Lamudi looks at the cheapest plots to invest in in Karachi, Lahore and Islamabad.
Property-hunters on the search for reasonably priced and lucrative plots in Karachi, Lahore and Islamabad should go for Gulshan-e-Hadid, LDA City and Marigold Block of DHA Valley, respectively according to Lamudi.pk website onsite data.
Priced at an average Rs.4500/ square yard, LDA City is likely to be cheaper than any other area in Lahore. Similarly, Marigold Block of DHA Valley at Rs.3000-5000/ square yard topped the list for cheapest places to buy plots in Islamabad. Lastly, Gulshan-e-Hadid in Karachi at an average price of Rs. 5000/ square yard secured the first position in this category.
Saad Arshed, Country Director of Lamudi.pk, said: “Based on our extensive analysis of over 130,000 property listings, we have revealed the cheapest places to buy plots in the three main cities: Karachi, Lahore and Islamabad. The information mined from our property portal’s comprehensive data gives property buyers an in-depth look into the Pakistan’s real estate market, and informs property investors, where to find the most reasonably priced plots.”
In Karachi, the top five cheapest places to invest in plots are: Gulshan-e Mehran, which is almost at the same level as Gulshan-e-Hadid and is priced around Rs.5000/ square yard. Korangi is up next, where you can invest in a piece of land at around Rs.8000/ square yard. Malir is averaging Rs.9000-13,000 per square yard and lastly Bahria Town, which has recently entered Karachi’s real estate market and is offering plots around Rs. 10,000-20,000/ square yard.
In Islamabad, after DHA Valley’s, Marigold Block, there is Ghauri Town with an average price of Rs.5000-8000 per square yard. Phase 2 of Jinnah Gardens is around Rs.6000-9000 per square yards, followed by PECHS which is averaging Rs.9000-13000/ square yard.
Pakistan’s liveliest city, Lahore, in the list of top five cheapest places to invest, after LDA City, comprises of State Life Housing Society at an average Rs.6500-7000 / square yard. Sui Gas Housing Society came at third position with an average price of around Rs.7500-8000/ square yard. In fourth place there is IEP Engineers Town priced around Rs.8000/ square yard, closely followed by Fazaia Housing Scheme costing Rs.8500/ square yard.
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