LAHORE: The country’s real estate sector witnessed growth during the first quarter of the calendar year.
Property rates in Lahore increased commendably in the corresponding period. Prices in DHA Lahore and LDA Avenue I shot up considerably, while other localities also posted promising figures, much to the satisfaction of investors. Although Islamabad performed adequately, it did not witness growth as prominent as was witnessed in Lahore.
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According to Zameen.com’s statistics, DHA Lahore Phases I to VI posted a controlled increase of 1.26 percent for 1-kanal plots, while Phases VII to IX also registered a controlled rise of 2.76 percent in this category. In the 10-marla category, DHA Lahore Phase’s VII to IX saw an impressive 5.16 percent growth. Clearly, investing in DHA’s latter phases is producing lucrative returns and is currently a promising proposition for the investors.
DHA Islamabad showed a visible upward trend, but Sectors F-11 and E-11 just managed to cling on to stability. Bahria Town, on the other hand, plunged downwards. The federal capital’s real estate market showed mixed results. Bahria Town disappointed investors by registering a massive 6.91 percent fall in the average price of 1-kanal plots.
Karachi’s market saw noteworthy growth, primarily because of the improved law and order in the city. Bahria Town Karachi (BTK) and DHA City Karachi (DCK) posted remarkable numbers, while other localities witnessed controlled increase.
