Why high-rise projects in Lahore are the best investment for 2024. The visionary
Lahore’s real estate market is witnessing a significant shift towards high-rise projects, making them an attractive investment opportunity for 2024. In this article, we will examine the reasons for this. Why investing in high-rise buildings is a smart choice over traditional plots or files based on expert insights.
The rise of high-rise living in Lahore
The trend of high-rise living in Lahore is becoming increasingly popular. Unlike previous years, where community living concepts were few and far between, the city now boasts of several new projects being launched weekly by leading developers. This shift towards high-rise development offers a modern lifestyle that is in line with urbanization trends seen in other major cities.
Stability of investment in high-rise projects
Investors who bought units in high-rise buildings two to three years ago have seen their property values increase substantially. While other property types, such as plots and files, have seen significant price corrections—sometimes up to 30%—high-rise properties have remained resilient. For example, properties that were initially priced at PKR 15,000 per sq ft have increased from around PKR 22,000 to PKR 23,000 per sq ft, indicating strong demand for vertical living spaces.
For example projects
- New Life Residency In DHA: Initially offered at PKR 15,000 per sq ft, current rates are around PKR 22,000.
- vertical On Pine Avenue: Initial prices similar to current market values indicate considerable appreciation.
- Bahria Town Projects: Several projects were launched at PKR 12,000 per sq ft, which have now gone up to between PKR 15,000 and PKR 20,000 per sq ft.
These examples highlight the trend where high-end properties not only retain value but also provide significant returns over time.
Accessible and affordable
A major advantage of investing in high-end projects is their accessibility through flexible payment plans. Many developers offer minimal down payments, making it easier for investors to enter the market. Standard installment plans range from three to three-and-a-half years, providing a viable path to ownership.
In contrast, building a house in Lahore can be cost-prohibitive, with budget estimates starting at around Rs 2 crore for a five-marla house. However, high-rise apartments can be booked at more affordable rates, allowing buyers to take advantage of payment plans instead of paying cash upfront.
Ideal investment for a variety of buyers
Whether you are an investor, an end user looking for a home, or looking for rental income, high-rise properties are highly recommended. The combination of location, modern amenities and communal living makes these projects attractive. They cater to different market segments, ensuring that a wide range of buyers can find suitable options.
The result
As Lahore’s urban landscape evolves, high-rise projects are positioned to become cornerstones of modern living. With their potential for appreciation, flexible financing options, and attractive lifestyle offerings, they represent a Best investment opportunity in 2024.
For those interested in entering the high-end market of Lahore, this is the best time to invest. With down payments ranging from 10% to 25% and the promise of lucrative returns on investment, prospective buyers should reach out to real estate professionals to explore the authorized projects available in the market.
