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For the longest time, whenever we thought of the real estate industry of Punjab, cities like Lahore, Islamabad, and Rawalpindi came to our mind. However, as depicted by Zameen Trends – a digital tool relaying search trends recorded from all over the country – property demand has picked up in several other cities. This is because as the real estate market saturates in major cities, opportunities have sprung up in smaller cities of Punjab, namely Rahim Yar Khan, Multan, Faisalabad, and Gujranwala. Let’s explore each of these cities in detail to understand patterns associated with real estate development in Punjab.
Real Estate Development In Punjab
Rapid infrastructural development is underway in Rahim Yar Khan, Multan, Faisalabad, and Gujranwala under several projects including the China Pakistan Economic Corridor (CPEC) and uplift schemes launched to assist the projects falling under this initiative.
Here, we are discussing the trends associated with real estate expansion in these cities in order to outline the investment hotspots for investors.
Real Estate Development In Gujranwala
It is one of the most important industrial cities of Punjab. However, what sets it apart from the rest of South Punjab is the presence of several small and medium-sized enterprises (SME)s that gradually paved the way for the city to gain an important status in the industry sector. For this reason, the city is expanding and with newer job opportunities and resultantly creating a growing need for housing and entertainment.
To satiate this demand, a number of projects have been established in Gujranwala. Our top two picks are:
The launch of Defence Housing Authority (DHA) Gujranwala has been a welcomed addition to the city’s real estate market. The projects launched by the DHA are synonymous with well-planned housing schemes featuring world-class amenities. The project is located on GT Road, Rahwali, from where it is conveniently connected to Sialkot, Lahore, Wazirabad, and Gujrat.
As is typical of all DHAs in Pakistan, this gated housing society too will offer wide roads, underground electricity cabling, and proper sewerage system. Moreover, the project will have a dedicated education city, healthcare facilities, and commercial area with shopping outlets, restaurants and recreational facilities. A large number of commercial and residential properties are also available for genuine buyers and investors. For the latest in-depth details, check out this blog.
City Galleria is a mixed-use building located in Citi Housing, which is Gujranwala’s renowned housing project. Due to its location in this society, City Galleria enjoys a direct access to and from the GT Road. The mixed-use building is surrounded by the best entertainment and commercial avenues and is bordered by the scenic Upper Chenab Canal on one end. Other locational benefits include:
- 25 minutes from Punjab University Gujranwala campus
- 22 minutes from Railway station
- 20 minutes from DHQ Hospital
- 20 minutes from Gujranwala District Court
- 10 minutes from Chand da Qila Bypass
- 5 minutes from Opera Cinema
- 5 minutes from Citi Theme park
- 3 minutes from Citi Medical Complex
- 2 minutes from Beacon House School
The Ground+8 floor project offers a perfect blend of commercial and residential properties for both investors and genuine buyers and is equipped with all the latest facilities that are expected from a modern real estate development.
Here, you can invest in:
- Residential Apartments
- Commercial Outlets
- Food court
Moreover, there are a host of facilities and amenities available for all genuine buyers and investors who will be living in City Galleria or setting up their business. These features and amenities include:
- Location inside a gated, well-established residential community
- Access to all prime facilities of Citi Housing
- High-Speed Passenger Lifts
- Health & Fitness Club
- Spacious Parking
- Round-the-clock security system
- High-Class Finishing
- Availability of transportation
What’s even more exciting is that Eagle Group – the project developer – has introduced an easy instalment plan spanning over three years, with a balloon-payment option on offer. This highly competitive pricing schedule will ensure lucrative investment returns in the medium to long term.
Real Estate Development In Faisalabad
Faisalabad is known as the textile capital of Pakistan. It is especially known for manufacturing the finest cotton products in the country. However, over the past decade, the city has become a lot more than just a textile manufacturing hub. The real estate sector here, for one, has grown by leaps and bounds. It’s no longer uncommon to find luxurious gated communities here. What’s more, in order to take property development up to the next level, more developers in the city are building vertical projects.
Dawood Heights is located in the heart of the city, near the historic Clock Tower or Ghanta Ghar. This central location makes it easily accessible from all the major parts of the city, as well as facilitates access to educational institutes, healthcare facilities and recreational avenues.
Dawood Heights is easily accessible from several major developments:
- 9 minutes from Allied Hospital
- 6 minutes from DHQ Hospital
- 5 minutes from Serena Hotel
- 5 minutes from Chenab Club
- 2 minutes from University of Agriculture (Main Gate)
- 1 minute from PTCL Regional Office
- 1 minute from Clock Tower
Moreover, the building features exquisitely designed shops for investors to set up their businesses and offices. For buyers interested in residential units, there are 1- and 2-bed apartments that are designed keeping in view the latest decor trends.
The developers have planned to offer round-the-clock security, as well as concierge services. With these features, Dawood Heights promises high returns on investment as the expected annual rental yield for commercial outlets in Dawood Heights is 7 to 8%, while the projected capital gains during the next three years stand at a decent figure of 40%.
Lyallpur Commercial Market
Lyallpur Commercial Market is a welcome addition to the commercial real estate sector of Faisalabad. Due to its close proximity to the city’s industrial area, the project offers lucrative property options. The project’s central location marks it fit to attract high foot traffic. The project is:
- A 20-minute drive from Jaranwala Bypass Chowk towards D-Ground
- A 16-minute drive from Lyallpur Galleria
- A 6-minute drive from Canal Expressway
- A 5-minute drive from UET Faisalabad
- A 2-minute drive from Khurianwala Chowk
The commercial plots in this project are available on an easy payment plan spanning a period of two years. The project also features a beautiful mosque, wide roads and dedicated parking space for each commercial plot. Moreover, the plots are available for immediate construction.
Lyallpur Commercial Market aims to provide a dedicated arena for the city’s commercial activities. With its fully-equipped commercial plaza, it is going to be a fancy new addition to the city’s commercial activities.
Real Estate Development In Punjab: Rahim Yar Khan
For the longest time, Rahim Yar Khan was considered a traditional city, famous for its historical bazaars, with little or no formal real estate sector. However, as the China Pakistan Economic Corridor enters its second phase, and the colonization of the Special Economic Zones (SEZs) continues, Rahim Yar Khan has emerged as the stop over in South Punjab for the SEZs. As businesses set up, and the industrial base expands, there has been a drastic increase in the demand for property.
Apart from being the city’s first-ever gated housing society, the first thing that gives Etihad Garden its prime importance is its location as it is:
- 1-minute drive away from Main Canal Road
- 11-minute drive from Shaikh Zayed Medical College and Hospital
- 9-minute drive from Shaikh Zayed International Airport
- 14-minute drive from City Centre
- 5-minute drive from Abu Dhabi Road
- 7-minute drive from Shaikh Zayed Road
- Ease of accessibility means the residents can easily venture out and access entertainment facilities and recreational activities.
The project is developing at a fast pace. Its blocks A, B, and C are now offering immediate possession. As interest grows, the developers have bought more land to facilitate eager buyers and investors. This is primarily due to the project’s mini-city feature which essentially offers all facilities and amenities in one place so the residents do not have to venture out for any recreational or entertainment facility. The amenities and facilities in this mini city include:
- Underground electrification and water supply
- More than 25 community parks being planned
- Water treatment plant
- Grand Mosque
- Sheikh Khalifa Public School in the society and the society will house three more schools in future
- Society maintained medical center
- Community clubhouse with a gymnasium, swimming pool, banquet hall and restaurant
What is particularly exciting about the project is that its commercial area hosts the city’s first McDonald’s and Pizza Hut. The footfall for these two will ensure long-running profitability for commercial projects.
Real Estate Development In Multan
Multan is another name synonymous with a strong industrial base. You’ll see production plants of various beverages and textile industries here. It comes as no surprise then that the business community here has contributed towards the formalization of a prominent real estate sector.
With more industries being set up, the demand for housing here has increased exponentially. In order to satiate this increased demand, the developers have introduced a number of housing projects in the city.
Al Raheem Villas
Al-Raheem Villas is a carefully-designed residential complex that spreads over 94 Kanals, and is located on Main Nawabpur Road in the heart of the city. This project offers close proximity to most of the city’s entertainment and recreational areas such as:
- 12 minutes from Multan International Airport
- 10 minutes from Chowk Ghanta Ghar
- 8 minutes from Bahauddin Zakariya University
- 5 minutes from Northern Bypass
- 2 minutes from Faiz-e-Aam Chowk
This is a thoroughly-planned housing society that offers residential and commercial plots. Residential plots of sizes 5-, 7-, and 10-marlas are available, whereas commercial plots of sizes 2.3-marlas as well as constructed shops are for sale. All properties are available on easy 1- and 3-year instalment plans for both residential and commercial plots, with promised 40% gains in the next 3 years
The project aims to provide a safe and secure environment and has a 60-feet wide entrance road and ample green spaces, enough to make anyone feel comfortable and at home.
Moreover, Al-Raheem Villas offers a wide variety of facilities and amenities designed to offer modern, and luxurious living in Multan. These amenities and facilities include:
- Community gardens
- Grand Mosque
- 24/7 Security
- 24/7 Electricity
- Street Lights
- Carpeted Roads
This project is being exclusively marketed by Zameen.com, which means this a safe project to invest in for lucrative returns.
Located inside DHA Multan, Business Hub is a newly-introduced commercial of grand scale. It is a one-of-a-kind commercial development that comes with a host of amenities and facilities. The ground plus 5-storey building spans 18 kanals of land. It features retail outlets, corporate offices and apartments. Lower Ground, Ground and 1st floors here have been reserved for retail outlets. The second and third floors will have offices, while the fourth and fifth floors are exclusively for apartments.
The project is centrally located and offers direct access to the city’s commercial and recreational facilities:
- 16-minute drive from Main City
- 15-minute drive from Airport
- 10-minute drive from Northern Bypass
- 5-minute drive from Bahauddin Zakariya University main gate
- 2-minute drive from Institute of Southern Punjab
What sets this project apart from other commercial developments in Multan is its meticulous planning which ensures comfort and sustainability of design. A host of chic facilities and amenities makes Business Hub an elevated and functional commercial project. More prominent of these features include:
- Four main entrances to the mall
- Double-entry/access for most shops
- 24-hour power backup
- 24-hour security and CCTV surveillance
- Central fire protection system
- Air-conditioned corridors and common areas
- Wheelchair facility
- Medical emergency facility
- High-speed elevators and escalators
- Firefighting system
- Mosque/Prayer rooms
- Underground Parking (250+ vehicle storage facility)
Business Hub is being exclusively marketed by Zameen.com, which means you’re in store for some high capital gains and lucrative returns on investment. If you are looking to invest in this project, fill in the form available on this page; one of our efficient customer representatives will get back to you as soon as possible with all the needed information.
This is the latest news on real estate development in Punjab. If you want to know more, write to us at email@example.com. Also, keep checking Pakistan’s largest property blog, Zameen Blog for the latest news on Pakistan’s real estate.