Lahore is a vibrant city, famous for its historical buildings, rich cultural heritage and a thriving food scene. The city besides being deep-rooted in history has modernized over the past few decades. Its robust infrastructure, modernized public transport system, educational opportunities and many other amenities have made it a top choice among homebuyers. In recent years, the real estate market of Lahore has seen tremendous growth with new projects especially being developed to suit the needs of those looking for affordable housing options. You will find many low cost housing schemes offering 5 marla houses for sale in Lahore.
Top 10 Areas To Get 5 Marla Houses On Sale in Lahore under PKR 9 Million
According to the user behaviour seen on Zameen.com during the first half of 2019, 5 marla houses for sale in Lahore under PKR 9 million are offered in the following areas:
As per the data shown above, Khayaban-e-Amin, Al Rehman Garden, Eden housing society are the most popular housing societies where you can find 5 marla houses for sale in Lahore under PKR 9 million. Among other areas are Lahore Garden Housing Scheme, GT Road, Hamza Town, New Lahore City, Bismillah Housing Scheme, Ghous Garden and Punjab Govt. Servant Society. We will now discuss the top three areas in further detail.
When it comes to low budget houses in Lahore, Khayaban-e-Amin tops the list. This housing project is developed by Sahir Associates Pvt. Ltd. To their credit is the upscale housing society of DHA Lahore as well. Khayaban-e-Amin lies towards the southern part of Lahore. It is well connected to almost all the main arteries of Lahore, including Multan Road, Raiwind Road, Badian Road, Ferozpur Road and Airport Road. Moreover, one of the most important arteries of Lahore, the Ring Road passes through the housing area.
One of the key features of Khayaban-e-Amin is that the entrance is around 165 feet wide and is sandwiched between two popular housing schemes Fazaia Housing Scheme and DHA Rahbar. People who live in Khayaban-e-Amin have access to a number of amenities like schools, parks and hospitals nearby.
Khayaban-e-Amin currently provides some basic amenities to its residents. It has its own shuttle service that makes commuting easy for the residents. This service is available 24/7. Moreover, there are community centres, Jamia masjid, carpeted roads, family parks and a well-maintained water supply and sewerage system.
For those searching for 5 marla houses for sale in Lahore under PKR 9 million, Khayaban-e-Amin provides many investment opportunities. According to the data we have gathered as of August 2019, the average price of a 5 marla house in Khayaban-e-Amin is around PKR 58.30 lakh. The developer of the project wanted to construct low cost houses so that anybody can purchase a house of their own. That is the main reason why you will find comparatively low prices in Khayaban-e-Amin. Block – P of Khayaban-e-Amin is the most popular block with prices of 5 marla houses starting from PKR 37 lakh and going as high as PKR 42 lakh. If you are looking to buy a 5 marla house under budget then you can also explore options in Block N and M of Khayaban-e-Amin.
Al Rehman Garden
As per our data records for the first half of 2019, Al Rehman Garden is the second most popular area to buy a 5 marla house in Lahore under PKR 9 million. The average price as recorded in August 2019 for a 5 marla house in Al Rehman Garden is PKR 86.46 lakh, with the most popular phase being Al Rehman Garden Phase 2. You can easily find a 5 marla house under PKR 9 million with prices starting as low as PKR 45 lakh.
Al Rehman Garden is further divided into 7 phases. Al Rehman Garden Phase 2 is quite popular among those looking for 5 marla houses for sale in Lahore.
Al Rehman Garden Phase 2 is located near Faizpur Interchange on Sharaqpur Road in Lahore. It is an upscale housing society with modern infrastructure and carpeted roads. A secure and gated community, it is a peaceful area that entices homebuyers to purchase their dream home here. Prices are comparatively lower here as it is located near Sheikhupura, away from the main city. The housing society is in close proximity to M-2 Motorway that makes traveling to Islamabad quite easy for the residents. It has its own shopping complex, hospital, mosques, parks and community centres.
One of the major factors that prompts homebuyers to invest in 5 marla houses in Al Rehman Garden Phase 2 is that they have their own grid station, which ensures there is no load shedding in the area.
The next housing society on our list is Eden. It is developed by Eden Housing, a renowned real estate developer. It offers a range of properties, from houses, villas, cottages to flats and residential plots. It is divided further into sub areas, namely Eden Value Homes, Eden City, Edenabad, Eden Villas, Eden Villas 2, Eden Avenue, Eden Boulevard, Eden Cottage 1, Eden Cottage 2, Eden Gardens, Eden Palace Villas, Eden Canal Villas, Eden Residencia and Eden Defence Villas.
As of August 2019, the average price of a 5 marla house in Eden is PKR 79.84 lakh. Most of these houses are available in Eden Value Homes. There are double storey, well-constructed houses with prices beginning at PKR 80 lakh.
Other popular areas like Lahore Garden Housing Scheme also offer well-constructed ready-to-move-in houses at affordable rates. Lahore Garden Housing Scheme is a well developed society with parks, hospital and basic facilities like provision of gas and electricity. Similarly, you will find plenty of investment options on one of South Asia’s oldest roads, the GT Road, which was built in the 16th century. SA Gardens on GT Road Lahore is a popular area to purchase a 5 marla house under PKR 90 lakh. The starting price is as low as PKR 67 lakh.
We have discussed some of the most popular areas to buy 5 marla houses in Lahore under budget. If you are looking for investment options in Lahore, then take a look at our Property Market Report for H1 2019. Subscribe to Zameen Blog to stay abreast of the latest real estate trends. Email us your queries and suggestions at email@example.com