The top Lahore societies for high rental income

Earning from real estate is possible in more than just one way. For many, buying property at cheaper rates and selling it in  the due term at a higher price is the prime means to make some solid income. With market conditions becoming unpredictable, searching for better and confirmed gains from real estate has become even more important. In such circumstances, rental income is considered as one of the securest and safest options to make good money every month. If you haven’t considered it already, it isn’t too late.

The article gives you a fair idea of how much rental income you can possibly making by investing in Lahore’s top two most popular housing societies. The data and statistics shared below will help you understand the potential of investing in houses as compared to buying plots.

DHA Lahore

This project primarily features 10-marla and 1-kanal residential plots and houses, where the demand for built units is higher in the fully developed phases; Phases I, II, III, IV, V, and VI. These are also the phases more popular among tenants looking to rent a house in DHA.

While it is often the case that most tenants prefer renting the upper portion of a house, while the lower portions stays in use of the owner, the data presented below is for the whole unit. The data used is for the month of June, 2018.

Bahria Town

The developer has many projects in Lahore including Bahria Nasheman, Bahria Town, Bahria Orchard, Bahria Education and Medical City, and Golf View Residencia but the most popular one remains Bahria Town.

While you can find many 5-marla houses here, the property size that’s also popular among tenants, we have included data for 10-marla and 1-kanal houses for rent in Bahria Town. This data is exclusively maintained by Zameen.com.

Johar Town

It is the second most popular place among people looking to rent a house in Lahore. That’s also because tenants can find affordable options in terms of houses smaller than 10 marlas. Furthermore, because of commercial development and the fact that the society is very well connected with all prime areas of the city, living here is the best option for many tenants looking for a house to rent in Johar Town.

In addition to that, the landlords here are also up for renting out either the upper or lower portions of houses as opposed to some other popular developments where smaller units are often rented out as a whole. For Johar Town too, we include data for 10-marla and 1-kanal houses to keep the comparison logical.

Looking at the data shared above, it is easy to understand that if you had invested in a house in one of the above-mentioned societies instead of buying that high-end plot which you now find hard to sell, you would have been making regular monthly income. In fact, rental prices increase by 10% every year, while value of land also increase in areas and neighbourhoods that attract tenants.

So the next time you have to make a decision a real estate investment, think smart.