Most Popular Areas to Buy Plots in Lahore
There is no denying that Lahore is a wealth of real estate investment opportunities in Pakistan. Its booming real estate market offers buyers an eclectic mix of high-yielding residential and commercial properties. Moreover, you can find profitable real estate assets in the metropolis with almost any budget. However, if you are looking for investment options with prospects of generating high capital gains in the long term, exploration of plots in Lahore may be your best bet.
Infrastructure development in the form of elevated signal less corridors and the growing trend of mixed-use developments, combined with the launch of the Lahore Metro bus system and elevated signal less corridors, have all played a significant role in making Lahore the center of ultimate development. .real estate in the country. The real estate landscape in this leafy city has evolved tremendously over the past decade, presenting potential buyers with a plethora of profitable real estate deals.
However, with a multitude of real estate companies emerging in the urban landscape, choosing the best areas to buy property in Lahore can be a daunting task. So, to make it easier for you to find the safest and most investment-worthy real estate options in the city, we have listed the most sought-after areas with land for sale in Lahore.
These neighborhoods have claimed the top five positions in the latest Propertysource.com.pk search trends, which means they are highly popular among those interested in the real estate market of Lahore.
MOST POPULAR AREAS WITH PLOTS FOR SALE IN LAHORE
These are the top areas to buy plots in Lahore, as of March 2022.
Affluent property company DHA Lahore continues its reign as the most popular area to invest in the Garden City. It enjoys a prime location around the ring road of Lahore and is strategically divided into several phases. In addition to its safe environment and upscale lifestyle, DHA Lahore’s outstanding facilities have also made it a premier neighborhood in which to live and work. Additionally, the district is known for its combined state-of-the-art infrastructure, pristine landscaped green spaces and dedicated shopping areas.
In terms of return on investment, buying plots in DHA Lahore could be a great investment. The value of real estate in the area has increased significantly since its inception and is expected to continue to soar in the years to come. If you are concerned about high prices, please note that some of the newer stages of DHA Lahore are still in various stages of development. Therefore, property prices in some places are relatively lower than in others.
Furthermore, according to the search trends on propertysource.com.pk, the phases to buy plots in DHA Lahore include Phase 9 Prism, Phase 8, Phase 7, Phase 6, and Phase 9 Town.
The price of 5 Marla plots in DHA Lahore usually ranges between PKR 55 lakh and 1.9 crore, whereas buying a 10 Marla property in the area will cost somewhere between PKR 78 lakh and 3.6 crore. On the other hand, the average prices of 1 kanal plots in DHA Lahore start from PKR 90 lakh and go up to 7.5 crore, or higher.
It is also important to mention that the prices mentioned above are for the residential plots in the neighborhood. In addition, you can also take a look at our guide on the best areas for property investment in DHA Lahore.
Nestled on the outskirts of Lahore, at a reasonable distance from the hustle and bustle of the main city, Raiwind Road is among the best places with plots for sale in Lahore. This tree-lined street is connected to a number of developing residential projects that provide a plethora of investment opportunities in Lahore for both domestic and foreign buyers. Raiwind Road is also one of the main thoroughfares in the cosmopolitan city, ensuring that those who live nearby do not encounter any problems when traveling to different parts of the metropolis.
The main reason why Raiwind Road properties continue to dominate the Lahore property market is because of their impressive investment prospects. The growing popularity of this area among property developers has made it an epicenter of the city’s state-of-the-art developments. The sprawling gated community developments, lush green surroundings and serene environment of this village have made it an ideal place to build a dream home in Lahore.
The search trends show that Lake City, Al-Kabir Town, Etihad Town, AWT Army Welfare Trust, and Kings Town are the most popular areas to buy plots on Raiwind Road.
The cost of a 5 Marla residential plot in the area usually starts from PKR 24 lakh and goes as high as 1.2 crore. Meanwhile, the 10 Marla plots on Raiwind Road are priced between PKR 60 lakh and 2.1 crore on average. The prices of 1 kanal plots in the neighborhood tend to range from PKR 85 lakh to 4.5 crore.
An excellent choice for property investment in Lahore, the meticulously planned and aesthetically pleasing gated community of Bahria Town is arguably one of the best places to invest in the city. The large project is located a short drive from Thokar Niaz Baig and is easily accessible from several major roads including Canal Bank Road, Raiwind Road and Multan Road. The luxury residential complexes of Dream Gardens and Valencia are also located close to Bahria Town Lahore.
Additionally, the mega gated community is made up of sectors A through F as well as an overseas enclave. Each of these sectors is divided into several blocks presenting an incredible selection of commercial and residential properties. Bahria Town Lahore’s high-end facilities also add to its list of attractions, attracting buyers from all over the world. From its wide, tree-lined boulevards to its stunning architectural landmarks, this residential enclave is truly one of the most beautiful places to live in the megacity.
Moreover, Sector F, Sector E, Sector C, Overseas Enclave, and Golf View Residencia appear to be the most sought-after localities for buying plots in Bahria Town Lahore.
The cost of 5 Marla plots in the gated community range from PKR 40 lakh to 1.1 crore on average. Meanwhile, buying 10 Marla plots in the neighborhood usually costs between PKR 55 lakh and 2.2 crore. Please note that 1 kanal plots in Bahria Town Lahore can be slightly steep, as their price starts from PKR 1.2 crore and 3.8 crore.
To learn more about the residential scheme, please take a look at our guide on property investment in Bahria Town Lahore.
Bahria Orchard, a relatively low-cost housing society launched by Bahria Town, also ranks high on the list of the best areas with plots for sale in Lahore. Also known as the Garden of Comforts, the beautifully landscaped gated community is credited with introducing the concept of ecofriendly development and a sustainable lifestyle in the region. Its master plan includes a multitude of green belts, community gardens, parks, and playgrounds.
Located on Raiwind Road, Bahria Orchard is very accessible from all major areas of the city. It also offers its residents a wide range of services and facilities on par with other Bahria Town projects in Pakistan. Additionally, the real estate company is strategically divided into five phases. While the first three stages are fully developed, the fourth stage has recently reached its completion stage. In the meantime, development work is currently underway in the most recent phase of the project.
As per the user data fetched on propertysource.com.pk, Phase 2, Phase 4, Phase 1, Phase 3, and Phase 5 stand out as the most popular localities to buy plots in Bahria Orchard.
The minimum price tag for 5 Marla plots in Bahria Orchard is PKR 29 lakh and it goes up to 78 lakh. On the other hand, buying 10 Marla plots in the gated community is going to cost you between PKR 44 lakh and 1.5 crore, on average. If you are looking for a bigger plot, the prices of 1 kanal residential plots in the area fall between PKR 1 crore and 2.5 crore.
Finally, Park View City on Multan Road ranked fifth in the list of best areas for buying plots in Lahore. The artistically designed housing company, formerly called River Edge Housing Scheme, is close to the town of Johar and the Etihad Garden. It is also quite close to Thokar Niaz Baig and the central business district.
When it comes to property investment in Lahore, buying plots in Park View City has immense potential for profitable capital gains. Property values in the area have increased significantly since the gated community was launched and experts predict that real housing company prices will continue to rise in the years to come.
Moreover, Park View City is divided into several blocks with a wide range of modern amenities and conveniences. Some of the most notable facilities in the residential enclave include 24 hour security, parks and playgrounds, mosques, mini zoo, community club, swimming pool club, supermarkets, shopping areas, restaurants and walking trails, to name a few.
According to the latest search trends on propertysource.com.pk, Platinum Block, Diamond Block, Tulip Block, Tulip Extension Block, and Crystal appear to be the most sought-after locales among prospective buyers looking to buy plots in Park View City.
The price of 5 Marla plots in the area ranges from PKR 36 lakh to 85 lakh on average. Meanwhile, buying 10 Marla plots in Park View City usually costs between PKR 75 lakh and 1.6 crore. The price tags for 1 kanal residential plots in the neighborhood can go as high as PKR 2.6 crore, or even higher.
Please note that the prices of plots in Lahore varies significantly with the location and development status of each locale. Moreover, the price ranges mentioned in this blog are as of March 2020 and can fluctuate in the coming weeks. Therefore, please make sure to check the latest listings on propertysource.cpm.pk for an accurate analysis of the current price trends.
This brings us to the end of our guide on the top areas with plots for sale in Lahore. Please stay connected to Proprtysource to learn more about the top areas to buy property in your city. Moreover, feel free to get in touch with us by dropping an email at Info@propertysource.com.pk You can also visit our Facebook page and hit the like button at the top to find out all about the latest property investment opportunities near you