Rise and Fall in Prices of Real Estate Lahore

The real estate market in Lahore is now a days enjoying a rather healthy growth, in sharp contrast to the property boom bubble that burst at the end of the year 2005, inflicting  huge to common people and investors.

Lahore is currently witnessing a major infrastructure development era as the Punjab government has kicked off mega projects.

According to property dealers and property experts, the idea of gated communities is appealing to people because of law-and-order problems prevailing in the society, encouraging many real estate masters to launch such projects at the best possible sites.

Migration from smaller cities to the big metropolitan has increased the demand for rented houses in gated communities and other localities, which has cause the start of construction activities and supported small and medium-scale developers.

Since 2010, when investor confidence started to rebuild after the end of property boom in 2005, land prices in high tech societies have increased more than 100%. The Defence Housing Authority (DHA) is taking the best lead as pieces of land in phase-6 and phase-7 are the most sought after items.

In DHA, phase-6, price of a one-kanal plot, which was once on average around Rs7 million in 2010, touched the Rs18-million threshold, an increase of 157% in the price. In the current correction phase, the prices have gone down by around 20%.

DHA society cannot be compared with others, but this doesn't mean that real estate prices in other parts of the city are not subject to variation. Prices in Gulberg and other parts have increased  according to the market trends, but these days the market was undergoing the process of correction, which was a healthy sign.

Schemes being developed under the Lahore Development Authority, have seen an increase. Price of a plot of one kanal has increased 30% on an average in the first 10 months of 2013, standing at around Rs12.1 million.

Real estate experts believe in the notion that this trend will continue despite some correction. The Lahore Ring Road project is a major factor due to which more construction will be seen in future.

DHA Lahore, Where you Stand out in Comfort, Safety and Lifestyle

In Pakistan when one has to refer to a quality and high standard housing society, he certainly points to the Defence Housing Authority. Defence Housing Authority or DHA, Lahore is one of the best examples of high standard housing societies in Pakistan. 

 It is suitable for three type of persons. One who wants to choose it for living and residing and want to give his family the quality lifestyle and second persons who wants to choose it for opening a commercial shop or office in Defence housing society and third type of person is he who wants to invest in the society for selling and purchasing of residential and commercial plots. Mainly it is a concept about DHA that only affluent class of Pakistan can purchase or live in this society but middle class after collecting the saving of their life can invest safely and without any fear of losing their money in this society and specially the overseas class of Pakistan is most attracted to it. They find it  most suitable choice for spending their hard earned money.

DHA, Lahore has many attractions and benefits for its residents and businessmen. The LUMS University is situated the society which is a leading university of Pakistan. All the commercial banks have their corporate and consumer banking branches in it. All the international food chains like McDonalds, KFC, Dunkin Donuts etc. prefer to open their outlets in the society. The ills and distractions of society like  processions, thefts, robberies, riots, harassment to ladies etc. are not found in the society, thanks to the internal security personnel and system of the society. Moreover this society is under strict control of Pakistan Army. 

You can roam about freely with your family anywhere in society and feel the comfort and sense of security. It has vibrant family and social life and usually the literate elite of society prefers to reside there. The maintenance of cleanliness of society is really unmatched . There are new avenues of interest being developed like world class golf resort. The Y-Block and H-Block markets are the main shopping centers which have all the entertainment stuff like food courts, cafes, fitness centers, gyms, gift shops and international food chains. There is sports club having a spacious swimming pool, SPA and gym.

There are two international sports complexes which have all the international facilities of a sports complex. As far as education standard is considered. The world class educational institutions like LUMS University, Beaconhouse School System, Lahore Grammar School, Ibn-e-Sina College, The Lahore Alma School, DHA Kindergarten and Defence Degree Colleges for boys & girls. The Lahore Model School is also there besides many quality private schools and colleges. The food lovers find on every road quality Cafes and world class food centers like Pizza Hut, MAC, Hardees, Jammin Java, The Hot Spot, Gloria Jean's cafe etc. The investment in DHA is always rewarded with profit and benefits and security of the hard earned money. There are also the Cinemas available for DHA residents adding to the entertainment stuff of the society.