In many of our previous blogs we discussed the repercussions of buying plots of different sizes. For this blog our discussion will be central to buying a 5 marla plot for sale in Lahore. As most of you know that Lahore is one of the biggest cities in Pakistan and one of the most populated ones too.
This city faces an increase in the number of people entering it with respect to the lifestyle and facilities which attract people to this place. Over the years it has become increasingly difficult for the residential and commercial societies to manage and accommodate the increasing number of population. Let’s divide our conversation for easy elaboration of the entire idea that we have:
Why do people purchase 5 marla plot for sale in Lahore?
First of all Lahore is a central location in Pakistan and it has direct and easy connections with other cities. This city is enriched with many health facilities and government institutions which is why people from rural areas flood this place every year in the pursuit of a better future. As for the healthcare facilities, Jinnah Hospital in Lahore is a very big hospital along with Shaukat Khanum, where thousands of patients pay a visit in a day in order to get medical treatment.
There are many other facilities which attract people from rural areas. As for housing schemes then we have Bahria Town, DHA, Johar Town and many other societies which are providing amazing facilities.
As for 5 marla plot for sale, a person might wonder that why wouldn’t an investor buy a 5 marla house instead as many residential societies are offering such homes. The point is that many people feel comfortable when they have customized product in their hands in accordance with their needs.
When a person buys a 5 marla plot for sale in Lahore, then the investor will much likely construct a good house with the best raw materials. Many a times the raw material used in constructing houses is cheap which is why people like to minimize the risk of buying a faulty house.
A 5 marla plot for sale in Lahore is an ideal area for a family which has just 3 to 4 members. Lets suppose a family wants to shift to this city, and they have two kids with the addition of the husband and wife, then a 5 marla house in Lahore would be ideal for them. Usually it takes 4 to 5 months for a house to get constructed if the money is being spent really fast. A 5 marla plot for sale can be bought in Township or Johar Town which are two ideal locations in Lahore. A 5 marla plot for sale can be used for many purposes.
What will the benefits be of buying a 5 marla plot for sale?
Well there are many benefits of buying a 5 marla plot for sale. The first is that if the plot is not to be constructed on with a house then the plot can be given on rent for small parties and private functions. Usually in Lahore people now prefer to have their private celebrations conducted outdoors. A real estate investor who will buy a 5 marla plot for sale in Lahore will much likely like to earn rental income. After the plot is utilized properly and a house or any other small commercial building is constructed on it, the place can be given for rent as well.
Many shops and malls in Lahore have been built on areas of 5 marlas and 10 marlas which then are vertically expanded so that people can benefit from them. Currently a 5 marla shop in a commercial area costs around PKR 1,00,000 to rent on a monthly basis and this might change with the area in which the shop is located. However there are many shops in local areas which do not cost much to rent. A 5 marla plot for sale thus can benefit the real estate investor in many ways.
What is the price of a 5 marla plot for sale in Lahore?
The prices of different 5 marla plot for sale in Lahore is different. If you visit our website then you will come to know that the prices of 5 marla plots for sale are different for all the sectors. Let’s take a look at the difference in prices:
5 marla plot for sale in Bahria Town costs PKR 65 lac
5 marla plot for sale in DHA Rahbar block costs PKR 49 lac
5 marla plot for sale in Capital City costs PKR 11.25 lac
This difference in prices shows that in accordance with the locality in which the plot is located, the prices are then determined. Even an average price cannot be quoted here because the differences are significant.
If you are a real estate investor and looking forward to invest in 5 marla plot for sale in Lahore, then please proceed your decision with wisdom. There are many properties listed on our official website Zarorat.com which can be considered seriously. However if you are going to invest in a 5 marla plot for sale in Lahore then always consult an expert opinion so that the chances of you being conned by fraudsters get reduced.
Kindly keep reading our blogs to know more about the hot and super hot properties in town.