The city of Lahore is Pakistan’s second-most populous metropolis as well as Punjab’s biggest economic hubs. Like other major cities, the demand for housing units in Lahore has also skyrocketed in recent years. This has caused its real estate market to grow exponentially, triggering a significant uptick in property prices.
Owing to the rapidly increasing real estate value, homebuyers in the city have now been left with limited choices, especially the ones who are looking for low-cost investment. So, if you are also searching for affordable housing units in the City of Gardens, but don’t know how and where to look for them, fret not, we’ve got you covered. In this blog, we have put together all the key tips to look for affordable houses for sale in Lahore.
Now, without further ado, let’s start with our home hunting!
How to Hunt for Low-cost Houses for Sale in Lahore
Here are some very important things to remember while looking for low-priced houses for sale in Lahore.
What Property Size Should You Be Looking for?
As discussed, property prices in Lahore have gone sky-high in recent years, which means, if you are looking for affordable houses in the city, you need to be very specific about the size of the unit you want to invest in.
As per the listings on Zameen.com, you can find up to 5 marla residential units that usually come with low price tags and are available in different parts of the city. Anything larger than that could go out of your budget and if you are lucky enough to find one, it may not be available in a very good condition.
Even if you have purchased a small house, you can make some structural changes to it to add some more living space, however, it depends on the society you live in. Some societies in Lahore allow you to construct multiple upper stories on a ground floor.
Even to buy a low-priced house in Lahore, you need to have at least a budget of PKR 50 lakh, if you want to explore some decent and well-constructed property options.
Where to Search for Low-priced Houses for Sale in Lahore?
Due to the fact that the population of Lahore has dramatically swelled over the past few decades, the demand for housing units in the city has reached an all-time high in recent years. Properties in some of the key and central areas of the metropolis are now more expensive than ever.
Also, there is a shortage of land resources for new developments as the city’s main areas are already overcrowded, which is why the real estate prices of the available properties are sky-high. However, if you move away from the main city, you can spot plenty of empty lands, which are now being converted into new residential developments and ultramodern gated housing schemes.
So, if you are looking for an affordable house for sale in Lahore, you should definitely check out the surrounding areas of Ferozpur Road, Raiwind Road, and Bedian Road. These are some of the most important arteries running through the metropolitan area. They connect central Lahore with its suburbs.
According to property listings on Zameen.com, Lahore Motorway City, Eden Garden, and SJ Garden are among many other suburban developments in Lahore where you can find well-maintained and nice-looking residential units within a limited budget.
Despite a price tag of PKR 50 lakh or even less, a majority of properties in these areas are also available on instalment. Plus, you can get possession of these properties after paying 50-70% of the total price as the down payment, while the remaining amount can be paid as easy monthly instalments.
Note: Don’t forget to browse the listings of low-cost houses for sale in Lahore on Zameen.com to fetch all the relevant details about the available property options.
Lahore’s First-ever Housing Project With Affordable Townhouses
For the very first time in the history of Lahore, Icon Valley Phase 2, which is another noteworthy property development by Icon Valley Developers, is introducing the concept of affordable townhouses.
With state-of-the-art design and facilities, these townhouses are going to be a part of a well-developed neighbourhood. This means residents of the society will enjoy nearby access to every necessary amenity to cater to their day-to-day lifestyle needs. If you are interested in learning more about the affordable townhouses of Icon Valley Phase 2, you can check out our detailed property guide on them.
Not to mention, this up-and-coming property development is taking place in the immediate vicinity of Raiwind Road. Having direct access to this major artery means you can enjoy hassle-free commutes to the city centre and other major areas in Lahore.
Despite offering the best possible property features, townhouses in Icon Valley Phase 2 are surprisingly affordable. For someone looking for low-priced houses for sale in Lahore, investing in one of these townhouses will ideally be the best option.
Even if you compare their prices to residential units of the same size and type available in other similar property developments in the suburbs of the city, you can easily figure out that townhouses in Icon Valley Phase II have a much more affordable price tag.
Well, that’s not it, these townhouses are also offered with easy instalment plans that span 4 to 5 years. It has been designed as per your convenience, allowing you to get possession of your new home within a couple of years, after which you can conveniently pay the rest of the amount as easy, evenly spread monthly instalments.
So, if you have already made up your mind to buy a townhouse in Icon Valley Phase II, you need to make your move now. These units are a part of one of Lahore’s most successful projects ever and they are selling out fast. Fill out the form attached to this blog with your basic contact information and one of our representatives will get back to you as soon as possible.
If you have any questions about the aforementioned low-cost investment opportunities available in Lahore or want to share your feedback, please email us at email@example.com. We’d be more than happy to assist you with your concerns.
On a side note, if you are looking for an affordable investment opportunity in Pakistan’s largest city, don’t forget to check out our detailed blog on low-priced houses for sale in Karachi.
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