Lahore is the second-largest city of Pakistan and also the custodian of a vibrant mix of centuries-old culture and architecture. Given the city’s historical importance and fast-paced development over the past couple of decades, many investors, with a budget of PKR 40 to 50 million (PKR 4 to 5 crore), are eager to invest in Lahore’s property sector. While you can always find properties of varying sizes in the same price range, if you’re looking for a 20 marla (1 kanal) house for sale in Lahore, we’ve just made your search easier by compiling the ten areas suited best to your investment requirements.
Best Areas with 1 Kanal Houses for Sale in Lahore between PKR 4 to 5 Crore
The following data has been compiled after extensively studying the user behaviour on Zameen.com over the first six months of 2019, focusing only on 1 kanal properties in Lahore with an asking price of PKR 4 crore to PKR 5 crore. As such, the top areas for buying a 1 kanal house in Lahore are:
As clearly revealed by our findings, DHA, Bahria Town, and EME Society lead the pack when it comes to 1 kanal homes under PKR 5 crore. These elite societies are followed by Askari, Johar Town, Garden Town, PCSIR Housing Scheme, Township, Abdalians Cooperative Housing Society, and Cavalry Ground; all of which feature 1 kanal houses for sale in Lahore.
While all the top ten areas have a lot to offer, let’s discuss the top three to give you a better idea about what to expect and whether you should invest in a 1 kanal house in these projects or not.
DHA
Offering a modern and elite lifestyle within secured perimeters, DHA, Lahore, is considered the most pristine real estate of Lahore. It is located on the outskirts of the city, boasting nearness to Lahore Ring Road as well as Ferozepur Road, making residents’ commute effortless to all parts of the city.
As of August 2019, the average price of a 1 kanal house in DHA is PKR 4.99 crore. Phase 6 of DHA, Lahore tops the chart for investing in a 1 kanal house, followed by Phase 5. The starting price of a 1 kanal unit is PKR 4 crore for both phases.
Endeavouring to provide the best of amenities, living in DHA, Lahore means surrounding yourself with an array of well-maintained parks, secured and gated residential areas, good quality educational institutions, famous restaurants, and a lot more. It’s no wonder that the society is one of the top choices for people looking for 1 kanal properties in Lahore.
Bahria Town
Bahria Town is the second-best option for 1 kanal homes under PKR 5 crore in Lahore. Located at the outer edges of Lahore near Multan Road, Bahria Town is mostly known for hosting the Eiffel Tower replica and uniquely designed roundabouts that have become well-known landmarks.
If you are interested in buying a 1 kanal house in Lahore, then paying attention to Bahria Town is a wise option. The average price of 1 kanal houses in Bahria Town, as of August 2019, is PKR 4.47 crore. Quite a few sectors offer 1 kanal homes, including Sectors A, B, and C. However, only a few blocks within these sectors offer them within your budget of PKR 4 to 5 crore. The Overseas Block in Sector A, Ghori and Takbeer blocks in Sector B, and Jasmine Block in Sector C are where you should focus your search for the best match for your investment. The minimum price of 1 kanal homes in these blocks is somewhere around PKR 4 crore.
Similar to DHA, Bahria Town is an exclusive community that offers the best of amenities. Living in Bahria Town, Lahore brings you closer to nature with its beautifully landscaped parks and main thoroughfares, while the modern architecture and organised infrastructure is beyond compare, offering residential, commercial, as well as investment opportunities for all.
EME Society
EME Society is actually a project by DHA and maintains the developer’s standards throughout, offering world-class amenities and facilities in a residential setting that’s nestled far away from the hustle and bustle of central Lahore.
Buying a 1 kanal house in Lahore’s EME Society can cost you PKR 4.88 crore on average, as of August 2019. Blocks B and D are the most popular sub-sectors here for property-seekers with a budget of PKR 4 to 5 crore. The starting price of 1 kanal homes in both these localities is PKR 4.3 crore.
With a 150 feet wide boulevard connecting the society, the development offers continuous water supply, gated premises, mosques, hospitals, and parks. Situated between Multan Road and Raiwind Road, a number of other prominent residential communities neighbour the society.
Aside from the top three areas, we also have Johar Town on our list, which is a centrally located, upscale community named after Maulana Mohammad Ali Johar, who is a prominent figure in Pakistan’s history. The average price to invest in a 1 kanal house here is PKR 4.24 crore. Other housing developments worth considering are the PCSIR Housing Scheme and Township, both of which are fully developed and well-planned communities, offering a range of amenities to residents. Prices of a 1 kanal house in these societies are PKR 4.79 crore and PKR 4.04 crore, on average, respectively. If you want to purchase 1 kanal properties in Lahore Cantt, you should consider Cavalry Ground, which is one of the poshest residential areas in town with 1 kanal homes under PKR 5 crore, and the average price being PKR 4.47 crore.
You can also check out the best areas to invest in a 5 marla house under PKR 1.2 crore in Lahore if you want to opt for a smaller residence. Our H1 report on Lahore’s property market can also help you zoom in on the most lucrative investment options.
Keep reading Zameen Blog for more property-related posts. Email us on blog@zameen.com if you have any questions.
