Providing shelter is an obligation of every state. If the state fails, non-governmental players play their roles. Non-government players can be NGOs, private developers, banks etc. This scenario is very true for Pakistan. The country is currently facing a housing backlog of around 10 million units which is increasing at a rate of 0.5 million per annum. Past and current efforts by the government are not enough to eliminate or even minimize this backlog.
The state is not equipped with enough funds and resources, thereby, cannot fill this backlog itself alone. From these key points, it becomes evidently clear that the housing crisis is a matter of serious concern for Pakistan, and low-cost housing schemes can play a pivotal role to provide housing units to all classes, particularly to the low-income. According to a list uploaded by Lahore Development Authority, there are more than two hundred housing schemes only in Lahore, however, the following are the top five low cost housing schemes to look for in Lahore.
Bahria Town Lahore is considered among top-notch housing schemes. The management of Bahria brings back the modern lifestyle. Vast plains abundant with natural green settings host the most progressive residential lifestyle. Health facilities and entertainment along with commercial and business opportunities establish Bahria Town Lahore as one of the most progressive and opportunistic places in Pakistan. Diversity is what Bahria town is proud of. One can find residents of all classes. Although the luxury lifestyle of Bahria gives a feeling that only the elite class can purchase a plot there, this is not true. Budget breakdowns and installment plans make plots cost-effective that everyone can afford.
Lahore Park View City
The Lahore Park View City is a modern real estate project. It is located on the main Lahore – Multan road and lies in the proximity to DHA Lahore. The society enjoys one of the best infrastructural development and landscaping. Lahore Park View City offers 3 Marla, 5 Marla, 10 Marla, and 1 Kanal residential and commercial plots. Diversity in the availability of plots and well-crafted installment plans make Lahore Park View City a cost effective housing scheme as everyone can purchase according to their capacity.
SA Gardens, a world-class housing scheme, located at the prime location of Grand Trunk (GT) Road near Kala Shah Kaku (KSK). The location of SA Garden is a jewel in its crown; far from the madding crowd, yet so close to the vicinity of Lahore. This housing scheme is setting a new benchmark in the community of different reputed housing schemes as the payment plans of SA Gardens are extremely flexible. Both from an investment and residence point of view, SA Garden is a good and cost-effective scheme to invest to look for in Lahore.
Al Noor Orchard
AL Noor Orchard Housing Scheme Lahore is a prominent name among well established and modern housing societies of Lahore. It is setting the new standards of lifestyle. This housing scheme is well known for its innovative and modern lifestyle which makes it different from other Housing Projects of Lahore. Al Noor Orchard Housing society with all its charms and attractions prove itself an extremely cost effective housing scheme. The best part about this project is flexible payment plans to make sure not only upper class, but middle and lower middle class can also afford it.
ZAITOON – New Lahore City
Zaitoon has been one of the leading developers of Lahore for over three decades. Among multiple successful commercial projects Zaitoon has two flagship residential housing projects i.e. New Lahore City and Zaitoon City. The ones in pipeline, which shall be launched soon in various cities of Pakistan are also on their way to be the best of the lot. To speak of Zaitoon– New Lahore City, it is a modern and peaceful Housing Society in Lahore true to Zaitoon’s tagline of ‘Lifestyle Beyond Excellence’. Considering the location of this society, it away from the city pollution to live a healthy and peaceful life yet it is just 700 meters (0.7 KM) away from Lahore Ring Road Southern Loop III (SLIII) interchange. It is a perfect place to enjoy a luxurious and modern lifestyle yet peace and tranquility since being away from the hustle and bustle of the city gives you a peaceful lifestyle yet being so close to Lahore Ring Road gives you the traffic signal-free connectivity to all major points of the city. ZAITOON – New Lahore City is not only one of the best options for making a home but also one of the best options in Lahore’s real estate to invest in because of its outstanding infrastructure and modern facilities which keep increasing every-day. So far, the management has delivered what it committed with 100% satisfied customers. As far as plot options are concerned, they offer residential and commercial plots on easy installment plans for people of every income bracket. In the residential category they offer 3, 5, 7, 10, 20 & 40 Marla plots. In the commercial category they offer 2, 5, 8 & 10 Marla commercial plots. These plots are available on cash payment and also on easy installments. Truly, it is a housing scheme where luxury meets leisure. With all facilities and location, its best time to invest here because the demand is going to be very high and investors in this society have already gained over 300% ROI (Return on Investment) on their investments. The best part is that it is completely approved by all relevant legal government authorities.
Among above mentioned housing schemes, one can invest without any hesitation. It can be safely ventured that one’s investment in any of these five housing schemes will return back the money with decent profit.