Where Can You Find Houses on Instalment in Lahore?
People have been migrating to Lahore for years for better opportunities and high quality lifestyle. With the continuous increase in population, increase in property prices and rapid urbanization, it is becoming difficult for people to buy property in Lahore at their favourite locations with full payment. In the following post, we have compiled data of two well-developed, secured and magnificent residential societies that offer houses on instalments in Lahore.
Paragon City, Lahore
Paragon City, a well-developed, peaceful urban place, is gated and secured residential society that offers amazing living options to the residents. It enjoys a prime location in Lahore off Barki Road, parallel to airport road and opposite to DHA phase 8. It is an ideal place for all those who want to live in a gated society and can compromise on distance from the central point of Lahore i.e. Gulberg.
Real estate experts believe that it is one of those residential societies that have potential to grow tremendously in near future in terms of investment, facilities and residences alike. The society is stretched over thousands of acres and planned to comply modern housing standards. Moreover, it offers potential buyers houses on instalments. Prices of 5 marla residential plots in block Woods and Imperial II ranges between PKR4,500,000 to PKR6,000,000.
You can get constructed homes on instalments there at more than PKR11,000,000 - by paying almost 30% down payment and the rest of amount in monthly instalments. Instalment plans can be tailored as per personal preferences but it would not exceed 24 months.
Dream Gardens, Lahore
Dream Gardens, Lahore is another promising, gated and self-contained residential project planned over 500 acres, offers world class facilities and amenities. Phase I is fully developed and people are living there. Seeing the interest of pro investors in phase I, the developer launched phase II of Dream Gardens in February 2017. Phase II is spread over an area of 200 acres and developer promises to complete development work on priority basis.
Dream Gardens is located on Main Defence Road, having easy access from the Lahore Ring Road, Ferozepur Road, and Raiwind Road. It offers a number of residential plots, houses and commercial plots. You can find 5 marla, 7 marla, 10 marla, 20 marla and 30 marla residential plots while in commercial plots category you can get your hands on 6, 7 and 10 marla plots.
Dream Gardens offers all world class facilities and amenities including spacious roads, manicured pathways, green belts, waste disposal system, functional sewerage system along with water, gas and electricity supply. Prices of residential plots range between PKR5,500,000 to PKR8,000,000. The prices of 5 marla houses start from PKR13,000,000. Moreover, you can also find homes of 7, 10. 20 and 30 marlas respectively.
Even for this residential project, the instalment plan can be tailored to some extent but overall, the instalment plan cannot exceed 36 months.