If you are looking for your dream home in Lahore’s real estate market, you might be able to find one that fits the bill, but there is always a chance that you might not get all of the features that you desire within a pre-built structure.
Want an alternative that ensures that you get the home of your dreams with all the amenities you require? Well, have you considered buying a plot in Lahore?
As real estate in Lahore has always been more focused towards houses as compared to apartments, there are plenty of opportunities in newly built communities for investors to buy a plot and build the house as per their needs. However, before making such an investment, you need to know about the best areas for buying plots in Lahore.
Top 5 Areas to Buy a Residential Plot in Lahore
As seen in the graph above, there are 5 major areas where most of the people are searching for plots for sale in Lahore for the month of January. Keeping this in mind, we’ll be discussing the options you have within one of these localities.
Sales Price of Residential Plots in DHA Defence
DHA Lahore remains the top area for buying residential property in Lahore and 27.7% of the plot buying searches are focused on this area. The most popular phases for buying a plot in DHA Lahore are Phase 7, 8 and 9 Prism, with Phase 7 having 21.3% of the total searches, while the other two have 20.8% and 18.6% of the searches respectively.
Buying land of 5 marla in Defence Lahore can cost you PKR 29 lakh to PKR 1.75 crore, while a 10 marlaplot can be priced between PKR 33 lakh to PKR 3.4 crore. A 1 kanal plot in this community can have prices between PKR 38 lakh to PKR 6.5 crore and a larger plot of 2 kanal can be an investment of PKR 85 lakh to PKR 11.5 crore.
Sales Price of Residential Plots in Bahria Town
Having 6.7% of the total searches in January, Bahria Town is the second locality in our list. Sectors C, F and E are the most searched for areas here, having 24.1%, 21.2% and 20.7% of the searches focused on them respectively.
Bahria Town offers a variety of plot sizes from 5 and 10 marla to 1 and 2 kanal for those who are interested in buying a plot in Lahore. Prices of these plots vary according to their sizes with a 5 marla plot being sold for PKR 20 lakh to PKR 1.2 crore. Similarly, the cost of 10 marla plots for sale is between PKR 27 lakh and PKR 2.9 crore, whereas a 1 kanal plot of land might be on sale for PKR 52 lakh to 3.75 crore. Bahria Town also offers 2 kanal plots with their prices ranging between PKR 1.5 to 5 crore.
Sales Price of Residential Plots in Bahria Orchard
The next area that is the most searched for when it comes to buying plots in Lahore is Bahria Orchard, having 3.5% of the searches directed towards it. The community’s Phases 2, 1 and 4 are the most popular for plot buying, with Phase 2 having 40.5% of the total searches. In contrast, Phase 1 had 37.5% and Phase 4 had 17.2% of the searches focused on them within January.
A 5 marla plot in Bahria Orchard can be on sale for PKR 10 lakh to PKR 59 lakh, while land of 10 marla can be priced at PKR 17 lakh to PKR 1.22 crore. Residential plots of 1 kanal in the area can be bought for PKR 73 lakh to PKR 1.45 crore.
Sales Price of Residential Plots in Lake City
Lake City is also high in our list of the most popular areas to buy a plot in Lahore with 3.4% of January’s searches being focused on it. The most popular sectors here are Sector M-7 having 38% of the searches, Sector M-8 having 13.2% of the total searches and Sector M-3 having 9.9% of the total search percentages for January.
Prices for a 5 marla residential plot of land in Lake City can vary between PKR 23.5 to PKR 80 lakh, while a 10 marla option can be on sale for PKR 25 lakh to PKR 1.44 crore. Meanwhile, plots of 1 and 2 kanal can be on sale for PKR 60 lakh to 2.75 crore and PKR 75 lakh to PKR 5.5 crore respectively.
Sales Price of Residential Plots in LDA Avenue
Making its way into the top 5 areas to buy a residential plot in Lahore, we have LDA Avenue, which was targeted by 2.3% of the total searches in January. The locality’s Block D had a search percentage of 18.2% while Block A had 15% and Block M had 14.5% of the total search percentages with respect to buying land in Lahore.
A 5 marla residential plot here can be an investment of PKR 22 lakh or more, while PKR 23 lakh to 1.3 crore could be required for a plot size of 10 marla. Residential plots of 1 kanal are on the market for PKR 50 lakh to PKR 3.5 crore, while 2 kanal plots can also be purchased in LDA Avenue for PKR 1.5 to PKR 3.3 crore.
Real estate in Lahore is diverse and as several new projects are being built, there is something for everyone. However, buying a plot in Lahore can give you the freedom to unleash your creativity and come up with a home design that stands out from the rest. Begin your search in the top 5 areas mentioned above or check out the Trends page for the other most searched for areas in Lahore with respect to buying a plot. Good Luck!
If you have any comments or feedback on the above-given information, please leave them in the comments’ section below.