Lahore is going Vertical and we need to be ready for it

Lahore is one of the metropolitan cities of Pakistan that typically undergoes the consequences of rapid urbanization and land expansion facing volumes of traffic congestion, noise & air pollution, overcrowding of housing communities, inadequate transportation route links and infrastructure development. As urbanization is taking a toll in the famous city of Lahore, a lot of housing pressure is being faced by the local public as accommodating the masses is becoming increasingly difficult with land availability is shrinking even as small as few Marla home for the middle-class. With a renewed effort to provide shelter and homes to the lower-medium strata of the society and advent of new PTI Government, it looks like the housing deficiency will be overcome sooner than later, as NPHS is recently launched in some of the major cities, it is also decided to convert Lahore into a vertical fashion. Lahore going vertical implies that multi-story towers, High-rise buildings and Skyscraper Apartments will be constructed to adjust the overflowing housing need as it is a smart decision in today’s modern world.

How will Vertical Landscape impact the Lahore Real Estate?

The real estate market in Lahore is well-adjusted with people mostly adapted to living in homes, bungalows, and villas or even farmhouses but the shift towards Apartment living is cumbersome. People will have to mentally adjust to living in flats or studio apartments because there is no option of remodeling or privacy offered as the facilities are shared but there are a lot of perks as well that includes more security, less cost of buying and living in an apartment compared to a house. There has been a swift change in living choice in the past few months as more and more apartments are developed and people are readily investing in and moving in. Apartment living doesn’t have the hassle of maintenance or repair, and the fact that it allows the comfortable living to a huge number of people in the same building is the answer to overpopulation in Lahore at the moment.

Penta Square DHA, Zee Avenue, Eleven West Apartments, Icon Residencia, Address 73 Gulberg, The Opus Luxury Residencies, Opal Apartments, and so many projects have been successfully developed in Lahore. These are some of the popular apartment buildings and condos that promote and propel the landscape of Lahore City to become vertical.

Having an independent home is absolutely an amazing idea but living in an apartment also appears to be a viable option. With the spike in prices of properties in Lahore, it is wise to invest in apartments instead of saving for long in hope to buy a home in Lahore.

If you want to know the best apartment buildings to invest in major cities in Pakistan then read our blog, for further guidance and information.

Best Apartment and High Rise Buildings Investment in Pakistan 2019

If you want to seek more personal consultation or invest in any of the apartment projects then contact Apex Group and our expert realtor team shall help you.