Lahore Property Trends February 2018

The real estate market of Lahore has kicked off at an encouraging note in 2018 and shows moderate growth for 10 Marla and 1 Kanal plots. For the property of Lahore, prevailing trends continue with major societies namely Bahria Town, Bahria Orchard, Wapda Town, LDA Avenue 1 and DHA Lahore has shown a sudden price jump while major projects remaining stable. The Investors are pulled towards the real estate market of Lahore as the prices have skyrocketed and it is expected to improve over the years and today’s investment in land property will yield massive returns in the near future. Some of the residential societies that are under development depict potential growth and attracted both the general buyers and investors leading to a bit of a rise from the bearish of last year. Some of the recently launched housing societies that promise lucrative investment opportunity in Lahore include,
• Etihad Town
• Al-Kabir Town
• DH Rahbar
• LDA City
• Al Rehmat Housing Scheme
• Hamdan Life Society
According to the recent property data analysis in Lahore, DHA Phase I-VI shows a gradual price rise for both 1 Kanal and 10 Marla plots. The popularity of 10 Marla plots increased by 1.79% and rates of 1-Kanal plots 0.63%. These phases have a relatively high average price as the remaining Phases I-IV are quite saturated. There has been observed genuine buyers due to the latest technology infrastructure -development and standard facilities available in Phase V and VI. Likewise, DHA Phases VII-IX also experienced slight growth in their prices by 1.25% while the rates of 1 Kanal plots rose by 0.56%.
The property of Bahria Town Lahore has appreciated for 1 Kanal plots by 0.20% and demonstrated moderate growth for 10 Marla plots by 2.44%. The abrupt price jump in Bahria Town property can be largely attributed to the inauguration of Lahore Ring Road Southern Loop, as investment grew by leaps and bounds. The results for Bahria Orchard presented a bit of contradiction as the prices for 10 Marla plot shot up by 0.55% whereas a moderate drop of 1.34% was seen for 1 Kanal plots. Previously this society experienced decreasing rates of activity.
Wapda Town is a well-developed society with high housing saturation so it remained quite stable for both 10 Marla and 1 Kanal plots, with rates increasing by 0.51% and 0.76% respectively. LDA Avenue 1 has shown minimal growth I property prices because of the current issues its facing so 10 Marla prices appreciated by 0.17% for 10-Marla plots and 0.86% for 1-Kanal plots.  Once the litigation issues facing LDA Avenue are cleared up the plot prices will steeply go up enhancing the charm of investment there.
Property value is increasing in developing societies showing substantial growth opportunity as every modern facility is within a walking distance range.  In state Life Housing Society prices grew by 9.18% and Lake City & DHA Rahbar has also increased in demand as the total searches conducted for plots or homes in these societies are 2.90% and 2.65% respectively.
The property prices will observe an increasing shift with elections taking place later in 2018, removing uncertainties and the market will show a boom in higher rates of activity to be seen. So this is the perfect time to invest in Lahore real estate market to reap higher financial returns later on.
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