{"id":104417,"date":"2021-01-08T10:55:54","date_gmt":"2021-01-08T10:55:54","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=104417"},"modified":"2021-01-20T04:30:00","modified_gmt":"2021-01-20T04:30:00","slug":"mixed-use-developments-lahore","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/mixed-use-developments-lahore.html","title":{"rendered":"Analysing Growing Demand for Mixed-Use Developments in Lahore"},"content":{"rendered":"\n

IN THIS POST<\/strong>
– Mixed-Use Developments in Lahore
<\/a>– Investing in Grand Square Mall<\/a><\/p>\n\n\n\n

Anchored down by impressive skyscrapers and ultramodern buildings, the ever-growing skyline of Lahore is a testament to its rapidly transforming urban landscape. Keeping in line with the country-wide real estate shift from plots to high-rises<\/a>, the commercial centres in the City of Gardens are also being replaced with integrated complexes and compounds that are no longer limited to hang-outs and dine-ins. <\/p>\n\n\n\n

There is no denying that the commercial centres in bustling metropolises have always been a source of attraction for migrants and visitors. However, the emergence of mixed-use developments in Lahore has had a significant impact on its cityscape as well as the real estate market. Offering an eclectic mix of residential and commercial properties for sale, these integrated urban centres provide consumers with a unique opportunity to live, work, shop and play all under the same roof and essentially in grand settings. <\/p>\n\n\n\n

Most of these new projects in Lahore are equipped with the latest amenities and facilities, ensuring an elegant living and luxurious shopping experience. Typically, these buildings host commercial spaces on the lower floors while the upper floors are designated for office spaces and apartments. Their growing demand among investors and buyers also highlights the paradigm shift in the real estate market.<\/p>\n\n\n\n

So, if you are planning to buy property in Lahore<\/a> but are struggling to choose between residential and commercial spaces, consider investing in mixed-use developments as they can be a great addition to your real estate portfolio in terms of diversity and capital gains.  <\/p>\n\n\n\n

The Growing Demand for Mixed-Use Developments in Lahore <\/strong><\/h2>\n\n\n\n
\"commercial
There are more than 30 mixed-use projects under construction in Lahore alone <\/figcaption><\/figure>\n\n\n\n

As the popularity of mixed-use developments<\/a> and shopping malls began to grow among the masses, the developers were quick to follow the trend. This boom in the construction of mixed-use buildings was also tied to the hike in demand and price of commercial units in Lahore, especially over the past few years.<\/p>\n\n\n\n

According to the data accumulated by Zameen.com, the leading property portal in Pakistan<\/a>, the average per square feet price of commercial units in the city has gone up by more than 20% between 2018 and 2020, which is pretty remarkable considering many of these retail spaces were made available rather recently.<\/p>\n\n\n\n

Needless to say, these increasing rates are backed by the steady demand for innovative mixed-use projects in Lahore.<\/p>\n\n\n\n

Evaluating the data from the last three years, Zameen.com also noticed that the demand for commercial units in Lahore had increased by 106% between 2018 and 2020. As of December 2020, the average rental yield of shops in commercial plazas stood at an impressive 6.3%. This number was even more encouraging for retail units located in posh areas and prominent mixed-use developments in Lahore.<\/p>\n\n\n\n

Similarly, the demand for apartments in Lahore<\/a> rose by 127% between 2018 and 2020. The average per square feet price of such residential units also witnessed an increase of 50%. Moreover, the average rental yield of apartments in Lahore<\/a>, as of Dec 2020, is 7%.<\/p>\n\n\n\n

To meet the growing demand for projects that seamlessly integrate both residential and commercial properties, over 30 mixed-use complexes are presently under construction in Lahore.  <\/p>\n\n\n\n

Some believe that the standards already set by prominent shopping malls in the city like Packages Mall and Emporium Mall would be hard to compete, alluding to the fact that a mixed-use building must boast a prime location, striking fa\u00e7ade and superior development standards to turn heads and become a promising investment option. <\/p>\n\n\n\n

Interestingly, the up-and-coming ultramodern project of Grand Square Mall in Lahore<\/a> is a great example of high-end mixed-use developments.<\/p>\n\n\n\n

Grand Square Mall, Lahore \u2013 The Perfect Blend of Luxury & Innovation<\/strong><\/h2>\n\n\n\n
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