Top 5 Locations to Buy a Commercial Plot in Lahore
The city of Lahore is also known as the ‘heart of Pakistan’ –renowned for its architecture, cuisine, cultural, and political history, the city also provides a great impetus to the economy of Pakistan. As per the forecasts, it is estimated that by the year 2025, the GDP of Lahore will cross the $100bn mark and will serve as an economic vigour for the economy of the whole country. Similarly, like every other major urban centre of the world, Lahore engulfs major economic sectors including manufacturing, services, and quaternary.
Moreover, the real estate market of Lahore is also ripe and can serve the interests of various real estate investors looking to make the most out of either the residential or commercial aspect. The civic authority of the provincial capital – Lahore Development Authority (LDA) is tasked to carry out the development work and town planning of the city.
|Top 5 Locations to buy a Commercial Plot|
|Sr. No||Area||Size||Price Range||Size||Price Range|
|1||DHA Phase 5||4 Marla||Rs. 3 crore – Rs. 11 crore||8 Marla||Rs. 7 crore – Rs. 30 crore|
|2||DHA Phase 6||4 Marla||Rs. 3.75 crore – Rs. 12.5 crore||8 Marla||Rs. 7 crore – Rs. 26 crore|
|3||DHA Phase 7||4 Marla||Rs. 3.2 crore – Rs. 4.7 crore||8 Marla||Rs. 5.5 crore – Rs. 8 crore|
|4||DHA Phase 8||4 Marla||Rs. 3.25 crore – Rs. 8.5 crore||8 Marla||Rs. 6.5 crore – Rs. 15 crore|
|5||Bahria Town||5 Marla||Rs. 1.5 crore – Rs. 6 crore||8 Marla||Rs. 2.05 crore – Rs. 6.5 crore|
DHA Phase 5
First among all the locations on which an individual can deliberate on buying a commercial plot is Defence Housing Authority (DHA) Phase 5. DHA phase 5 is already renowned for the business activities emanating in the area moreover, DHA phase 5 also hosts the renowned educational institute of Pakistan – Lahore University of Management Sciences (LUMS) and is also situated near Lahore Ring Road. The area has all the basic facilities and amenities ranging from hospitals, parks, security, and all the basic utilities which are a prerequisite for starting a commercial activity.
The prices of commercial plots in DHA Phase 5 is explained below
- As per the table, or a 4 Marla commercial plot in DHA phase 5, the price bracket is set between Rs3cr-Rs11cr. The variation in prices is dependent on various factors therefore, a buyer should have a budget in this price range before buying a commercial plot in DHA Phase 5.
- Furthermore, for an 8 Marla commercial plot, the price range is between Rs7cr-Rs30cr. Owing to the increased size of the plot, prices are varying between the price bracket.
Find more commercial plots in DHA Phase 5 Lahore.
DHA Phase 6
The next location on the list is DHA Phase 6, the potential buyer from the investment point of view can also buy a commercial plot in this phase as it can provide a suitable base to different startups and enterprises. DHA Phase 6 is also equipped with basic utilities and amenities which are necessary prerequisites for setting up a business. The area has some famous grocery stores, banks, restaurants, and salons which gives a rough idea about the commercial activities in DHA Phase 6. Furthermore, Lahore Garrison University is also situated in the DHA Phase 6. The price range of commercial plots in DHA Phase 6 is as follow
- As per the given data, the price range of a commercial plant over 4 Marla in DHA Phase 6 varies between Rs3.75cr-12.5cr. The price of the 4 Marla plot in the commercial area of DHA Phase 6 is slightly above the commercial plot of the same size in DHA Phase 5.
- Similarly, the price range of a commercial plot of 8 Marla IN DHA Phase 6 oscillates between Rs7cr-Rs26cr. Thus, a potential buyer should keep in mind these prices and plot size before buying a commercial plot in DHA Phase 6.
Find out more commercial plots in DHA Phase 6 Lahore.
DHA Phase 7
DHA Phase 7, as compared to the above-mentioned phases of DHA is in the development phase. However, from the perspective of future investments, the commercial area of DHA Phase 7 is among the commercial areas which have the potential to give suitable returns on the investment. It is being envisioned that the commercial area of DHA Phase 7 will also host renowned commercial entities in the future like other commercial areas of DHA. Moreover, the housing authority has provided basic infrastructure including carpeted roads.
The price range of 4 and 8 Marla commercial plots is explained below
- According to the data given in the table, the commercial plot spanning over 4 Marla varies between Rs3.2cr-4.7cr. As compared to the commercial plot of the same size in DHA Phase 6, the prices of the 4 Marla commercial plots in DHA Phase 7 are low.
- Similarly, the price range of a commercial plot over 8 Marla in DHA Phase 7 varies between Rs5.5cr-Rs8cr. The prices of 8 Marla commercial plots in DHA Phase 7 are also lower than the prices in DHA phase 6. Therefore, an investor having budget constraints can deliberate on buying a commercial plot in DHA Phase 7.
Find more commercial plots in DHA Phase 7 Lahore.
DHA Phase 8
DHA Phase 8 also holds great potential from the perspective of future investments. For the commercial area of DHA Phase 8, it is also being envisioned that the commercial area will become a hub of commercial activities in the future. The DHA Phase 8 is also equipped with all basic facilities and can provide a strong base for businesses and other commercial activities. The prices of the commercial plot in DHA Phase 8 is explained below
- As per the provided data, the price range of the 4 Marla commercial plot in DHA Phase 8 varies between Rs3.25cr-Rs8.5cr. The prices of 4 Marla commercial plots in DHA Phase 8 are relatively higher than the plots of the same size in DHA Phase 7.
- Furthermore, the price range of the 8 Marla commercial plot in DHA Phase 8 lies between Rs6.5cr-Rs15cr. The price variation is determined on various factors moreover, the prices of 8 Marla commercial plots are relatively higher than the commercial plots of the same size in DHA Phase 7.
Find more commercial plots in DHA Phase 8 Lahore.
The last area on the list is Bahria Town, Lahore. One of the renowned projects in the real estate industry, Bahria Town provides safe investment opportunities to potential investors. Bahria Town is also equipped with all the basic utilities and amenities which are necessary for providing a suitable environment for commercial activities. Similarly, the commercial area of Bahria Town hosts major brands and it is being said that Bahria Town will become a major hub of commercial activities in Lahore. The prices of commercial plot in Bahria Town is explained as follows
- As evident from the data provided in the table, the price range of a commercial plot over 5 Marla oscillates between Rs1.5cr-Rs6cr. The starting value of a plot is Rs1.5cr and based on various factors can end up at Rs6cr.
- Similarly, the price range of an 8 Marla plot in Bahria Town lies between Rs2.05cr-Rs6.5cr. The prices of the 8 Marla commercial plots in Bahria Town are lower as compared to the commercial plots of the same size in DHA.