Lahore, the second populous city, is the heart of Pakistan. This city is the perfect fusion of ancient and modern heritage. Lahore has rich Mughal architecture along with modern-day infrastructure. It is the capital of Punjab and is thought to be the most prosperous city in Pakistan, one of its own kind. Because it is the most developed city in Pakistan, it is always offering several investment prospects.
Lahore is the hub of business activities. The city has over the years, gained the trust of business community and investors, of being the Land of reliable benefits and returns. The city has been growing and contributing massively to the economy. On the other side, Lahore has been expanding its boundaries, the increasing population of Lahore has also alarmed the authorities of future challenges of inadequate housing facilities for the people. Hence, the authorities responded by planning urban development projects. One of the projects that triggered the initial growth in the real estate industry was Ravi Riverfront Urban Development Project.
The recent government decisions that further encouraged the real estate sector are:
- to build national affordable houses, Naya Pakistan housing Scheme
- announcement of construction package during the pandemic
The mentioned decisions triggered the economy, exclusively the Real estate and Construction industry as they complement each other. Thus, the investors have started pouring in money in the real estate aggressively especially in the LDA (Lahore Development Authority) approved projects. At the same time, the government is also eager to attract overseas Pakistanis to invest. Because of the pandemic and economic slowdown all over the world, the Overseas Pakistani also consider it a valued opportunity to invest in residential and commercial projects. Since the world came into existence, a piece of land is always considered to be an irreplaceable and valuable asset as Mark Twain, an American Travel writer says, “Buy land, they’re not making it anymore”. Similarly , the Lahore real-estate gives you the opportunity of buying that irreplaceable and valuable asset, the land.