Monday, 30 May 2016
Lahore Real Estate Market Witnesses Significant Rise
Lahore: The real estate market of Pakistan is experiencing significant growth now a days. The last month started with a positive note especially for the market of Lahore and Karachi. Islamabad’s real estate market also did not show decline but progress of Lahore and Karachi was far better.
Lahore is gaining significance in the real estate sector and the housing scheme including DHA’s new phases (VII to IX), LDA Avenue I and Bahria Town turned with substantial output.
Islamabad showed stability in prices while Lahore real estate market performed well in last month and its localities are showing controlled growth trend.
DHA Lahore Phases VII to IX experienced a modest rise of 0.98 percent, Bahria Town also gave positive performance and witnessed rise of 1.07 percent, while LDA Avenue I displayed rise of 2.90 percent in the 1-kanal category and 5.45 percent sharp rise for 10 Marla plots, because construction work on houses is underway in this location. Wapda Town also showed minor rise of 0.43 percent. Overall, Lahore real estate market went with reporting no decline.
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