The real estate sector of Lahore is one of the most vibrant and growth oriented throughout the region. The reason is the fact that Lahore is the 2nd Largest city of Pakistan in terms of land area and the population. Currently, like other real estate markets of Pakistan, the real estate market of Lahore is also witnessing an exponential growth trend. The reason for this growth is an unprecedented increase in the real estate sector of the country is a rapid influx of new real estate investors who are now trusting the system for a level playing field.
As a new real estate investor in Lahore, there are multiple things that you need to see before making the investment leap. Here are the three factors that you need to study before investing in the real estate market of Lahore:
Location – Location is the number one factor that you need to take in consideration before you mark a property for investment. In Lahore, the northern are of the city is the most active in terms of real estate development. After the government announced the new Ravi River View Development Plan, the property market in the north and north-east of Lahore has taken a hike. The Lahore smart city is a good project in this region. According to the Lahore smart city map and masterplan, the society will be in a very close proximity of the Ravi River View Urban Development Project.
Developer Reputation – After location, it is the developer’s reputation that takes the center stage after you have determined a good location. For instance, in case of Islamabad, Capital Smart City Islamabad and Park View city Islamabad are best for investment since their developers are highly reputable real estate conglomerates. The developers have delivered in these societies as Capital Smart City balloting is already done. This means that reputable developers deliver what they promise.
Installment Plans – You also need to consider the installment plans that are being offered by the real estate projects. For instance, the Park View City Islamabad installment Plan starts with 25% down payment. Whereas the other societies start with 10%. So, you will have to look for an installment plan that matches your budget. The installment plan that you choose must be done after due diligence and you should try to get discounts as well.
Park view City Islamabad is the best investment option in town these days as they recently launched the Golf estate block in Park View City and offers different installment plans in Lahore Smart City.
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