PM inaugurates Peri Urban Housing Scheme in Lahore

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LAHORE: Prime Minister Imran Khan on his visit to Lahore today inaugurated  Punjab Peri-Urban Housing Scheme at Raiwind.

On the occasion, the PM also virtually inaugurated the same schemes in 10 tehsils of Punjab including DG Khan, Khushab, Khanewal, Mianwali, Jalalpur Pirwala, Sargodha, Chiniot, and Chunian.

According to the details, the Punjab Board of Revenue for the construction of residential colonies in 35 districts of the province has offered 133 different sites. The colonies will comprise 100 to 500 units.

The first phase of the scheme will be developed by Frontier Works Organisation (FWO) which will include the construction of housing units over 3.5 Marla.

The Punjab Peri-Urban Housing Scheme is the joint collaboration of the Punjab Government and Naya Pakistan Housing and Development Authority.

 

For more news, visit Graana.com 



Top 5 Locations to Buy a Residential Plot in Lahore

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Lahore – the City of Gardens, is considered the cultural capital of Pakistan. It has a rich history and is home to numerous artists, poets, educationalists, musicians and leaders. Founded in legendary times, the city also hosts various tourist attractions such as the Lahore Fort, Wazir Khan Masjid, Badshahi Masjid, Jahangir’s Tomb etc. 

The vibrant city is a financial hub with various factories and industries. As of 2019, the Gross Domestic Product(GDP) of Lahore was $84 billion. The multidimensional aspects of the city make it an interesting place for people to build their homes. 

For the ease of people looking to buy a residential property or invest in Lahore, Graana.com identifies the top 5 locations to buy a residential plot.

 

Top 5 Locations to buy a Residential Plot
Sr. No Area Size Price Range Size Price Range Size

Price Range

1

 DHA Phase 6 5 Marla 60 lacs – 90 lacs 10 Marla 1.35 crore – 2.5 crore 1 Kanal

1.65 crore – 4.75 crore

2

 DHA Phase 7 5 Marla 70 lacs – 75 lacs 10 Marla 85 lacs – 1.5 crore 1 Kanal 1.25 crore – 3.25 crore

3

 DHA Phase 8 5 Marla 40 lacs – 70 lacs 10 Marla 60 lacs – 1.85 crore 1 Kanal

1.05 crore – 4.50 crore

4

 DHA Phase 9 5 Marla 40 lacs – 60 lacs 10 Marla 60 lacs – 1 crore 1 Kanal

95 lacs – 2.25 crore

5

 Bahria Town 5 Marla 50 lacs – 80 lacs 10 Marla 70 lacs – 1 crore 1 Kanal 1.05 crore – 3.5 crore

DHA Phase 6

Defence Housing Authority (DHA) Phase 6 is among the top places to buy a residential plot in Lahore. It has all the amenities required to live a life of luxury. The phase is 14 minutes away from the Allama Iqbal International Airport and also has easy access to Bedian Road and Barki Road. The sector hosts notable educational institutes like Roots Millennium School (RMS), The City School,  Lahore Garrison University (LGU) and The Millennium Universal College (TMUC). The reputable Lahore University of Management Sciences (LUMS) is also a 12-minute drive from Phase 6. There are several banks located in the area that include Faysal Bank, Muslim Commercial Bank (MCB), United Bank Limited (UBL) and Askari Bank etc. For recreational purposes, Defence Raya Golf and Country Club are situated in Phase 6, DHA to provide an enriching experience for golfers and anyone who wishes to enjoy the great outdoors. These state of the art facilities make this sector an excellent choice for people looking to buy a residential property in Lahore. 

The property prices for residential plots are given below: 

  • For a 5-Marla plot, the price range for a residential plot is between Rs 60 lacs to 90 Lacs. 
  • For a 10-Marla plot, the price range varies between Rs. 1.35 crores to RS. 2.5 crores.  
  • For a 1 Kanal plot, the price range for a residential plot is between Rs. 1.65 Crores to RS. 4.75 Crores.

Find more residential plots in Lahore.

 

DHA Phase 7

DHA Phase 7 is a great choice for someone interested in buying a residential plot in Lahore. Although in its developing stages, it has great growth potential. The space available is huge and the presence of Barki road on one side and Rohi Nala on the other end makes it an interesting choice among investors. It is also close to DHA phase 6 and DHA Phase 8 which increases its residential appeal. Initially, electricity backup was not available but owing to increasing population demands, the DHA management has agreed to set up 21 grid stations which will solve electricity issues in the sector. 

The prices for residential plots in DHA Phase 7 are given below:  

  • The price range for a 5 Marla residential plot is between Rs 70 lacs to Rs 75 Lacs. 
  • The price range for a 10 marla residential plot is Rs 85 Lacs to Rs 1.5 Crores.  
  • The price range for a 1 Kanal residential plot varies between Rs 1.25 Crore to Rs 3.25 Crores.

 

Find more residential plots in DHA Phase 7 Lahore

 

DHA Phase 8

DHA Phase 8 is developing at a fast pace. The majority of the plots in DHA Phase 8 have been booked or sold. Construction of some of the houses is also underway. Although it is not fully developed it still has major facilities such as banks like Muslim Commercial Bank (MCB), Allied Bank Limited and Meezan Bank. Various restaurants and recreational avenues have also opened up which includes restaurants like Outpost BYOB (Build Your Burger) and The High End. Not only this, the area hosts Fitness Planet Gym & Crossfit Studio which is a fitness centre for both men and women. It is situated on Ex-Air Avenue. 

As per the given data, the residential plots in DHA Phase 8 are in the price range: 

  • 5 Marla residential plots in DHA Phase 8 cost Rs 40 Lacs to Rs 70 Lacs. 
  • 10 Marla residential plots in DHA Phase 8 cost Rs 60 Lacs to Rs 1.85 Crores. 
  • 1 Kanal residential plot in DHA Phase 8 cost on average Rs 1.05 Crores to Rs 4.50 Crores.

Find more residential plots for sale in DHA Phase 8 Lahore.

 

DHA Phase 9

DHA Phase 9 is under development, however, the plots have been recently balloted. The phase is expected to be the largest phase in Lahore with state of the art development and all modern-day facilities to facilitate the residents. It is likely to follow the same pattern as the other DHAs with excellent schools, hospitals, entertainment places, banks etc. It is a lucrative place to buy a residential plot in Lahore with immense growth potential.

The property prices for residential plots in DHA Phase 9 are mentioned below: 

  • For a 5-Marla plot, the average price for a residential plot is Rs 40 lacs to Rs 60 lacs. 
  • For a 10 Marla plot, the price range is Rs 60 Lacs to Rs 1 Crores.
  • For a 1 Kanal plot, the average price for a residential plot is between Rs 95 Lacs to Rs 2.25 Crores.

Find more residential plots for sale in DHA Phase 9 Lahore.

 

Bahria Town

Bahria town projects are managed by Bahria Town (Private) Limited which have developed spectacular infrastructure over time and have amassed great interest in their housing colonies. Bahria town is planned meticulously with great attention to detail. The wide roads are lined with Dubai styled palm trees while the infrastructure has been given a roman touch. The society also has top of the class amenities such as armed guards for security and CCTV cameras. An uninterrupted supply of electricity is also available in this self-sustained society. This makes it a great location to buy a residential plot in Lahore. 

The current estimates show the prices of residential plots in Bahria Town, Lahore. They are given below: 

  • The price range for a 5 Marla residential plot on average is between Rs 50 lacs to Rs 80 Lacs.
  • The price range for a 10 Marla residential plot is Rs 70 Lacs to Rs 1 Crore. 
  • The price range for a 1 Kanal residential plot is Rs 1.05 Crores to Rs 3.5 Crores. 

Find more plots for sale in Bahria town Lahore.



Top 5 Locations to Buy a Commercial Plot in Lahore

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The city of Lahore is also known as the ‘heart of Pakistan’ –renowned for its architecture, cuisine, cultural, and political history, the city also provides a great impetus to the economy of Pakistan. As per the forecasts, it is estimated that by the year 2025, the GDP of Lahore will cross the $100bn mark and will serve as an economic vigour for the economy of the whole country. Similarly, like every other major urban centre of the world, Lahore engulfs major economic sectors including manufacturing, services, and quaternary.

Moreover, the real estate market of Lahore is also ripe and can serve the interests of various real estate investors looking to make the most out of either the residential or commercial aspect. The civic authority of the provincial capital – Lahore Development Authority (LDA) is tasked to carry out the development work and town planning of the city.

For the convenience of investors looking to buy commercial plots, Graana.com identifies the top 5 locations to buy a commercial plot in Lahore.

 

Top 5 Locations to buy a Commercial Plot
Sr. No Area Size Price Range Size Price Range
1 DHA Phase 5 4 Marla Rs. 3 crore – Rs. 11 crore 8 Marla Rs. 7 crore – Rs. 30 crore
2 DHA Phase 6 4 Marla Rs. 3.75 crore – Rs. 12.5 crore 8 Marla Rs. 7 crore – Rs. 26 crore
3 DHA Phase 7 4 Marla Rs. 3.2 crore – Rs. 4.7 crore 8 Marla Rs. 5.5 crore – Rs. 8 crore
4 DHA Phase 8 4 Marla Rs. 3.25 crore – Rs. 8.5 crore 8 Marla Rs. 6.5 crore – Rs. 15 crore
5 Bahria Town 5 Marla Rs. 1.5 crore – Rs. 6 crore 8 Marla Rs. 2.05 crore – Rs. 6.5 crore

 

DHA Phase 5

First among all the locations on which an individual can deliberate on buying a commercial plot is Defence Housing Authority (DHA) Phase 5. DHA phase 5 is already renowned for the business activities emanating in the area moreover, DHA phase 5 also hosts the renowned educational institute of Pakistan – Lahore University of Management Sciences (LUMS) and is also situated near Lahore Ring Road. The area has all the basic facilities and amenities ranging from hospitals, parks, security, and all the basic utilities which are a prerequisite for starting a commercial activity.

The prices of commercial plots in DHA Phase 5 is explained below

  •         As per the table, or a 4 Marla commercial plot in DHA phase 5, the price bracket is set between Rs3cr-Rs11cr. The variation in prices is dependent on various factors therefore, a buyer should have a budget in this price range before buying a commercial plot in DHA Phase 5.
  •         Furthermore, for an 8 Marla commercial plot, the price range is between Rs7cr-Rs30cr. Owing to the increased size of the plot,  prices are varying between the price bracket.

Find more commercial plots in DHA Phase 5 Lahore.

 

DHA Phase 6

The next location on the list is DHA Phase 6, the potential buyer from the investment point of view can also buy a commercial plot in this phase as it can provide a suitable base to different startups and enterprises. DHA Phase 6 is also equipped with basic utilities and amenities which are necessary prerequisites for setting up a business. The area has some famous grocery stores, banks, restaurants, and salons which gives a rough idea about the commercial activities in DHA Phase 6. Furthermore, Lahore Garrison University is also situated in the DHA Phase 6. The price range of commercial plots in DHA Phase 6 is as follow

  •         As per the given data, the price range of a commercial plant over 4 Marla in DHA Phase 6 varies between Rs3.75cr-12.5cr. The price of the 4 Marla plot in the commercial area of DHA Phase 6 is slightly above the commercial plot of the same size in DHA Phase 5.
  •         Similarly, the price range of a commercial plot of 8 Marla IN DHA Phase 6 oscillates between Rs7cr-Rs26cr. Thus, a potential buyer should keep in mind these prices and plot size before buying a commercial plot in DHA Phase 6.

Find out more commercial plots in DHA Phase 6 Lahore.

 

DHA Phase 7

DHA Phase 7, as compared to the above-mentioned phases of DHA is in the development phase. However, from the perspective of future investments, the commercial area of DHA Phase 7 is among the commercial areas which have the potential to give suitable returns on the investment. It is being envisioned that the commercial area of DHA Phase 7 will also host renowned commercial entities in the future like other commercial areas of DHA. Moreover, the housing authority has provided basic infrastructure including carpeted roads.

The price range of 4 and 8 Marla commercial plots is explained below

  •         According to the data given in the table, the commercial plot spanning over 4 Marla varies between Rs3.2cr-4.7cr. As compared to the commercial plot of the same size in DHA Phase 6, the prices of the 4 Marla commercial plots in DHA Phase 7 are low.
  •         Similarly, the price range of a commercial plot over 8 Marla in DHA Phase 7 varies between Rs5.5cr-Rs8cr. The prices of 8 Marla commercial plots in DHA Phase 7 are also lower than the prices in DHA phase 6. Therefore, an investor having budget constraints can deliberate on buying a commercial plot in DHA Phase 7.

Find more commercial plots in DHA Phase 7 Lahore.

 

 

DHA Phase 8

DHA Phase 8 also holds great potential from the perspective of future investments. For the commercial area of DHA Phase 8, it is also being envisioned that the commercial area will become a hub of commercial activities in the future. The DHA Phase 8 is also equipped with all basic facilities and can provide a strong base for businesses and other commercial activities. The prices of the commercial plot in DHA Phase 8 is explained below

  •         As per the provided data, the price range of the 4 Marla commercial plot in DHA Phase 8 varies between Rs3.25cr-Rs8.5cr. The prices of 4 Marla commercial plots in DHA Phase 8 are relatively higher than the plots of the same size in DHA Phase 7.
  •         Furthermore, the price range of the 8 Marla commercial plot in DHA Phase 8 lies between Rs6.5cr-Rs15cr. The price variation is determined on various factors moreover, the prices of 8 Marla commercial plots are relatively higher than the commercial plots of the same size in DHA Phase 7.

Find more commercial plots in DHA Phase 8 Lahore.

 

Bahria Town

The last area on the list is Bahria Town, Lahore. One of the renowned projects in the real estate industry, Bahria Town provides safe investment opportunities to potential investors. Bahria Town is also equipped with all the basic utilities and amenities which are necessary for providing a suitable environment for commercial activities. Similarly, the commercial area of Bahria Town hosts major brands and it is being said that Bahria Town will become a major hub of commercial activities in Lahore. The prices of commercial plot in Bahria Town is explained as follows

  •         As evident from the data provided in the table, the price range of a commercial plot over 5 Marla oscillates between Rs1.5cr-Rs6cr. The starting value of a plot is Rs1.5cr and based on various factors can end up at Rs6cr.
  •         Similarly, the price range of an 8 Marla plot in Bahria Town lies between Rs2.05cr-Rs6.5cr. The prices of the 8 Marla commercial plots in Bahria Town are lower as compared to the commercial plots of the same size in DHA.