Gulberg is one of the ten towns that come under Lahore city district, with the other ones being Wahga, Samanabad, Data Gunj Bakhsh, Ravi, Aziz Bhatti, Allama Iqbal, Nishtar and Shalimar towns. The town is located in the midst of Lahore and is near Lahore Cantt’s Railway Station. It is a beautifully landscaped area and it is often called the Land of Flowers by the locals. Although it was once partially residential, the area is now mostly commercial with several firms having their head offices here. The Lahore Development Authority is further promoting the conversion of this town into a commercial hub by allocating specific properties and areas.
While there are many commercial properties for rent in different areas of Lahore, Gulberg is now taking the lead due to the increased development of its commercial sector. Renting commercial properties in Gulberg provides you with the ideal location for your business, as the region is now home to offices of several multinational and national organisations. Official buildings within the area are mostly available for 10 Marla and above, going on to 1, 2, 5 and 8 Kanal properties. Gulberg 3 and MM Alam Road are the major areas where rental buildings are available for commercial use. Gulberg 2 and Gulberg’s Main Boulevard are also options to consider for a rental building within the town.
With the area being developed as a commercial centre, prices of properties are rising. Unfortunately, rental rates are not standard across the board and will depend upon the asking price of the landlord. As a tenant, you should aim to maximise the facilities and amenities being offered with the building. Monthly rent for commercial buildings in Gulberg for a 10 Marla structure start from PKR 80 thousand, going up to PKR 4.5 lakh. A 1 Kanal rental building charges PKR 1.35 to 14 lakh monthly, while a 5 Kanal commercial building might have a monthly rent of PKR 22 lakh. Official buildings of 8 Kanal can have a rent of PKR 30 to 50 lakh monthly.
Commercial buildings in Gulberg generally offer parking space, backup generators, elevator access, central air conditioning and a lot more. In terms of security, some rental properties already have security guards, while others have CCTV cameras installed and also have firefighting equipment installed to cater to emergencies. Basic amenities like water or electricity are also either supplied continuously, or via water tanks and generators. Public spaces within these rental buildings can include prayer areas, conference rooms, or cafeterias for the employees’ use.
There are multiple shopping outlets available including Gulberg Galleria, where you can find clothing stores for Nishat, Elan and Sana Safinaz. The mall is also home to Cold Stone Creamery, Dunkin’ Donuts and Gloria Jean’s café. Another shopping hub is Xinhua Mall, with a few of the stores there being Outfitters, Khaadi and Limelight. Eateries here include an outlet for Subway, while Nando’s and Bar B Q Tonight are just a short walk away. A few of the malls still being built in Gulberg are the Mall of Gulberg, City Mall, Grand Square Mall and more.
With beautiful surroundings, availability of basic amenities, sufficient parking spaces and security, renting real estate in Gulberg can be the right fit for your organisation or brand. Whether you are looking for a corporate headquarter or a roadside construction to open up your multi-storey shop, there are plenty of options. From renting a 10 Marla project to a 2 Kanal complex, the choice of property depends entirely on your business needs and the rental prices being quoted by the property owner.
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