2013-09-06 09:24:31 - Lake City, the master planned posh community of Lahore, has managed to intrigue the interests of local and international investors. With consistent and decent growth, the plots in this locality not only promise good ROI on long term investment but a lifestyle that would is matchless in Lahore at least. Zameen.com throws light on the performance of Lake City Lahore during last five years.
At Zameen.com, Lake City is one of the 20 most searched locations of Lahore. This locality also interest overseas investors because of various reasons and many of them have actually invested here. Some investors and buyers believe that since the locality lies a few good miles outside the premises of the city, the value of residential plots in Lake City has not increased as much as it did for other localities and properties in Lahore. However, comparing 2008’s rate of 5 Marla residential plots with the present property prices shows a different picture.
Ever since the society was launched in 2008, the value of residential plots here has multiplied many folds. As per the data maintained by Zameen.com, sale price
of 5 Marla residential plots has increased 380% during the last 5 years. Same is true for 10 Marla and 1 Kanal plots. When launched in 2008, the sale price of 5 Marla plots in Lake City Lahore was Rs. 300,000, which has now crossed the mark of Rs. 1,450,000. In 2013 alone, sale price of 5 Marla plots here have gone up by 28%.
When seen percentage wise, this jump seem impressive but when compared with property rates in neighbouring localities such as Bahria Town, Lake City Lahore seem to need some more time to offer bigger ROI to the investors. The real estate and property experts at Zameen.com believe that the value and demand of housing societies located in the outskirts of Lahore will trigger with the increased commercial and corporate activity in the central areas. To some extent, this process has already begun as the value of 10 Marla and 1 Kanal plots in Lake City Lahore has increased 21.6% and 24% respectively during the first half of 2013.
It is also a fact that as a luxury housing society of Lahore located away from the city’s bustling life, any investment made in Lake City Lahore would be truly worth it. The development plan of the community includes houses located in the centre of vast golf courses, surrounded by exotic trees and adorned with manmade lakes. These facts combine to urge the investors and buyers to invest in the localities that are free from dozens of pollutants found in the regular city lifestyle.
For more information please visit: www.zameen.com
This press release is also published on: www.briefingwire.com/pr/performance-of-lake-city-lahore-in-the-l ..