Lahore, which is an old town with an ancient architectural backdrop, is also referred to as the town of different ages, which until today became an essential metropolis. Lahore has great historical importance. However, this does not mean that only old-fashioned structures exist in Lahore; it is true that in recent years, the city has developed and today there are upscale buildings as well as apartments built according to recent infrastructure concepts.
With thousands of years investing in small houses and projects for apartments, people now prefer to live in small houses or apartments in a central city, which is generally closer to work. As apartments are trending, let us help you know the top areas for investment in apartments, taking into account the location, facilities, and amenities of the residents.
The best areas to purchase Lahore apartments are DHA, Gulberg, Johar Town, Ichra, and Raiwind Road. Because these areas are a commercial hub in Lahore and most of its workplaces, offices, companies, or headquarters are located here. Pakistan’s administration also reassures vertical urban development in response to increasing housing demand and to avoid urban expansion in Lahore.
There are many reasons why people decide to stay in an apartment:
- The cost of refurbishing apartments is lower than houses.
- Apartments are simple to keep and clean, allowing you to live at the desired level.
We have collected several of the top areas to invest in apartment projects in Lahore for our customers’ convenience. Let’s have a look!
The Defense Housing Authority – Lahore’s most luxurious residential area for buyers and investors. DHA is among the first authority in line with Prime Minister Imran Khan’s vision of high-rise buildings to make significant construction changes in compliance with commercial land legislation.
DHA, Lahore expanded from the 6th and 13th stages beginning with the first four stages. Phase 8 of DHA is adjacent to the International Airport of Allama Iqbal on the ring road and is considered one of the best ways of investing in high-ranking projects.
Gulberg is one of Lahore’s wonderful residential areas. It is close to Liberty Market, MM Alam Road, and Gaddafi stadium. In the construction business, Gulberg has set a new direction. Gulberg, Lahore, is becoming a thriving business district – where businesses, hotels, retail outlets, and modern apartments are based. That’s why it continues to be one of Lahore’s most popular areas, with buyers looking for flats.
Gulberg has five districts, Gulberg III being very popular with apartment buyers and investors. Gulberg residents have quick and easy access to the whole town. This area includes some of the city’s finest educational and healthcare institutions and many state-of-the-art shopping complexes, allowing you to access everything in minutes as required.
Johar Town is an old Lahore residential neighborhood but offers a few modern buildings and apartments for infrastructure. Johar Town is the fourth most important residential neighborhood in Lahore with almost 3.9 percent of total searches. Phase 2 of Johar Town, where 53.1%of searches are carried out, is the most popular area to buy apartments. Johar Town’s Phase 1 isn’t too far behind; it has 45.4% of the searched total. In Johar town, the properties are located in the most demanded area of the city and have a wide range of properties connected to the market.
In the history of Lahore, this place has great importance. Ichra offers millions of people employment opportunities. This place is very economical and guests come to shop from all over Lahore. Ichra is the best solution for crockery, all sorts of clothes, jewelry, suitcases, too many more. Rental apartments are available in Ichra at various prices and sizes. These plots are perfect for bachelors, as the area is very crowded and economical.
Lahore’s major artery, Raiwind Road, which is also full of new residential developments, is the most suitable location for investment in apartments in Lahore. Therefore, several investors consider buying Raiwind Road property.
Recently here several residential projects were initiated. Many lots and apartments can be found on this road as well. It also links major residential areas like Bahria Orchard, Lake City, and Bahria City. Raiwind Road offers residents easing lives through schools, parks, mosques, and shopping centers. An affordable project such as the Lahore Fortress Apartments also features all the facilities you need for a relaxed life.
Check out Pakdial Blog, Pakistan’s biggest real estate blog, for up-to-date and informative news from the real estate sector of Pakistan. These are our top rental locations in Lahore. We would like to hear about your experience if you recently rented an apartment in the city. Feel free to share your experience in the comments section.