The Perks of Property Investment in Lahore
Known to the locals as the ‘cultural heart of Pakistan’, the city of Lahore is famous among Pakistanis for its historical architecture, delicious foods, and rich culture. It’s a place where old-fashioned meets modern. When compared to other major Pakistani cities, Lahore has ample green parks and spaces. The cultural heritage sites in the city, the spicy food, and the energetic environment, etc. all combined are what compel people to make an investment in the city.
There are several profitable investment opportunities in this city due to the presence of a number of key factors that increase the investment potential. These factors are discussed below.
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The real estate market in Lahore offers the highest return rate in the country. This is due to the numerous investment opportunities the city has to offer and new projects being developed now and then. Even though the COVID-19 pandemic slowed things down in the real estate market, but for the city of gardens, it was just the start of ventures.
Since most things were closed during the pandemic, people got a chance to visit and explore this city to their heart’s content. This led to more people being aware of Lahore’s Gulberg area, which is the prime location for making an investment. This region has an abundance of entertainment centers, eateries, and retail shops to cater to people’s needs. Making an investment in the commercial sector of this area would bring in high-profit returns as more and more ventures are opening up in the area on the daily
Over the last couple of years, real estate investment had gone up drastically in this city. With this rise in the investment rate, the competition in the market also increased. Each new investment opportunity offered the latest luxuries, amenities, and facilities to get as many investors as possible. All these ventures also promise a high return rate in the residential and commercial sectors.
However, before making an investment in any project, it’s best to find out if they have been approved by the Lahore Development Authority or not. Most projects that have been given the NOC approval by LDA have great potential with the market value of the properties increasing with each year.
High-End Facilities and Amenities
The luxurious societies in the city offer the best facilities and amenities that are unmatched to this day. The city has had no illegal residential or commercial projects till now and due to this, one can explore the city without any hurdles. With growing traffic and an increase in tourism, new road networks are constructed almost every year to keep the city from facing severe traffic jams.
Most housing societies are high in demand because of the facilities they offer, security and safety is the top priority. Since Lahore is a big city and it takes time to get from one place to another, housing societies like Bahria Town, Gulberg, and DHA provide all sorts of facilities in one place. These gates communities offer high-end recreational activities such as gyms, spas, parks, etc. The commercial sector consists of local and international retail brands, eateries, cafes, entertainment centers, cinemas, and much more to better accommodate the residents and save their traveling time.
Lastly, the best perk of making an investment in Lahore is the chance to experience the rich cultural heritage the city has to offer. Historical places like the Badshahi Masjid, Wazir Khan Masjid, and the Shahi Qila can only truly be experienced if an individual has ample time, which is only possible if the individual lives there.
Much like the state of California, Lahore is also considered the fashion capital of the country due to the film industry’s presence in the city. Shops in Liberty Market and on MM Alam Road is every fashion lover’s one-stop destination, offering the latest international and local clothing trends. As for the food, the city is famous for its traditional breakfast cafes, offering parathas, nihari, payee, and much more. Although all traditional eateries offer the best food in the city, Gawalmandi is heaven for food lovers out there, providing the locals with delicious traditional Punjabi cuisines.