Introduction to Lahore’s Real Estate Market
The real estate market of Pakistan is booming and is anticipated to touch a value or US$1.98 trillion in 2024. Further, the real estate market in Pakistan has been in high demand for luxury projects. So, the Lahore real estate file prices are also in high demand because of the NOC-approved housing societies, economic growth, rapid urbanization, overseas investment and population growth.
Lahore, the second largest city in Pakistan, has an estimated population of 14,407,100. On the other hand, Lahore’s real estate market has been expanding over the years and introducing the most luxurious residential and commercial projects. Therefore, the Lahore real estate projects’ file prices are in high demand, offering contemporary features in prime locations.
Lahore has two types of housing market:
- For High Income Earner
- For Middle to Low Income Group
According to an estimation, approximately 45% of the population lives in slum quarters and Katchi Abadis, but there are no statistics available.
Lahore’s lifestyle, economic growth through sustainable infrastructure, and economic opportunities are also intensifying the demand for real estate. In this blog, we will discuss the major factors driving Lahore’s real estate market.
Overview of the Rising Demand for Property in Lahore - Lahore Real Estate File Prices
The real estate market of Lahore has been providing a number of opportunities to investors and entrepreneurs to invest in real estate projects for long-term financial security. Further, the demand for luxury residential projects is increasing in Lahore. Lahore is the second-largest city of Pakistan and has an estimated population of 14,407,100.
Population growth and swift urbanization have increased the demand for affordable housing projects. The demand will increase daily as people come to Lahore for better job opportunities and luxury living standards. Moreover, the gated communities and housing societies have increased the demand for property in Lahore.
Importance of File Prices in the Real Estate Market
A plot file of any society carries significant information, including its LOP (Layout Plan), developmental plan, and other important information for investors to know before acquiring any property. The demand for a property and its value is determined by the Plot file prices in the real estate market. Further, after the selling of a plot file, the developers of the society use that money to acquire land for the housing project, and those plot files that contain all the concerned information like its development plan, layout plan, master plan, facilities, and amenities are more valuable and demand for higher file rates in the real estate market of Lahore.
Top 5 Popular Housing Societies in Lahore
Lahore is a vibrant city with a population of 14 million. The real estate market of Lahore has been in high demand because of rapid urbanization and employment opportunities. To fulfill the housing gap, many renowned builders and developers have acquired land for residential purposes officially approved by the concerned authorities in the prime location of Lahore. These housing societies are Kingdom Valley Lahore, Blue World Shenzhen City, Lahore Smart City, Soul City Lahore, and China Town Lahore.
Brief Overview of the Selected Housing Societies
Kingdom Valley Lahore
Kingdom Valley Lahore, Pakistan’s first waterfront housing society, is a Kingdom Group project located at M-3 (Lahore—Abdul Hakeem) Motorway and Lahore-Jaranwala Road. RUDA (Ravi Urban Development Authority) has NOC-approved this project. Mr. Ghulam Hussain Shahid Sanpal is the owner and developer of KV Lahore.
Further, Kingdom Valley Lahore is offering residential and commercial plots in several sizes, including
Residential Plots
- 5 Marla
- 5 Marla
- 7 Marla
- 10 Marla
- 1 Kanal
Commercial Plots
- 2 Marla
- 4 Marla
- 8 Marla
Kingdom Valley Lahore’s payment plan offers a plot with a 10% down payment followed by a 7% confirmation fee. The management offers 35 monthly installments and 7 semi-annual installments. Moreover, a 10% amount must be paid at the time of balloting.
Blue World Shenzhen City
Blue World Shenzhen City, Lahore’s first water lagoon community, is a project that was developed with the collaboration of the Imperium Group of Companies, Blue Group of Companies, and a well-known Chinese construction firm. The society is located on the main Canal Road Lahore and boasts to be NOC-approved by (PHATA) Pakistan Housing and Town Planning Agency.
Blue World Shenzhen City has residential and commercial spaces in different sizes:
Residential Plots
- 3 Marla
- 5 Marla
- 8 Marla
- 10 Marla
- 1 Kanal
Commercial Plots
- 3 Marla
- 5 Marla
- 8 Marla
Lahore Smart City
Lahore Smart City, the first smart city of Lahore, is the project of Future Development Holdings Private Limited, Surband Jurong, and Habib Rafique Private Limited. Further, Surbana Jurong is the master planner of this housing project. The society is situated on Muslim Road, Tehsil Ferozwala, and close to Lahore Bypass Road, which conveniently accesses M-11 (Lahore-Sialkot) Motorway via GT Road. Above all, Lahore Smart City is NOC-approved by the Lahore Development Authority.
Lahore Smart City’s Residential and Commercial Plots
Residential Plots
- 5 Marla
- 7 Marla
- 10 Marla
- 12 Marla
- 1 kanal
Soul City Lahore
Marwa Builders and Developers develop Soul City Lahore. The society is situated near Halloki Interchange and easily accessible from Lahore Ring Road, Raiwind Road, Ferozpur Road, and the M-2 Motorway. Regarding Soul City Lahore NOC status, the society is technically Approved by LDA (Lahore Development Authority) and has been granted 1817.32 Kanals of land to offer 5 Marla, 10 Marla, and 1 Kanal plots.
China Town Lahore
China Town Housing Scheme is NOC-approved from Lahore Development Authority and has obtained 152.95 Kanals of land in the initial stage of development. The society is located at Mouza Halloki near Kala Shah Kaku Interchange and is easily accessible from Lahore Eastern Ring Road, Allama Iqabal International Airport, M-11 (Lahore-Silakot) Motorway, and Thokar Niaz Baig.
Mr. Tanveer Ahmad Bajwa is the Chairman, whereas Mohammad Irfan Rafique is the Chief Executive Officer of CT Lahore.
Residential Plots
- 3 Marla
- 5 Marla
- 7 Marla
- 10 Marla
- 1 Kanal
- 2 Kanal
Comparative Analysis of File Prices - Lahore Real Estate File Prices
Factors Influencing File Prices in Different Societies
There are several significant factors that are increasing the file prices including:
- Land Features and Geographical Placement
- Potential Future Development of the Area
- Current Buyer-Friendly Conditions in Lahore’s Real Estate Market
- Proximity to Local Amenities
- Rapid Urbanization
- Population Growth
- Higher Standard of Living
- Growth of Infrastructure Development
- Infrastructure Projects such as close proximity to Airport, Motorways, Lahore Ring Road, and Public Transportation
- Government Policies
- Facilities and Amenities like academic institutions, medical facilities, entertainment spaces etc.
Kingdom Valley Lahore
Current File Prices
Kingdom Valley Lahore offers 3.5, 5, 7, 10 Marla, and 1 Kanal plot files with a 10% down payment and 7% confirmation amount. Further, the installment plan of KV Lahore offers 35 monthly installments followed by 7 semi-annual installments. Moreover, a 10% amount must be paid at the time of possession.
Break Down of Kingdom Valley Lahore 5 Marla File Price
- Size: 5 Marla
- Total Price: 30,000,000 PKR/-
- Down Payment: 300,000 PKR/-
- Confirmation: 210,000 PKR/-
- Balloting Amount: 300,000 PKR/-
- 7 Semi-Annual Installments 187,000 PKR/-
35 Monthly Installments: 25,172 PKR/-
Blue World Shenzhen City
File Prices in Blue World Shenzhen City
Blue World Shenzhen City Lahore’s payment plan offers 40 monthly installments and down payment is set at 10%. Further, a 5% confirmation fee must be submitted on the spot. Moreover, management provides 8 half-yearly installments to reduce your financial burden. In addition, upon possession, 11% must be paid.
Break Down of Blue World Shenzhen City Lahore 5 Marla File Price
- Size: 5 Marla
- Total Price: 4,440,000 PKR/-
- Down Payment: 440,000 PKR/-
- Confirmation: 220,000 PKR/-
- 40 Monthly Installment: 40,000 PKR/-
- 8 Half-Yearly Installment: 160,000 PKR/-
- Balloting Amount: 448,000 PKR/-
- Possession Amount: 448,000 PKR/-
Lahore Smart City
File Price Trends in Lahore Smart City
Lahore Smart City has been offering 3 years installment plan with a 10% booking amount. Further, the confirmation amount will be paid after 1 month of booking, and the 1st quarter installment must be paid after 3 months of booking. On the other hand, the investors can get a benefit of 5% on a 50% down payment, whereas they can save 10% on a lump sum payment.
Break Down of Lahore Smart City 5 Marla File Price
- Size: 5 Marla
- Total Price: 2,845,000 PKR/-
- 10% Booking Amount: 284,500 PKR/-
- Confirmation Amount: 284,500
- 1stto 12th Quarter Installments: 189,700 PKR/-
Soul City Lahore
Analysis of File Prices in Soul City Lahore
Soul City Lahore has a 3-year installment plan for 3 Marla on the ballot plot and a 2.5-year payment plan for 3 Marla, 5 Marla, 10 Marla, and 1 Kanal plot. The down payment is set at 17.50%. Further, a 10% amount will be submitted upon balloting and 10% at the time of possession.
Break Down of Soul City Lahore 5 Marla File Price
- Size: 5 Marla
- Total Price: 3,696,000 PKR/-
- 50% Down Payment: 646,620 PKR/-
- 10% Balloting Amount: 369,500 PKR/-
- 10% Possession Amount: 369,500 PKR/-
- 1stto 10th Installments after every 2 months: 230,938 PKR/-
China Town Housing Scheme
File Prices and Market Positioning China Town Housing Scheme
China Town Housing Scheme offers 5 year installment plan including 20% booking amount, 11.7% balloting amount, and 18.5% possession charges.
Break Down of China Town Lahore 5 Marla File Price
- Size: 5 Marla
- Total Price: 1,500,000 PKR/-
- Booking Amount: 300,000 PKR/-
- 60 Monthly Installments: 12,500 PKR/-
- Balloting Amount: 175,000 PKR/-
- Possession Amount: 275,000 PKR/-
Factors Driving Price Fluctuations in Lahore’s Real Estate - Lahore Real Estate File Prices
Lahore real estate file prices have been changing and fluctuating with several factors such as economic trends, infrastructure developments and government policies. The economic trends like Gross Domestic Product (GDP) growth and inflation rates are influencing directly the purchasing power and investment confidence. Furthermore, the expansion of infrastructure development of the Lahore city and the development of newly carpeted road networks that not only enhance smooth connectivity to other cities but also attracting investors and entrepreneurs. Therefore, these factors are increasing the Lahore real estate file prices. In addition, the tax incentives by the government policies for housing projects and developers fluctuates market dynamics. To understand these major factors is mandatory before investing in Lahore real estate file prices to get the most lucrative opportunity.
Conclusion: Best Investment Opportunities based on File Prices
Lahore real estate prices fluctuate because of infrastructure development and a society’s master plan. We have selected the top 5 popular housing societies that are in demand in Lahore real estate. All the housing societies are NOC-approved, and your investment will be safe and secure in whichever society you invest in.
Final Though on Where to Invest based on File Price Comparison - Lahore Real Estate File Prices
In Lahore, the real estate file prices of China Town are low compared to other housing societies because it is a newly launched society, and it will take many years to be established. Further, the payment plan of selected housing projects can cause a burden as most of the societies are offering quarter installment plans.
After in-depth analysis of these societies’ locations, facilities and amenities, master plan, comprehensive payment plan, and NOC status, we can categorically inform you that Kingdom Valley Lahore is one of the best housing societies in Lahore real estate regarding file prices. So, invest in this society and secure your financial investment.
Waseem Ali works as a Web content writer at LBD Marketing. Having 2 years of experience in writing for the Pakistani real estate market, he is proficient in writing and editing skills that drive organic traffic. Mr. Ali has a master’s degree in Mass Communication. During his leisure time, he reads, plays cricket, football and wooden soccer, and does window shopping.
