Lahore is considered one of the prime cities for real estate investment in Pakistan. The bustling metropolis, which was once an imperial city at the heart of the Mughal Empire, is not just a popular tourist destination but also boasts modern infrastructure surrounded by natural beauty. What’s even better is that it also offers a wide range of housing options for every budget. In fact, if you are looking to buy a home, you can find 1 kanal houses for sale in Lahore under the budget of PKR 4 crore.
Top Areas with 1 Kanal Houses for Sale in Lahore under PKR 4 Crore
These areas appeared to be the most popular among homebuyers looking for 1 kanal houses for sale in Lahore under PKR 40 million, according to the user behaviour observed on Zameen.com during the first six months of 2019.
As per the table above, State Life Housing Society, Wapda Town
Here’s an overview of the popular localities, price trends and facilities available in the top three areas in the list.
State Life Housing Society
As per the data compiled in August 2019, State Life Housing Society appears to be the most popular area with 1 kanal houses for sale in Lahore within the price range of PKR 40 million. On average, you can buy a 1 kanal house in State Life Housing Society for PKR 3.3 crore.
The private residential society, which was established for the employees of State Life Insurance Corporation of Pakistan, is located near Lahore Ring Road, Kamahan-Lidher Road and Bedian Road. It has been divided into two phases, namely State Life Phase 1 and State Life Phase 2, the latter of which is currently under development. Along with offering a range of affordable accommodation, State Life Housing Society Lahore also provides its residents with a secure environment and latest facilities.
It is also one of the most searched areas to buy property in Lahore on an overall basis.
The starting price of a 1 kanal unit in State Life Phase 1 is PKR 2.5 crore. Mostly, these houses include four to six bedrooms with attached bathrooms, servant quarters and a parking space among other amenities.
Owing to its proximity to Ring Road, the residents of the area enjoy easy access to public transportation and can reach other parts of Lahore within a few minutes. Each block in State Life Phase 1 has its own mosque and park. You can also find general stores and other shops throughout the neighbourhood.
Some of the most popular schools in the area include a campus of Beacon House School, Lahore Grammar School, Little Angels Public and Darul Hikmat High School. Lahore Leads University and Lahore University of Management Sciences are also located in the vicinity. There are also quite a few clinics and hospitals located at a short distance from Phase 1 of State Life Housing Society. Moreover, residents also have access to a number of restaurants, beauty salons and fitness centres in and around the housing scheme.
Block A, B and E of State Life Phase 1 are among the top localities to buy 1 kanal houses under the budget of PKR 4 crore.
Wapda Town is one of the most sought-after residential areas offering 1 kanal houses for sale in Lahore under PKR 4 crore, as per the user behaviour. You can buy a 1 kanal house in Wapda Town for PKR 3.9 crore on average. The prices of homes in this housing scheme are slightly higher than other areas on the list due to its prime location, beautiful landscape and luxurious accommodation options.
Located on Main Khayaban-e-Jinnah Road and near M2-Motorway, Wapda Town was originally set up in 1978 for the employees of Water and Power Development Authority (WAPDA). However, anyone can now buy property in this upscale housing society offering top-notch civic amenities, 24/7 security and countless recreational facilities. Wapda Town comprises three main phases: Phase 1, Phase 1 Extension and Phase 2. Owing to the development and facilities available in the area, Phase 1 is the most popular locality to buy 1 kanal houses under PKR 40 million.
The starting price of 1 kanal units in Wapda Town Phase 1 is PKR 2.5 crore. Furthermore, most 1 kanal properties are located in blocks K-1, J-1, F-1, E-1, D-2, H-2 and H-3. These houses generally have four to six-bedroom depending on the number of floors. Most of these are also fully or partially-furnished and come with a front lawn or garden.
To make public transportation accessible for the residents, Wapda Town Phase 1 has four bus stops, including one in Block E-2, Abu Bakar Chowk Daewoo Bus Stop and Wapda Society Office Bus Stop in Block F-2, and College Stop in Block D-3. Rickshaws, taxis and other ride-hailing services are also readily available in the area.
Some of the most renowned educational institutes in the area include The City School, Lahore Grammar School, Beacon House School, Allied Schools and The Lahore Garrison Junior School along with the society’s own Wapda Town Girls High School. Govt. Degree College for Women and Wapda Town Women College are also located within Wapda Town, with a number of prestigious colleges situated at a short distance as well. The University of Central Punjab, Bahria University Lahore Campus and Lahore Leads University are among some of the universities located in the vicinity of the upscale residential area.
There are also a number of private clinics, hospitals, pharmacies, parks, retail outlets, general stores and eateries present in each block of Wapda Town Phase 1 in Lahore. Every block also has its own mosque.
Valencia Housing Society
Named after the beautiful city of Valencia in Spain, Valencia Housing Society is considered one of the most luxurious gated communities in the city. It is also a popular area offering 1 kanal houses for sale in Lahore. The average price of 1 kanal homes in Valencia Housing Society is about PKR 3.5 crore.
This project in Lahore offers ready-to-move-in housing options along with world-class amenities. This residential scheme is also extremely environmentally friendly as every block features green spaces for a relaxing environment. The LDA-approved housing society boasts wide roads, separate commercial areas, underground cable system
Valencia Housing Society is divided into 24 blocks, of which Block B, Block E and Block J have the highest number of 1 kanal properties available for sale.
Known for its prime location, this residential scheme is close to Wapda Town and NFC Society. Rickshaws and ride-hailing services are also easily available in Valencia Housing Society. The area also houses several spacious and beautiful mosques, including Valencia Town Central Masjid and Khizra Mosque located in blocks C and H1 respectively. Some of the most notable schools in Valencia include American Grammar School, Lahore Grammar School Valencia Town, Beacon House School, Academia de Averroes School, Leaders Canadian School and Little Gems Montessori School among others. Meanwhile, University College of Medicine and Dentistry and the University of South Asia are also located nearby.
Two medical facilities, namely Hameedah Memorial Hospital and Rehana Mushtaq Heart Clinic are also located in Valencia Housing Society. As far as shopping and dining are concerned, the area is home to a number of retail outlets, shopping centres, restaurants, cafes and bakeries. Every block in this society also has a park with children’s play area, making it an ideal place to raise a family.
Sui Gas Housing Society is yet popular option to buy 1 kanal houses in Lahore. It is known for offering its residents an urban infrastructure with the latest amenities. The average price of 1 kanal houses for sale in Sui Gas Society is PKR 3.8 crore. Phase 1 of this contemporary housing scheme is located near Defence Lahore while Phase 2 is situated on Sharif Medical City Road.
Meanwhile, if you’re looking for 1 kanal low-cost houses in Lahore, the average price of such units is PKR 2.1 crore in Bahria Orchard. According to local real estate agents, the reason behind these slightly lower prices is that the houses constructed by Bahria Town are available at an economical rate. Bahria Orchard Phase 4 is the most popular locality in the project.
Another name in this range with good housing options in Lahore is Township. The average price of 1 kanal houses for sale in this area is PKR 3.7 crore.
Meanwhile, if you are looking to invest in a smaller home, you can buy a 5 marla house in Lahore under PKR 90 lakh. You can also check out our list of top areas to buy 10 marla houses under PKR 2 crore in Lahore.
However, in case you’re still unsure about which area would be the best for buying houses in Lahore, take a look at our H1 2019 Lahore Property Market Report for a better understanding of the city’s thriving real estate market.
Stay tuned to Zameen Blog, the leading proprty blog in Pakistan, for more information about where to buy real estate in Lahore and other parts of the country. Moreover, we will be covering a range of different property types available in varying price ranges across the country.