Having rental revenue provides a constant source of income without having to put in the effort. Hence investing in a property that can be given for rent is a wise decision that will prove very beneficial. However, before investing in any asset, it is essential to research to make the most optimal investment. Here are the best neighborhoods in Lahore that provide good rental revenue that is stable as well. Do you want to build a house in Blue World City?
Bahria Town Lahore
Bahria Town Lahore, with its futuristic approach and modern planning, is regarded as one of the best housing projects in Lahore and Pakistan. Bahria town Lahore provides several facilities to its residents, and in a short period, it has become among the leading housing societies in Pakistan. The value of houses in Bahria town has increased significantly, and a future rise is expected. More and more people prefer to live there due to its residents’ high living standards. Hence it is one of the best neighborhoods for rental revenue because of its high demand.
Park View City
Park view city is a dwelling society located on Multan Road, Lahore. Park view city is being created by the Vision group owned by Aleem Khan. Park view City promises world-class facilities to its members and has several recreational areas. It has its Shopping mall, cinema, and Mosque, all located within the housing society. It provides its residents with a premium living environment according to international standards. Its futuristic approach stands out from all other housing societies in Pakistan, making it one of the best housing societies for rental revenue.
Al-Jalil garden is a housing society located in Lahore on the Jaranwala-Sharqpur road and is a few minutes away from the M2 motorway connecting Lahore and Islamabad. The most significant plus point of this housing society is that it has already been approved. Recently there have been many cases where housing societies had started taking bookings but then failed to get a NOC. Therefore, along with providing good rental revenue, your investments into this housing society will be completely secure.
New Lahore City
New Lahore city is nestled on main canal bank road and is located in the city’s center. It is a short distance from DHA Lahore, Lahore airport, and main Multan road. It is a project of the Zaitoon group, one of the leading real estate developers in Pakistan. Their previous projects include Zaitoon city, which has made its mark in the real estate world due to its excellent facilities. Due to its prime setting, it is an ideal living location for several people. Hence by investing in a property here, you will find several tenants that will also offer a high rent.
DHA Lahore is managed as an armed forces project by army officers. It is divided into several phases to make management more effortless. DHA has projects all over Pakistan and is has emerged as an elite neighborhood. It provides a premium living standard that was initially absent in Lahore and other areas of Pakistan. DHA Lahore is known for its strict rules and implementations that ensure that society is safe, clean, and green for its residents. It is one of the prime neighborhoods of Lahore, and hence the rent of houses there is significantly high. Investing in DHA Lahore will promise a high rental amount and will also be a good investment as the plots’ values are constantly increasing. Know about payment plan of 1947 Housing.
All these neighborhoods listed above act as an ideal investment for rental revenue. Since buying property is a considerable investment, you must do your research before many any decisions. Hiring a real estate agent will make the process easier and help you make the right decision. The real estate market is the agent’s area of expertise, and hence they can provide you with valuable advice.
Ramza Zahra is a Karachi-based freelance content writer who uses her life experiences and curious nature to research and pen it down and make a living. Currently, she is working with Sigma Properties as an Snr. Content Writer.