{"id":71702,"date":"2020-10-27T17:14:43","date_gmt":"2020-10-27T12:14:43","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71702"},"modified":"2020-11-27T18:44:38","modified_gmt":"2020-11-27T13:44:38","slug":"statistical-insight-on-demand-for-houses-apartments","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/statistical-insight-on-demand-for-houses-apartments.html","title":{"rendered":"Statistical insight: Demand for houses and apartments in Lahore"},"content":{"rendered":"\n<p>Lahore: Home to over 12.6 million people, Lahore has seen massive horizontal expansions during the past three decades to meet the increasing demand for housing units. Despite the addition of countless housing schemes, there still exists a significant shortfall in affordable residential units feasible for buyers aiming to live a hassle-free life \u2013 not to mention that the occupancy rate in over 80% of these housing schemes located at the city\u2019s limits remains quite low.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/blog\/top-apartment-projects-gulberg-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">5 Most Popular Apartment Buildings in Gulberg, Lahore<\/a><\/p>\n\n\n\n<p>This trend would have continued for years to come if the government had not stepped up with a more practical approach on fixing several industry-related issues by directing the construction trends. The most commendable step taken in this regard was to encourage vertical development by reducing taxes, slashing construction material rates and giving investors an immunity from declaring their source of income for the capital invested in these projects \u2013 registered with the Federal Board of Revenue (FBR).<\/p>\n\n\n\n<p>While all of this was destined to cause a paradigm shift in the real estate buying trends, Zameen.com has noticed that the demand for apartment units started to increase several years ago. As per the data maintained by the portal, search volume for apartments in Lahore increased by 118% between September 2018 and September 2020, in comparison to a 100% rise in demand for houses during the same period.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/consortium-invest-mega-projects-lahore-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">Consortium of top businessmen to invest in mega-projects in Lahore, Karachi<\/a><\/p>\n\n\n\n<p>This rise in demand has also left an impact on prices of flats in the city, where the average price of a 3-bedroom apartment rose up by 27%, while the 5-marla houses (featuring 3 bedrooms) increased by a mere 10%. Consequently, the demand and the value of land for old houses in various areas and neighbourhoods that are suitable for construction of apartment projects is increasing constantly.<\/p>\n\n\n\n<p>Gulberg is one such examples, where many old houses are being demolished to replace them with high-rise buildings featuring a variety of apartment units. The limited number of empty plots available here are also selling like hot cakes as developers and real estate builders are aware of the neighbourhood&#8217;s importance in the real estate sector. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/gulberg-lahore-to-be-turned-to-central-business-district.html\" target=\"_blank\" rel=\"noreferrer noopener\">Gulberg Lahore to be turned to central business district<\/a><\/p>\n\n\n\n<p>Being aware of the strategic importance of this area, Zameen Developments launched its exclusive apartment project \u2018<a href=\"https:\/\/www.zameen.com\/news\/zameen-aurums-buyers-get-immunity-from-declaring-income-source.html\" target=\"_blank\" rel=\"noreferrer noopener\">Zameen Aurum<\/a>\u2019 in Gulberg III and received an overwhelming response from buyers and investors who can foresee the market\u2019s future trends.<\/p>\n\n\n\n<p>For more such insights on the real estate market of Pakistan, stay tuned to Zameen News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Home to over 12.6 million people, Lahore has seen massive horizontal expansions during the past three decades to meet the increasing demand for housing units. Despite the addition of countless housing schemes, there still exists a significant shortfall in affordable residential units feasible for buyers aiming to live a hassle-free life \u2013 not to mention that the occupancy rate in over 80% of these housing schemes located at the city\u2019s limits remains quite low. Read: 5 Most Popular Apartment Buildings in Gulberg, Lahore This trend would have continued for years to come if the government had not stepped up with a more practical approach on fixing several industry-related issues by directing the construction trends. The most commendable step taken in this regard was to encourage vertical development by reducing taxes, slashing construction material rates and giving investors an immunity from declaring their source of income for the capital invested in these projects \u2013 registered with the Federal Board of Revenue (FBR). While all of this was destined to cause a paradigm shift in the real estate buying trends, Zameen.com has noticed that the demand for apartment units started to increase several years ago. As per the data maintained by&hellip;<\/p>\n","protected":false},"author":18,"featured_media":70765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15018,15019],"tags":[24715,42040,42041,42039],"persona":[],"class_list":{"0":"post-71702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-opinion","8":"category-research-analysis","9":"tag-slider-2","10":"tag-apartments-on-instalments","11":"tag-lahore-apartments-or-houses","12":"tag-where-to-buy-an-apartment-in-lahore","13":"cat-15018-id","14":"cat-15019-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Insight on demand for houses &amp; apartments in Lahore- Zameen News<\/title>\n<meta name=\"description\" content=\"While all of this was destined to cause a paradigm shift in the real estate buying trends, Zameen.com has noticed that the demand for apartment units...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/statistical-insight-on-demand-for-houses-apartments.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insight on demand for houses &amp; apartments in Lahore- Zameen News\" \/>\n<meta property=\"og:description\" content=\"While all of this was destined to cause a paradigm shift in the real estate buying trends, Zameen.com has noticed that the demand for apartment units...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/statistical-insight-on-demand-for-houses-apartments.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-27T12:14:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-27T13:44:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/09\/Lahore.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Insight on demand for houses & apartments in Lahore- Zameen News","description":"While all of this was destined to cause a paradigm shift in the real estate buying trends, Zameen.com has noticed that the demand for apartment units...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/statistical-insight-on-demand-for-houses-apartments.html","og_locale":"en_US","og_type":"article","og_title":"Insight on demand for houses & apartments in Lahore- Zameen News","og_description":"While all of this was destined to cause a paradigm shift in the real estate buying trends, Zameen.com has noticed that the demand for apartment units...","og_url":"https:\/\/www.zameen.com\/news\/statistical-insight-on-demand-for-houses-apartments.html","og_site_name":"Pakistan Real Estate News &amp; 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