IN THIS POST:
– Features of Askari 10 vs. Fazaia Housing Scheme
– Average Prices of Property in Askari 10 and Fazaia Housing Scheme
– Best Blocks to Buy Property in Askari 10 and Fazaia Housing Scheme, Lahore
About to buy property in Lahore? Here’s our detailed debate on Askari 10 vs. Fazaia Housing Scheme for your review.
Askari and Fazaia are two of the most famous, well-established, and secure housing societies in Lahore. A trait shared by both housing schemes is that they are managed by the men in uniforms, with Askari under the management of the Pakistan Army and Fazaia being managed by the Pakistan Air Force. While both the communities offer a range of facilities and amenities for homebuyers and investors, it is also important to consider some statistics before you make a decision concerning investing in any of the two housing societies.
Since Askari 10 is the most popular phase of Askari Housing Scheme, we’ll be focusing on this phase alone, and comparing it to Fazaia Housing Scheme to give you a better idea of what people are searching for and which blocks are trending in each residential development.
Askari 10 vs. Fazaia Housing Scheme—What’s a Better Investment Option?
But first, let’s give you a brief overview of what’s on the table when it comes to taking a side between Askari 10 vs. Fazaia Housing Scheme. We’ll primarily focus on their features, facilities, and amenities.
It is important to note that both societies are extremely secure, coupled with hosting several parks, multiple entrances, water filtration plants, mosques, graveyards, provision of essential utilities, and a variety of sizes in terms of property investment. Both developments also have the seal of approval from the LDA and offer a peaceful residential community that’s ideal for families.
Average Prices of Property in Askari 10 and Fazaia Housing Scheme
Moving on, let’s talk about the average property prices in both Askari 10 and Fazaia Housing Scheme. The table above has already highlighted the differences between the two prime options for investment, the most significant of which is that one society features houses for sale for eager residents, while the other is home to plots, which is an excellent long-term investment. However, there are a few houses for sale in Fazaia as well, so we’ve compared the average prices of both the societies in the table below:
Starting at a reasonable sum of PKR 25 lakh, up to PKR 1.04 crore, Fazaia Housing Scheme offers residential plots for sale in a range of sizes. Plots of 5 marla, 10 marla, as well as 1 kanal, have captured the most interest of investors in the society. Meanwhile, both Askari 10 and Fazaia offer 10 marla and 1 kanal houses for sale, but the average prices vary slightly. Where Askari 10 sees a 10 marla house on sale for PKR 2.27 crore, a house of 10 marla can be bought in Fazaia Housing Scheme for PKR 1.69 crore on average. For 1 kanal houses, Askari 10 boasts an average price of PKR 3.86 crore, while Fazaia features a house of the same size for PKR 3.15 crore.
Directly comparing the houses in the two societies, you may be led to believe that Askari 10 requires more investment, but don’t overlook the fact that Askari 10 is a fully developed residential community when you make your decision. In comparison, the number of houses in Fazaia is sporadic at best in each block, with most investors building their homes at a leisurely pace.
This also brings us to the conclusion that Askari is best for investing in ready properties, while people who want to build their home at a later stage should consider Fazaia instead. We’ll talk about the most popular blocks to buy property in Lahore in each community below, in terms of the investment options available.
Best Blocks to Buy Property in Askari 10 and Fazaia Housing Scheme, Lahore
If you’re eager to buy property in Lahore, Askari 10 and Fazaia Housing Scheme offer two of the best residential projects for a range of properties in varying sizes. Let’s take a look at what’s available in both in terms of plots and houses.
Plots
We’ve already stated above that out of the two societies, Fazaia Housing Scheme is the one featuring plots for sale. Both Phase 1 and 2 focus on a range of different sizes, but since Phase 1 has been developed for longer, it remains the most popular for 5 marla, 10 marla, and 1 kanal plots.
Blocks G, J, and B are the most popular for 10 marla plots in Phase 1, with average prices of PKR 72 lakh, PKR 65 lakh, and PKR 63 lakh, respectively.
Meanwhile, average investments of PKR 1.03 crore, PKR 1.08 crore, and PKR 98 lakh will be required to buy a 1 kanal plot in Blocks E, H, and F accordingly.
If you want to invest in a 5 marla plot, Block D in both Phase 1 and 2 is the best option for you, with 5 marla plots on sale in both blocks for PKR 25 lakh on average.
You can check out more details on buying property in Fazaia Housing Scheme, Lahore, as per your investment requirements.
Houses
If you are looking for that perfect house in Askari 10, Block E offers both 10 marla as well as 1 kanal houses for sale. The average price of 10 marla homes in Block E is PKR 2.19 crore, and 1 kanal houses are on sale in the sector for PKR 3.85 crore on average.
Blocks C and B also offer 10 marla homes for sale for average prices of PKR 2.39 crore and PKR 2.56 crore, respectively.
Meanwhile, Blocks F and A are your best bet for an investment in a 1 kanal ready-to-move property, with prices averaging between PKR 4.04 crore and PKR 4.16 crore for both sectors.
However, a quick comparison can tell you that Block E remains the cheapest home-buying option in Askari 10 based on these averages.
Sector E also happens to offer some of the best amenities in the phase, including a large sector park equipped with a range of sporting facilities, a dedicated commercial area nearby, and a separate entrance from Amjad Chaudhry Road. You can browse through our post on the most popular investment options for Askari 10, Lahore, for more details.
The investment decision between Askari 10 vs. Fazaia Housing Scheme can easily be made based on the data shared above. You can reach us at blog@zameen.com if you have any queries. Keep following Zameen Blog in the meantime!
