Lahore is the cultural hub and one of the most historic cities in Pakistan. Having been a settlement of various rules and regimes, today, the city presents a unique blend of historical and modern architecture. With a range of old and new housing developments being a part of Lahore’s real estate market, there is something on offer for buyers and investors alike. So, if you’re looking for a 5 marla house for sale in Lahore within the price range of PKR 9 Million to 12 Million (PKR 90 lakh to 1.2 crore), you’re in luck, as the city hides a few gems for both residential as well as investment purposes.
Best Areas with 5 Marla Houses for Sale in Lahore between PKR 90 Lakh to 1.2 Crore
For this particular post, we’ll be focusing only on 5 marla houses in Lahore for an average price of PKR 90 lakh to 1.2 crore. The data that we’ve collected is in accordance with the user behaviour we’ve observed over the first half of 2019 on Zameen.com. As such, following are the most popular areas to buy a 5 marla house in Lahore under PKR 1.2 crore:
Considering the data presented above, we can conclude that Bahria Town, State Life Housing Society, and DHA Phase 11 (Rahbar) are the best areas to invest in a 5 marla house under PKR 1.2 crore. The top three societies are followed by Canal Gardens, Allama Iqbal Town, Lake City, Paragon City, Township, Bahria Orchard, and Jubilee Town Lahore, where you can easily find a 5 marla house for sale within your budget.
We’ll discuss the three best areas for your investment in detail below, before giving a brief overview of the average prices in some other popular areas as well.
Bahria Town
Home to the Eiffel Tower replica that brings a lot of tourists swarming to the society, Bahria Town, Lahore, is a modern housing development that focuses on offering an elite lifestyle powered by the latest and most sophisticated amenities. It doesn’t come as a surprise that as of August 2019, Bahria Town, Lahore topped the list of areas with a 5 marla house for sale in Lahore between PKR 90 lakh to PKR 1.2 crore.
The average price is PKR 1.16 crore if you want to invest in a 5 marla house under PKR 1.2 crore in Bahria Town with Sector D being the most popular for 5 marla houses in Lahore. Block AA and Block CC have the most options to offer with prices of 5 marla homes in these blocks, starting from as low as PKR 95 lakh.
Living in Bahria Town, Lahore comes with its share of benefits. Sector D lies next to Sector C, having a community centre, playgrounds, area parks, commercial areas, Jamia mosque, and food court. Its popular Blocks AA and CC are interconnected via Block BB, with the sector also being home to Blocks DD and EE.
State Life Housing Society
State Life Housing Society is located in the heart of Lahore, next to Lahore Ring Road. The society was established as a residential community for the employees of State Life and other insurance agencies. With its well-maintained infrastructure and amenities, the society is ranked at the second position to buy a 5 marla unit in Lahore’s real estate market as per the data we’ve collected.
The housing development offers 5 marla houses with an average asking price of PKR 1.11 crore. The society is spread over two phases, with Phase 1 being the most popular to buy a 5 marla house in Lahore under PKR 1.2 crore. Block A and Block A Extension are the most popular sub-sectors here, with 5 marla units starting at PKR 1.1 crore.
Along with the continuous and high-quality provision of necessary utilities, State Life Co-operative Housing Society also features beautifully landscaped parks, mosques, a community club and library, as well as a standardised mode of public transport within the premises of the society. A dedicated commercial area is also part of the master plans of both phases.
DHA Phase 11 (Rahbar)
DHA Rahbar or Phase 11 features smaller plots of 5 marla and is an extension of the existing DHA housing development in Lahore. Strategically located on Defence Road, DHA Rahbar is further divided into two phases on either side of the Main Boulevard (Khayaban-e-Amin).
If you want to invest in a 5 marla house under PKR 1.2 crore, the average price in DHA Rahbar is PKR 1.19 crore. Phase 2 is the newer of the two and comprises Block F and Block G, both of which are quite popular with investors looking for 5 marla options. You can purchase a 5 marla home in this area for as low as PKR 1.5 crore.
DHA maintains its quality standards in Phase 11 as well, offering a number of amenities as well as facilities to its residents. Continuous supply of water, gas, and power, along with mosques, parks, secured and gated surroundings, good schools, and a community club ensure that people can enjoy their life here with complete peace of mind.
Looking back on our list of the best areas for a 5 marla house for sale in Lahore, Allama Iqbal Town, which is also known as Iqbal Town after the National Poet of Pakistan, is another area you can consider for 5 marla houses in Lahore. As per the data we’ve collected on Lahore’s real estate market, average prices for 5 marla units in this town are PKR 1.18 crore. Two other areas to consider include Lake City and Township, with the first one being a modern development while the latter is one of the oldest settlements in Lahore. Average prices for a 5 marla home in these areas are PKR 1.07 crore and PKR 1.08 crore respectively.
You can also discover the top areas for buying a 5 marla house in Lahore for a budget of 90 lakh or review our H1 report for Lahore’s real estate market to discover the top areas that hold the best investment potential in the city.
Keep reading Zameen Blog for more property based posts. Email us at blog@zameen.com if you have any questions or queries.
