially Bahria Town, that provide quality education. The top names include Beacon House School, 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, etc.

Similarly, around DHA Lahore, you shall find top-notch education providers like 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, Lahore University of Management Sciences and many others.

In the vicinity of Bahria Nasheman, you shall find big names that include Aims Cadet Group of School, Johar Institute of Professional Studies (JIPS), Lahore Grammar School, Central Park Medical College, Lahore Oxford Grammar School, University Engineering College and etc.

There are renowned educational institutes near New Lahore City, namely COMSATS University, Beaconhouse School (Bahria Town Campus), PakTurk International Schools and Colleges (Dream Gardens Campus) and The Knowledge School (Kaiwan Campus).

Lahore Grammar School, Lahore Oxford Grammar Schools, TCF School, Aims Cadet Group of Schools, Central Park Medical College, MOJ College of Science and Commerce and University Engineering College Lahore are located within and near Central Park Housing Scheme.

Facilities & Security in Lahore

Almost all of Lahore’s finest housing societies — Bahria Town, DHA Phase VIII, Bahria Nasheman, New Lahore City, DHA Lahore and Central Park Housing Scheme — offer a number of good facilities and resilient infrastructure. In these areas you’ll find well-trained security staff, power backups and, in some cases, even grid stations.

Each housing project has mosques, green lush parks and playgrounds for children, which further adds to the value of residential properties.

Shopping & Restaurants in Lahore

Lahore does not disappoint when it comes to leisure. In fact, so many people, both from across the country and the world, travel to the city to experience its culinary delicacies. Some of the most-recommended names include Howdy, Manahil Fried Chicken, Mehfil Restaurant, Crosta11, McDonald’s, The Pizza Shop, Jammin Java Café, Lazzat Hotels and Café, Flames Grill n Bar, Fri-Chicks, City Café and Grill, and Gaia Japanese.

The city’s finest housing schemes have many shopping places near and within the projects. Case in point: Near Bahria Nasheman, you can find Mall of Lahore, Green Valley Supermarket, Salam Square, Scribble and Al- Doha Shopping Mart. In DHA Lahore, you can visit Europa Shopping Mall, Alfalah Shopping Center, AR Plaza, CH Nawaz Centre and Hassan General Store.

The famous Safari Mall and Salam Square are situated near New Lahore City. There are various options in the vicinity of DHA Lahore, but the closest ones are Al-Fatah Local and Usman Shopping Mall.

Reasons for Investing in Lahore

The city of Lahore is developing rapidly and so is its real estate industry. Whether you want to buy a plot for constructing your home or for the purpose of investment, almost all the new housing projects in Lahore are ideal, as constructing a house in Lahore, in the new societies, especially, will get you access to 24/7 supply of electricity, safety and security as well as an extravagant lifestyle. The prices of residential plots have increased significantly over the past 3 years, e.g., the price of a 1 kanal plot in October 2016 was PKR 17,667,000 and by October 2018, it reached PKR 18,108,000. The plot prices are expected to rise further in the future, making Lahore worth your investment.