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Our top picks for property under PKR 5 million in Lahore

Property
3 min read | Samra Zulfiqar  | November 21, 2017

When investing in property, return on investment is an essential factor for all investors, along with their personal budget. Luckily for some, stable property market conditions have kept prices from going up at unrealistic rates, leaving many fine options for people looking to make medium to long-term investments. But what are these options? Let’s find out!

If you have PKR 5 million to invest and need to know some of the best options in Lahore, read on!

Defence Housing Authority (DHA), Lahore

In this society, buyers can only find suitable options in Phase VIII Ivy Green. Rates here are lower essentially because development work is underway in alls it subsectors i.e., Blocks Z-I, Z-II, Z-III, Z-IV, Z-V, and Z-VI. Among these six sub sectors, only Z-III, Z-IV, Z-V, and Z-VII have five marla options. According to Imran Shabir of Richmore Real Estate, development work in Ivy Green may take at least two more years to complete. Here are the rates.

Plot size Price Range
5-Marla PKR 3,200,000 – PKR 4,400,000

Golf View Residencia

Development work here started just recently. Atiq-ur-Rehman of Unique Associates said that the developer may grant property possession in the first quarter of 2018; to read more about it, check out our latest update on Golf View Residencia.

In this budget, you can buy a 10-marla residential plot in Golf View Residencia Phase II which is located a little away from the society’s main entrance on Raiwind Road. Here is the price range:

Plot size Price Range
10-Marla PKR 4,800,000 – PKR 5,000,000

Paragon City

Property rates have been escalating constantly here because of demand among genuine buyers. According to Abu Bakar Zafar of AB Estate & Builders, interested buyers can find a 5-marla residential plot, for which possession is yet to be granted. These blocks include undeveloped parts of Orchard Green and Woods. Here are the rates:

Blocks Plot size Price Range
Orchard Greens 5-Marla PKR 3,800,000 – PKR 4,500,000
Woods 5-Marla PKR 3,500,000 – PKR 4,200,000

Lake City

It is also a decent option to consider because possession for 5-marla residential plots in Block M-7 is available, according to Nasir Malik of NM Associates. You must also check out our latest update on Lake City Lahore.

Those looking for better gains in due time can also opt for 5-marla plots in Blocks M-8/A1 and M-8/A2 because the market rate of plots in these blocks is lower since the developer will take one more year to grant property possession, according to Malik. Here is the price range:

Blocks Plot size Price Range
M-1 5-Marla PKR 4,500,000 – PKR 5,000,000
M-8/A1, M-8/A2 5-Marla PKR 4,000,000 – PKR 4,500,000

DHA Rahbar Phase II

It is believed to be the best option for both genuine buyers and investors not only because property possession is available in all its blocks, but also because these blocks are greeting new residents, Farhan Mir of SA Associates elaborated. Being a DHA project, the buyers looking to opt for safe and rewarding options find the plots on offer appropriate for their respective needs, Mir added.

Plot size Average Price
5-Marla PKR 4,900,000

Did you find this article helpful? Let us know through your comments. You can also talk to Zameen Forum’s property gurus about the most suitable option in Lahore to invest PKR 5 million by engaging them in a new discussion.

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Samra Zulfiqar
Samra Zulfiqar is a real estate analyst at Zameen.com. She likes to dig down deep into the real estate market to figure out which projects can get buyers the best returns on their investment.

  1. PLZ ALL OF ABOVE SOCIETIES ARE BEST FOR INVESTMENT BUT BETTER IS FAZAIA PHASE II LOCATED ON JATTI UMRA ROAD NEAR PM NAWAZ SHARIF HOUSE AND SHARIF MEDICAL CITY AS THIS ROAD WILL ALSO TOUCH WITH MULTAN ROAD. IF ANY WANT BIG GAIN ON INVESTMENT PLEASE TAKE STEP AND GET OPPORTUNITY AS ALL ABOVE SOCIETIES HAS HIGH RATES AS THEIR FAIR VALUES AND LOCALITIES.

    1. Dear Nasir Sahib
      AOA
      What is the price of 5 marla commercial plot in Fazaia II, if i want to buy?
      regards
      asif iqbal

  3. PLZ ALL OF ABOVE SOCIETIES ARE BEST FOR INVESTMENT BUT BETTER IS FAZAIA PHASE II LOCATED ON JATTI UMRA ROAD NEAR PM NAWAZ SHARIF HOUSE AND SHARIF MEDICAL CITY AS THIS ROAD WILL ALSO TOUCH WITH MULTAN ROAD. IF ANY WANT BIG GAIN ON INVESTMENT PLEASE TAKE STEP AND GET OPPORTUNITY AS ALL ABOVE SOCIETIES HAS HIGH RATES AS THEIR FAIR VALUES AND LOCALITIES.

    1. Dear Nisar Sahib
      AOA
      What is the price of 5 marla commercial plot in Fazaia II, if i want to buy?
      regards
      asif iqba

  4. Samra, your blog today reminds me of why I am a fan! I may also be the vocal critic when I sometimes find anomalies in the write ups but I will also be the first to acknowledge when your assessment is spot on! It takes a proper real estate guru to spot the investments you have listed. Especially, I am surprised to see Bahria Golf View residentia on the second spot. Not many people in the real estate business are aware that this is a gold mine waiting to go exponentially high in a short term. As long as you are in GVR phase 1 or phase 2, you are desitned to be one of the best located blocks in Bahria – practically on Raiwind Road and a stone’s throw away from the Ring Road interchange. Unfortunately, the history of GVR has kept investors away but that is also why it is at this point, one of the best investments. I visited on site 2 weeks ago. With the pace of development, I expect possession by March/April 2018.

  6. PAF officers housing has launched AFOHS at Multan for the retired officers. This is first time that PAF has launched AFOHS other than Karachi, Lahore and Islamabad. Fully built houses will be given to retired officers and shaheeds of PAF.
    Being the first PAF project in Multan, it will be a matter of brand name and image building for the AFOHS and excellent investment opportunity.
    Prices of a completely built AFOHS house is expected to be around 3.5 crore when launched with rapid increase because to e trembly high standard of construction, finishing, maintenance and security of living. This is most secure investment in Multan and will offer big landlords a modern and high class living environment.

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