- June 27, 2023
- Posted by: Muhammad Shehzad
- Category: Blogs
Vertical Projects in Lahore move towards a more sustainable future for the city and country hence captivated the hearts of many. As the second most populous city in Pakistan and the 26th most populous city in the world, Lahore is home to over 13 million residents and counting.
As Lahore continues to attract an increasing number of residents and newcomers, the city is faced with the challenge of providing homes for all who fall in love with its charms. Furthermore, the limited availability of land and soaring property prices have prompted a shift towards vertical residential projects as a viable solution. The old city, with its Mughal architectural grandeur and expansive open spaces, is no longer practical for meeting the evolving needs of the population.
In response to the changing demands of the city, Lahore is witnessing a surge in vertical development projects. These newly-introduced apartment complexes offer a fully-facilitated community lifestyle, moreover transforming each project into a self-contained suburban community within its walls.
Leading real estate developers are bringing international standards of living to Lahore, catering to the desires of Lahorites for instant gratification. Residents of these contemporary apartment complexes enjoy a secure and hassle-free lifestyle, with premium facilities such as
- retail outlets,
- fitness centers,
- daycare facilities,
- And more, all conveniently located within the same buildings as their homes.
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Several vertical projects in Lahore have garnered immense success among investors, offering luxurious amenities and attractive payment plans. Let’s explore some of these projects:
Situated on Main Boulevard in Gulberg III, this 23-storey skyscraper offers hotel suites, serviced apartments, and commercial outlets. Investors can benefit from a guaranteed annual rental yield of 10% on hotel apartments. Additionally, commercial buyers can avail a special offer to pay in 4 years and gain possession in just 2 years.
Inspired by Grecian architecture, this stunning development on Mian Mehmood Ali Kasoori Road features hotel suites and commercial outlets. With a height of 25 storeys, the multipurpose vertical complex provides a guaranteed rental yield of 10-12% on hotel apartments, along with a free voucher for 30 nights’ stay. Commercial buyers can also take advantage of the ‘Pay in 3.5 Years and Get Possession in 1.5 Years’ offer.
Located on Main Zafar Ali Road in Gulberg, Zameen Quadrangle offers 1-bed, 2-bed, and 3-bed apartments, along with exclusive penthouses. The project embraces a contemporary theme while reviving the central courtyard concept. Buyers can pay in 30 months and gain possession in 15 months, enjoying a community-lifestyle experience.
This luxury residential apartment and townhouse project on Raiwind Road has gained immense popularity. While the townhouses are already sold out, a limited inventory of 2- and 3-bedroom apartments is available. The project offers a convenient payment plan of 5 years, with possession expected in 2.5 years. As an added incentive, there is a free furnishing and finishing deal.
Located in Block D1 of Gulberg 3, this project offers hotel apartments, service apartments, and spacious commercial outlets. With approvals from both the Lahore Development Authority (LDA) and FBR, Sitara Serene Tower guarantees a 12% rental yield on hotel and serviced apartments, along with an 8% rental yield on commercial outlets.
Situated in Architects Engineers Society’s Block F, this development features tastefully-designed 1- and 2-bed apartments. Limited units are available due to high demand, and buyers can enjoy a 7% guaranteed rental yield till possession on 100% cash payment.
These premium vertical projects have witnessed significant demand from buyers and investors, offering attractive features and investment opportunities. Interested individuals are encouraged to explore these options and contact the respective developers for further information.
Lahore’s transition to vertical living is a testament to the city’s adaptability and commitment to providing contemporary housing solutions. With a plethora of high-rise residential projects catering to diverse preferences, Lahore continues to allure individuals seeking a modern, fully-facilitated lifestyle.
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