In this post
Commercial units in Lahore are a great avenue for investment for anyone looking to park their money. With newer projects emerging, people have found a number of investment opportunities that are promising high returns even in the short run. You can find a host of these on our property portal as well.
Zameen.com observed a growing demand for commercial units in Lahore primarily because the returns on offer and the rental yield prospects. Due to the existing and pilling demand, several developers are also introducing newer projects, offering a host of opportunities for investors and buyers interested in commercial properties.
Now, let’s look at some statistics that will provide you meaningful insight into growing demand for commercial units in Lahore.
Patterns Associated With Growing Demand for Commercial Units In Lahore
As the demand for commercial properties is growing in Lahore, the city is witnessing a shift from traditional commercial spaces to vertical, mixed-use buildings. This can be attributed to greater space utilization, and a diverse investment portfolio for investors and buyers alike. Statistics via Zameen.com show that between 2018 and 2020, the average per square feet rate of shops in Lahore has risen by over 20%, whereas the demand for shops has increased by 106% during the same period.
The year 2020 saw some of the best commercial activity as the average rental yield of shops stood at 6.3%, whereas the demand for apartments in Lahore increased by 127% during the period 2018-2020.
If you have PKR 10 million to start your commercial investment, check out this guide for all the best available commercial options in Pakistan you should be headed towards.
Avenue For Commercial Investment – Pace Circle, Lahore
There is a growing demand for commercial properties, and Pace Circle could be the answer to this need. It is a mixed-use building located opposite to Askari X in close proximity to DHA Phase XIII. In fact, it is positioned perfectly at the crossroads with DHA and Cantt, and located next to Lahore Ring Road. The location is easily accessible to the rest of the city:
- Easy access to the Allama Iqbal International Airport
- 3-minute drive to Polo Club
- 5-minute from Canal Road
- 5-minute to DHA Commercial Broadway
- 8-minute from DHA Metro
- 8-minute from LSE
- 10-minute from LUMS
- 10-minute from National hospital
- 10-minute from DHA Phase 5
- 10-minute from Fortress Stadium /Mall of Lahore
- 15-minute to Packages Mall
The project has been approved by the Lahore Cantonment Board, and thoroughly vetted for accurate information by Zameen.com.
As of January 2021, development and construction are underway at a fast pace where 70% of the Pace Circle’s grey structure has already been completed. The project is being developed by Pace Pakistan Ltd. in consultation with internationally-renowned architects and designers to provide world-class amenities. Not only does the project offer a smart combination of residential and commercial offerings but also brings interested buyers the benefit of an aesthetically pleasing design and well-planned development.
What’s on Offer?
On offer are serviced apartments, hotel apartments and commercial shops. The significant number of these residential and commercial units ensures that prospective buyers have a wide range of options to select from, as per their requirements.
Another specialty of Pace Circle is its five star hotel spanning over 375,000 square feet. It features 288 standard rooms and 20 suites. With an exquisitely detailed design and smart planning, the hotel offers a unique experience for corporate and leisure guests. These apartments come fitted with a host of unique facets:
- Floors done in teak wood
- Huge floor-to-ceiling windows
- Bathrooms installed with oversized mirrors, done in marble with separate bath tubs and step-down rain showers
- 7 meeting rooms
- 2 exclusive restaurants, and a fine dining restaurant
- A ballroom and a plant room spanning 308 and 2,300 square metres, respectively
- In-house bakery
- In-house laundry service
- Housekeeping pantries (one on each floor)
Investment Prospects of Pace Circle
Your investmentin Pace Circle is a lucrative venture and promises a real golden opportunity for investors and genuine buyers alike on being one of the most exclusive venues of the city.
- The project is from a renowned developer offering a chance of safe and reliable investment. Furthermore, it offers the advantage of an attractive location, high and convenient accessibility, and affordable pricing.
- Investors can expect capital gains worth 30% to 40% within the next three years. On the other hand, for genuine buyers, Pace Circle is an opportunity to access a contemporary residential experience – equipped with the best facilities within both the project and its vicinity. Buyers and investors alike can also avail the easy payment plan.
- The demand for mixed-use buildings is on the rise. Investors who start their business here will also be able to enjoy a host of amenities available here! Do not miss this unique opportunity and invest.
- An investment made in hotel and serviced apartments comes with a guaranteed 8% annual rental yield.
Thinking of investing? Reserve your unit at Pace Circle by filling out the form on the right (for desktop users) or at the bottom of the page (for mobile users).
If you found this blog helpful or have any queries, write to us at blog@zameen.com. Keep reading Zameen Blog for more property updates.
