When people say “Lahore Lahore Aaye”, they aren’t exactly wrong. The city has an otherworldly and ancient charm, and its real estate has been eyed by countless rulers who chose the city as their ruling seat. While the hustle and bustle of the city might make you think otherwise, you can easily find a 10 marla house for sale in Lahore, and that too, under a price range of PKR 20 million (PKR 2 crore)!
Top Areas with a 10 Marla House for Sale in Lahore under PKR 2 Crore
After compiling the user behaviour on Zameen.com during the first half of 2019, we’ve discovered that the following areas appealed the most to property buyers and investors searching for a 10 marla house in Lahore under a budget of PKR 2 million (PKR 2 crore):
Considering the table above, we can see that Bahria Town, Central Park Housing Scheme, and Architects Engineers Housing Society are the most popular areas for investing in a 10 marla home under PKR 2 crore. These societies are followed by Lake City, Eden, Marghzar Officers’ Colony, Township, Punjab Co-Operative Housing Society, Nasheman-e-Iqbal, and Jubilee Town Lahore.
Let’s discuss the top three areas in detail to give you a better idea of what their real estate market holds for you in terms of investment potential.
Bahria Town
Bahria Town in Lahore is an upscale residential community, offering a gated housing development, dedicated commercial areas, landscaped parks and roundabouts, and a range of other amenities of international standards. This is why, according to the data collected in August 2019, Bahria Town is the most popular area for buying a 10 marla house in Lahore.
With regards to prices, investing in a 10 marla home under PKR 2 crore is also fairly possible in this housing scheme, as the average price of a 10 marla unit, as observed during the first six months of 2019, is PKR 1.98 crore. The sector with the most homes on offer under PKR 2 crore is Sector C, which features a number of popular sub-sectors, including Iris Block, Nargis Block, Jasmine Block, and Gulmahar Block. Prices for a 10 marla house in some of these blocks start as low as PKR 1.55 crore while others have a starting price of PKR 1.65 crore.
Overall, there are plenty of perks of living in Bahria Town, Lahore. Aside from the well-planned housing facilities it offers, there are parks, schools, hospitals, and commercial centres dotting the entire development. With respect to Sector C, all four of the most popular blocks are close to Bahria Town’s Main Boulevard and Sector C’s commercial area, which is a hub of restaurants, convenience stores, and banks.
Central Park Housing Scheme
Centrally located on Ferozepur Road where the Metro Bus system is operational as part of the public transport system in Lahore, Central Park Housing Scheme (CPHS) is a master-planned community consisting of Blocks from A-H. True to its name, the society has a Central Park, which is easily accessible by residents of all the blocks.
The average price of a 10 marla house in CPHS, as of the first half of 2019, is PKR 1.33 crore. Sector A and Sector G are the most popular sub-districts for investing in a 10 marla home under PKR 2 crore in Central Park Housing Scheme. The lowest starting prices here are PKR 1.35 crore and PKR 1.4 crore for Sectors A and G respectively.
Central Park Housing Scheme’s location makes it ideal for commuting throughout Lahore via the Metro Bus routes. As for what’s more on offer besides the large park located within its limits, the society provides a free supply of filtered water to every resident, a secured and gated community with CCTV surveillance, as well as the Chugtai Public Library and small commercial hubs for each block.
Architects Engineers Housing Society
Comprising Blocks A to K, Architects Engineers Housing Society is an upscale residential development located on Khayaban-e-Jinnah Road. Its location gives residents easy access to Shaukat Khanam Memorial Cancer Hospital, situated on the same road while being surrounded by several other popular housing schemes such as WAPDA Town, Johar Town, and others.
Considering the data for the first six months of 2019, we can conclude that the average price for a 10 marla home here is PKR 1.90 crore, with Sector B being the most popular district for this particular property type. The starting price of a 10 marla unit in Sector B is PKR 1.85 crore.
Architects Engineers Housing Society offers 10 marla houses for sale in Lahore amidst a well-planned setting with a central boulevard of 50 feet catering to small commercial districts on both sides. Parks and mosques are also available in every block to facilitate residents while ensuring safe and secure surroundings within the community.
Among the most popular areas to buy a 10 marla house in Lahore under 20 million, we also have Lake City, which is a modern suburb built away from the central hustle and bustle of Lahore and offers 10 marla units at an average price of PKR 1.85 crore. One of the oldest areas on our list is Township, Lahore, which has been on the map since the 1950s and is fully developed and approved by the Lahore Development Authority (LDA). The average price of a 10 marla unit here is PKR 1.59 crore. Another option you can consider is Punjab Cooperative Housing Society (PCHS) which is ideal for middle-income buyers looking for a 10 marla house for sale in Lahore with an average price of PKR 1.85 crore.
You can also explore your options after consulting our Lahore property market report for H1 2019 and find the best area to invest your money based on your budget.
Stay tuned to Zameen Blog as we share a series of posts focused towards a variety of property types, prices ranges, and sizes in the coming days. Drop us an email at blog@zameen.com if you have any questions or concerns.
