Al Rehman Garden, Lahore’s Phase II is its most active phase. It is also its most popular phase as is evidenced by Zameen Search Trends for plots in Lahore and trends in Al Rehman Garden itself. Phase IV, another active phase has reached a stage of maturity and 70% of the houses have been constructed there. So, it is not something that may interest either the investors or genuine buyers much. Phase II, meanwhile, is still expanding, developing and evolving – attracting buyer interest.
Situated on Sharaqpur Road, near the Faizpur Interchange, Muhammad Anas of Malik Hadi Estate Builders felt that it is the best and most popular housing schemes in the area, attracting genuine buyers particularly in its Blocks A, B, C, and D, which are already highly populated. More than 6,000 houses have been constructed and these blocks have shops, parks, mosques, hospital and schools as well. The developers even constructed their own power plant, providing round-the-clock electricity in the new blocks.
What should genuine buyers know about Al Rehman Garden?
Its old blocks, particularly Blocks A, B, C are a great deal if they fall within your budget. As already explained, these blocks have a host of amenities that fulfil most of the daily needs of the residents—schools (managed by LGS administration) and hospital in the phase as well.
According to an experienced real estate consultant in the area, these are also the favourite for genuine buyers because WAPDA connection is available there. The other blocks are provided electricity by Al-Rehman Garden. Gas connection has been applied for – demand notice has been submitted, according to the housing scheme administration – however, it is yet to have a gas connection.
In general, if you are looking for a house in Sharaqpur area or its neighbourhood, this will be one of the best options for you to consider for living, particularly in Blocks A, B, C, and D, and other blocks near these, which are completely developed.
What investors need to consider before investment
The market in Al-Rehman Garden is good, all things considered. According to the various experts interviewed, it has a good market, there is a steady stream of investors interested in it and the prices have seen slow but steady appreciation even during the rather dull market of the past year.
On the other hand, the development has been rather slow in the newer blocks. The main boulevard is yet to be extended to the new blocks, however, other work within each of these new blocks is being done. Roads have been completed – but not carpeted. Possession is available everywhere but construction, according to one expert, is not going to be possible in some of the new blocks yet. No one would really want to live there, he felt. For any investment to be feasible in the newer blocks of O, and P, it would have to be medium term and good returns can be expected in that time.
Are you looking to buy a plot in Al-Rehman Garden Phase II? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Zameen Forum for a more detailed conversation.