2013-09-06 10:11:03 - Gulberg Lahore enjoys a central position in Lahore estate sector. Although this area has become increasingly commercial, yet the demand for houses for rent in Gulberg is quite decent. In this regard, Zameen.com offers a performance analysis of Gulberg Lahore.
With Lahore expanding beyond Barki, Raiwind, Guhawa and Kahna Nau, Gulberg has become the city’s new centre. The once serene society that housed the elitists of the elite is now known as the much visited shopping district of the city. Many houses located on the important roads such as Noor Jehan Road, MM Alam Road, Mehmood Qasoori Road, and Hali Road are now demolished or remodelled to be used as commercial property. In addition to that, many of these houses are already used as offices and warehouses. Zameen.com notes a notable rise in demand of house in Gulberg and offers an analysis of this demand.
Despite the pounding commercialization, there are many peaceful and residence-wise ideal areas here. Although most of
these houses in Gulberg are built in old fashioned style with big porches, huge lawns, decent sized backyards and servant quarters, the interested tenants can also consider choosing from some cheaper options. The adjoining localities of Gulberg also make great residence for bachelors. The continuous demand of these houses for rent in Gulberg make them a very attractive investment option in Lahore real estate sector because they now have commercial status and can earn the investors a very handsome regular monthly income.
According to Zameen.com’s data, the demand of these houses, among online users, has increased 46.5% since January this year. It is interesting to note that the rising demand of Gulberg houses did not trigger any spike in the rents of these houses, which explains why the tenants are drawn to shifting here. The houses that are used for commercial purposes have higher rents. The pace at which Gulberg is transforming from a posh housing society to a luxury commercial area, any property here is valued greatly in Pakistan real estate sector. The property analysts at Zameen.com believe that in about a decade, Gulberg will become home to some of the city’s tallest, prettiest and commercially valuable buildings.
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