Comparative Analysis of Property in Lahore
Lahore’s property sector has begun to register fascinating market trends because the real property consumers take the lead. Rightdeed search trends GT Road have gained twenty-one quality index purpose alone have discovered in Lahore. GT Road has several private housing societies settled in it.
As per statistics recorded by Rightdeed search trends in could 2018, the highest 3 societies explored are:
- Al-Ahmad Garden Housing Society
- SA Gardens
- Al-Raheem Garden Phase 5
Here is a quick look for buyers on a hunt to purchase property for their personal use at these societies.
Al-Ahmad Garden Housing Society
This society is located near Daroghawala opposite Manawan Police Training Center on GT Road. The society has TMA approval for its Blocks A, B, and C, while property buying for plots in Blocks D, E, and F also continues as the developer offers plots on registry and transfer. It features residential plots in sizes of 3 marlas, 5 marlas, 6 marlas, 7 marlas, 8 marlas, and 10 marlas. With 3-marla plots available in a limited number, demand for them is much higher in comparison with the others, and consequently, their per marla rate is also higher:
Size of Plots Prices
3 Marlas Rs. 1,650,000 - Rs. 1,950,000
5 Marlas Rs. 2,125,000 - Rs. 3,250,000
6 Marlas Rs. 2,550,000 - Rs. 3,900,000
7 Marlas Rs. 2,975,000 - Rs. 4,550,000
8 Marlas Rs. 3,400,000 - Rs. 5,200,000
10 Marlas Rs. 4,200,000 - Rs. 6,650,000
The society is found on GT Road close to Kala crowned head Kaku interchange of Lahore-Islamabad motorway M-2. On Rightdeed Search Trends, the society wasn’t graded among the highest ten before April 2018, once it landed directly on the third spot, and reached the quantity one position it could.
SA Gardens is the LDA-approved project that options residential plots primarily in sizes of three marlas, 4 marlas, 5 marlas, 8 marlas, and ten marlas, however, the developer has also begun to cater to the requirements of consumers with larger budget brackets by providing farmhouses. However, the actual fact remains that the smaller choices are additional in demand without delay.
The society includes 3 phases that include many blocks. presently booking for residential plots in phase two Extension is current whereas phase I and also the main areas of phase 2 have plots offered on money payment. Here are the present market rates:
Phase Plot size Price
3 marla Rs. 800,000 – Rs. 1,000,000
4 marla Rs. 1,200,000 – Rs. 1,500,000
Phase 1 5 marla Rs. 1,200,000 – Rs. 1,500,000
8 marla Rs. 2,000,000 – Rs. 2,400,000
10 marla Rs. 3,000,000 – Rs. 3,200,000
3 marla Rs. 1,000,000 – Rs. 1,500,000
Phase 2 5 marla Rs. 1,150,000 – Rs. 2,000,000
8 marla Rs. 2,500,000 – Rs. 3,500,000
10 marla Rs. 2,200,000 – Rs. 5,500,000
Al-Raheem Gardens Phase V
It is settled on Main GT Road close to city Ring Road’s Quaid-e-Azam Interchange. The phase has Town Municipal Authority (TMA) approval, and plots here are offered on a register and transfer basis. consistent with sources comes settled during this a part of town represent TMA jurisdiction, wherever not having Associate in Nursing LDA approval isn't a difficulty. moreover, the consumers' square measure largely keen to speculate for projects and property the developer provides to transfer and register on their names.
Al-Raheem Gardens phase V primarily options 5-marla residential plots, however, different sizes also are available; three marlas, 6 marlas, 10 marlas, and a restricted variety of 1-Kanal plots. whereas the 5-marla plot class is presently the foremost common one, the per marla rate for 3-marla plots is that the highest as the part options solely a restricted range of those plots.
The phase is totally developed, with possession obtainable for the consumers to begin construction of their homes. Here are the present market rates:
Size of Plot Price
3-marla Rs. 2,200,000 – Rs. 2,400,000
5-marla Rs. 3,600,000 – Rs. 3,700,000
6-marla Rs. 4,200,000 – Rs. 4,500,000
10-marla Rs. 70,000,000 – Rs. 75,000,000
If you have any other Housing society which is located at GT Road and you want Rightdeed to cover it then let us know. We will check your suggestion.
Do not forget to comment in the comment’s section.
July 10, 2018 AT 07:27 AM
property values are quite low, as buyers are rare, maybe property taxes and land reforms are the reason behind?
July 12, 2018 AT 04:06 AM
SA Garden is an LDA approved scheme?
July 14, 2018 AT 12:28 AM
all these societies are on GT Road. can you please mention the best housing schemes on Ferozpur road other than Bahria Nasheman?