Pakistan’s second largest city, Lahore, is often listed among the most populous cities of the world. Due to its rich history and culture, it is said to be the heart of the country, having a population of 11,126,285, according to the 2017 census. Also, the city is known for being one of the richest in Pakistan with a GDP of $127 billion (purchasing power), as of 2017. Lahore’s vibrant culture is an exemplary amalgamation of music, food, festivals, politics, literature, art and language. It is also the hub of Pakistan’s publishing industry. Lahore Literary Festival is held annually in the city, which is one of the most important cultural events in South Asia. The event centres around music, politics, writing (fiction and nonfiction), architecture and films.
The latest developments in the city by the Government of Pakistan over the past decade have significantly impacted the real estate in Lahore. Various amendments in law, changes in federal budget and property investment trust have helped convince people to invest more in properties here. Meanwhile, builders are frequently launching new projects in the city to meet the increase in demand for residential properties. However, a majority of those projects can be found in the suburbs of Lahore. The land near the airport, Ferozpur Road and main Raiwind Road is available for sale. The plot prices near Ferozpur Road and Raiwind Road are quite affordable with a flexible payment schedule. Plots in Lahore within schemes in these locations may provide a high return on investment in the coming years. However, it comes down to the buyer, ultimately, to decide where to invest their money after thoroughly researching the pros and cons of an area.
Housing schemes like Bahria Town, DHA, Central Park Housing Scheme (CPHS), New Lahore City, Bahria Nasheman and DHA Phase VIII are among the top projects, offering world-class infrastructure, facilities and lifestyle. Thus, buying a plot in Lahore within these projects might prove profitable in the future.