Although Lahore is loved for its rich history and vibrant culture, the city’s current position in the property market also makes it a bankable option to secure your investment in Pakistan’s real estate market. If you, too, are on the hunt to find 1 kanal plots for sale in Lahore within the price bracket of PKR 1.6 crore to PKR 2 crore, then this post will help you discover the most popular areas matching your requirements.
But before we get started, here’s a simple conversion of 1 kanal into marlas:
1 kanal = 20 marla
Top Areas with 1 Kanal Plots for Sale in Lahore between PKR 1.6 Crore and PKR 2 Crore
The areas mentioned below gained significant popularity among property seekers and investors investing in 1 kanal plots for sale in Lahore under the average price of PKR 2 crore.
DHA Defence, WAPDA Town, and Valencia Housing Society topped our list of the most popular areas with 1 kanal plots for sale in Lahore for up to PKR 2 crore. Other popular areas to buy a plot in the city are Izmir Town, NFC 1, Eden, and DHA 11 Rahbar. Meanwhile, people also preferred Airline Housing Society, HBFC Housing Society, Paragon City, and PIA Housing Society for buying 1 kanal plots in Lahore.
We’ll now dig deeper to find out the details of the top three popular localities, their price trends for 20 marla (1 kanal) plots, and what makes them an excellent choice for buying property in the city of gardens.
DHA Defence
The housing schemes that are backed by the Defence Housing Authority have a stellar reputation for reliability and modern infrastructure. Like any other project, DHA itself is regarded as a highly sought-after society not just in Lahore, but other cities of the country as well. Although the primary aim of DHA was to provide accommodation to the families of army officers and personnel, later ordinary citizens were also allowed to acquire properties in the project.
The word DHA is now synonymous with luxuries and top-notch facilities since it is a pioneer in providing comfort and convenience to its residents. Entertainment hubs, communal parks, and places of worship are also found in abundance. Furthermore, DHA Lahore is home to some of the top educational institutions of the city, including Lahore University of Management Sciences (LUMS) – located in Phase 3.
Considering its significance in Lahore’s real estate market, we can deduce that buying a 1 kanal plot in DHA, Lahore for an average price of PKR 1.7 crore is not a bad deal at all.
WAPDA Town
The foundation stone of WAPDA Town, Lahore was laid in 1978. The society was initially planned to accommodate the employees of the Water and Power Development Authority (WAPDA). Gradually the scheme gained popularity among local citizens as well, due to its state-of-the-art amenities and contemporary roadmap.
Situated near M-2 Motorway, and covering almost 1,700 kanal, WAPDA Town is surrounded by many upscale neighbourhoods of Lahore including Satto Katla, Punjab Government Cooperative Employees Housing Scheme, Valencia Town, and Tariq Garden. Considering the number of schools, hospitals, banks, and parks situated within WAPDA Town, the community has the bragging rights to top-notch facilities as compared to other nearby localities.
Besides being surrounded by affluent neighbourhoods of Lahore, the society offers dedicated residential and commercial properties. The gated community also offers several options for commuters, meaning transportation to and from the community is entirely hassle-free.
Analysing its near-perfect location, the fact that buying 1 kanal plots in WAPDA Town, Lahore costs an average of PKR 1.8 crore doesn’t come as a surprise to us.
Valencia Housing Society
Comprising twenty-four blocks and sub-blocks, ranging from Block A to Block P, Valencia Housing Society is one of the leading housing schemes in the capital city of Punjab. After analysing its geographical location, we’ve come to learn two crucial facts about the society:
- Raiwind Road is positioned parallel to Valencia Housing Society – close to Block A and Block F from the western side
- Lahore Ring Road runs near the northern side of the housing project
The endowment of high-end basic and luxurious amenities, up-to-date surveillance systems, modern infrastructure, and carpeted roads have helped Valencia Housing Scheme become one of the classiest housing societies in Lahore. Meanwhile, entertainment and commercial hubs are found in abundance, that too within reach of residents.
Although the developmental work in the society has nearly concluded, according to a recent update, the developers are planning to build a clock tower and a few more sites in different parts of the area. While a park in its D Block is going through the process of maintenance and another entry point from Khayaban-e-Jinnah Road is being renovated, the area is still pretty functional.
As per the data for the first half of 2019, we can say that the average price of 1 kanal plots in Valencia Housing Society stands at PKR 1.7 crore with Block-J being more popular. The minimum price of a 1 kanal plot in Valencia Block-J is PKR 1.8 crore. Likewise, Valencia also ranks among the list of most popular areas for buying 1 kanal houses in Lahore under PKR 4 crore.
Additionally, Izmir Town is yet another popular option boasting 1 kanal plots for sale in Lahore between 1.6 crore and 2 crore. Known for its commanding infrastructure and modern-day facilities, the asking price of 1 kanal plots for sale in Izmir Town, Lahore was recorded at PKR 1.8 crore. Comparatively, the housing project of National Fertilizer Corporation – NFC 1 or popularly known as NFC Phase 1 features 1 kanal plots for sale at the average price of PKR 1.6 crore.
Eden and DHA Rahbar 11 have also successfully climbed our ladder of the top ten areas with 1 kanal plots for sale in Lahore under PKR 2 crore. As per the data extracted from Zameen.com, the average buying price of a 1 kanal plot in Eden was recorded at PKR 1.6 crore.
Meanwhile, the price of 1 kanal plots in DHA Rahbar 11 was also recorded at PKR 1.6 crore. Settled away from the crowded city and pollution, DHA Rahbar offers a luxurious lifestyle to its residents, and since the project falls under the jurisdiction of the Defence Housing Authority, the credibility of the housing scheme is beyond any doubt.
Some other popular areas for buying 1 kanal plots in Lahore under the said price include Airline Housing Society, ideally situated on Khyaban-e-Jinnah, and covered with lush greenery. Owing to the society’s popularity and demand, buying 1 kanal plots in Airline Housing Society can cost an average of PKR 1.9 crore.
On the other hand, HBFC Housing Society also offers 1 kanal plots for sale under PKR 1.7 crore, which is slightly higher than the price of 1 kanal plots for sale in Paragon City, which currently stand at PKR 1.6 crore. You can also consider PIA Housing Scheme for buying 1 kanal plots in Lahore. The society features different types of land pockets, out of which 1 kanal plots for sale in PIA Housing Scheme can cost an average of PKR 1.7 crore.
Moving forward, you can skim through our H1 2019 market report for Lahore and gain an insight into the property market of the bustling megalopolis. Follow Zameen Blogs and stay updated with our recently published trails of the top areas for buying properties in the major cities of Pakistan.
