Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Lahore’s real estate on the rebound
04-15-2013, 01:26 PM
Post: #1
Lahore’s real estate on the rebound
LAHORE: Lahore’s real estate sector, which has been under immense pressure due to lack of investment and trust, especially after the breakdown of the boom observed between 2003 and 2005, has finally started to rebound. The recovery has taken seven years, but this time it builds on more solid grounds.

Lahore’s real estate revolves mainly around the Defence Housing Authority (DHA), which has expanded massively in recent years. Although there are similar housing societies in the city which provide comparable living standards, prices for land in DHA are more volatile and sensitive to investor sentiment.

For the past year and a half, prices of plots in DHA have witnessed a steady upward trend. Price increases in some blocks have crossed even the 100% mark. For instance, the price of a residential plot in DHA Phase-8, a prime location in front of the Lahore airport, is around Rs11 million for one kanal of land. The price of that same plot around two years ago was around Rs4.5 million. Similarly, a one kanal plot in Phase-6, available two years ago for around Rs6.5 million, now costs Rs12 million.

Bahria Town, located on the other side of the city, has also witnessed an uptick in plot prices. Bahria Town, which has shot to prominence over the last decade, has witnessed a nearly 60% increase in prices for one kanal plots. A one kanal plot, available one and a half years ago for Rs5-5.5 million, is now available for Rs8-8.5 million.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Market Pulse & DHA Files Rates By Lahore Real Estate September 22, 2023 LRE-Azan 0 624 09-22-2023 05:54 PM
Last Post: LRE-Azan
  Market Pulse & DHA Files Rates By Lahore Real Estate April 03, 2023 LRE-Azan 0 892 04-03-2023 06:20 PM
Last Post: LRE-Azan
  Lahore Real Estate Ranked Top One and Won 1st Prize for Social Media Advertisement in LRE-Azan 0 1,274 06-01-2022 07:45 PM
Last Post: LRE-Azan
  Lahore Property Prices Update By Lahore Real Estate ® April 30, 2015 Salman 0 6,762 04-30-2015 05:29 PM
Last Post: Salman
  Lahore Property Prices Update By Lahore Real Estate ® April 27, 2015 Salman 0 6,015 04-27-2015 01:45 PM
Last Post: Salman
  Lahore Property Prices Update By Lahore Real Estate ® April 21, 2015 Salman 0 5,695 04-21-2015 03:16 PM
Last Post: Salman
  Lahore Property Prices Update By Lahore Real Estate ® April 14, 2015 Salman 0 5,846 04-14-2015 03:11 PM
Last Post: Salman
  Lahore Property Prices Update By Lahore Real Estate ® April 08, 2015 Salman 0 5,729 04-09-2015 04:22 PM
Last Post: Salman
  LDA City Lahore Location Map And Detailed Information By Lahore Real Estate Salman 0 7,950 01-18-2014 05:35 PM
Last Post: Salman
  Bahria Town Lahore Karachi Files Rates Update From Lahore Real Estate Jan 16,2014 Salman 0 9,455 01-17-2014 12:31 AM
Last Post: Salman
  Real estate market in Lahore undergoes correction Salman 0 11,078 11-04-2013 04:44 PM
Last Post: Salman
  DHA Lahore Phase 8 Development Updates From Lahore Real Estate Salman 0 90,146 09-24-2012 04:22 PM
Last Post: Salman
  Lahore Real estate business slumps as rates remain stagnant in 6 years Salman 0 5,235 10-14-2011 01:26 PM
Last Post: Salman
  Floods take their toll on Lahore’s real estate market Lahore_Real_Estate 0 4,378 08-28-2010 11:46 AM
Last Post: Lahore_Real_Estate
  Oil rebound to top $ 74 per barrel Lahore_Real_Estate 0 2,813 08-24-2010 11:06 AM
Last Post: Lahore_Real_Estate
  UAE Pual Real Estate will invest 1.4 billion USD in DHA Lahore Time SQ LahoreEstate 0 3,332 09-06-2009 12:02 AM
Last Post: LahoreEstate
  Real Estate welfare Association Protests at Lahore Press Club LRE 0 3,278 07-23-2009 07:10 PM
Last Post: LRE
  Should not impose any new tax on Real Estate: President Real Estate Defence LahoreEstate 0 2,943 05-22-2009 09:02 AM
Last Post: LahoreEstate
  DHA Estate Agents Association in Express Forum on Real Estate Taxes LRE 0 4,376 05-21-2009 08:35 AM
Last Post: LRE
  Real estate cheques bounce in DHA:Lahore LahoreEstate 0 3,368 02-16-2009 08:02 AM
Last Post: LahoreEstate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)