Real Estate

Best Housing Societies to Buy Rental Properties in Lahore

Estate agent shaking hands with customer after contract signature

It is no secret that Real Estate industry in Pakistan has undergone a remarkable growth in the recent decade. It has contributed enormously to Pakistan’s economy and continues to do so. An ever-greater percentage of people are considering to invest in real estate sector primarily due to significant returns on investment. Many people purchase a property intending to sell it later at a time when its market value has been substantially appreciated. Real Estate Company Near me in Lahore.

Although the real estate sector is considered a lucrative investment option, it is rife with fraudulent practices. Therefore, it is of paramount importance to be well-versed in the basics of the industry before jumping in. This ensures the income process to be hassle-free and reduces the probability of any fraud or scam. 

Purchasing a rental property is a great step for any investor. With the little bit of patience and the right among of effort, it can be an excellent way to generate passive income. Deciding the perfect place for purchasing an investment property requires us to look at a few factors. A suitable housing scheme for purchasing a rental property would be the one with high rental demand. Demand of a housing scheme depends primarily on the following parameters:

  1. Location
  2. Affordability 
  3. Infrastructure 
  4. Facilities 
  5. Legal approval

For this reason, we have shortlisted the best housing societies in Lahore for purchasing rental properties with a healthy amount of ROI. All these societies are approved by Lahore Development Authority (LDA) and feature the characteristics of a top-tier housing scheme wooing reliable tenants, coupled with easy management as a landlord. So, without further ado, here are the best housing schemes for buying rental properties in Lahore:

Bahria Town Lahore:

Bahria Town needs no introduction as it is a well-recognized and trusted name throughout Pakistan for residential as well as rental purposes. It is a gated community, planned and constructed according to state-of-the-art design. Moreover, international architectural standards. It is a beautiful, secure, and resourceful residence with 24/7 security and an extremely diverse range of facilities including educational institutions, hospitals, markets, parks, mosques, and recreational centers. It is among the most favored destinations for people looking for rental properties as it reliably provides all the public utilities to its residents. One prominent feature of Bahria Town is that it is independent of the national grid and generates its own electricity. Therefore, it is free from any load-shedding or electrical disruptions. The price range for houses for rent in Bahria Town Lahore is quite reasonable and provides the best facilities. 

It has set a benchmark in Pakistani housing schemes that is hard compete with. Due to its aesthetic charm, sophisticated infrastructure and proximity to the center of Lahore, it is an ideal housing society for purchasing rental properties. 

DHA Lahore:

Sub-divided into 11 phases, Defence Housing Authority (DHA) Lahore is another housing society that enjoys the same level of recognition in the real estate World. Each phase has a central commercial area where commercial shops are located catering to all the needs of the residents.

Different types of residential properties are easily available here, starting from 5 Marla and going up-to 2 Kanal. DHA has been the talk of the town for as long we can remember because of the luxurious lifestyle it offers. Its location near the center of Lahore makes it a highly sought-after residential area. Hence, buying an investment property or houses for rent in DHA Lahore has profound merits in terms of financial short-time and long-time returns. 

Lake City:

Lake City has hit the bullseye when it comes to sophistication and elegance in town planning. It is located at the outskirts of Lahore city and hence protected from the overcrowdedness and hustle and bustle of modern life. It is a gated community and has developed into a splendid residential project. Moreover, it provides a lifestyle that is characterized by utility, and affordability. 

Lake City Golf Course is an astonishing sports facility in the housing society. Its infrastructure design and development with the highest level of expertise in the landscape. And scenery planning, and most certainly is one of its kind in the region. Furthermore, all the important amenities are available here. And facilities include restaurants, malls, parks, playgrounds, and mosques and several tourist attractions. All of these qualities render this housing society as an attractive option for buying a rental properties or houses for rent in Lake City Lahore that will promise long term benefit.

Model Town:

Built across an area of 1000 acres, Model Town Lahore is a well-planned locality. It is comprising of 10 blocks situated in the heart of Lahore. It boasts of developments on a substantial scale, including Model Town Park, Central Commercial Market. Moreover, Bank Square Market, Model Town Football Academy, and Model Town Club. Model Town is famous with numerous green parks, wide roads, and shopping streets. Houses for rent in Model town Lahore are readily available in a reasonable price range. 

It belongs among the prime residential towns for the middle and upper-middle-class citizens. Several renowned educational Institutions are located nearby, including the University of Punjab, the University of Management & Technology, FAST NUCES, and the University of Central Punjab. This makes the town a highly desirable place for students of respective Universities. By making it a great option for buying rental properties. Find the best Real Estate Company Near me who can guide you in more detail.

Read more at: dkworldnews


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