Among such societies as Pak Arab Society Lahore that was launched in 2003. This residential community was primarily launched to fulfill the needs of the lower middle and the middle class. Due to the growing prices of real estate and the overall expenses, people are more inclined to buy smaller houses these days. Due to this reason, the societies that offer small plots usually get quite popular because more and more middle-class people buy the 5 marla and 10 marla size for constructing their homes.
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Due to its sound location and fast paced developmental work, this scheme has grabbed the interest of many home buyers and investment buyers as well. Moreover, the prime location of Pak Arab Society Lahore for residential place has contributed to its popularity as well.
People are also inclined to buying houses because this scheme is based on the project of WAK group. WAK Group is already well-known due to its previous projects including Sui Gas Housing Scheme, Canal Park and River Edge.
As the first residential phase of this Housing Society was launched in 2003, its success led to another launch in 2013 for the second phase of the Scheme. The developers have tried best by providing extensive infrastructure and secure environment. People call it a paradise for middle and lower class people.
Healthy environment in Pak Arab Society:
What makes this project great is that even though it compromises of small houses, the developers have left space for a large number of green parks for enjoyment and recreation. Along with the patches of greenery, this scheme also has shopping malls and restaurants to give its residents a luxurious feel. Other amenities include mosques, community centers, gymnasium and a health care center.
It is located between Ferozepur Road and Defence Road at less than 4 kms distance from Model Town and DHA Phase 3, 4 and 5. This location has made many investors greedy because all of the leading societies and areas are just around the corner of this housing community.
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Pak Arab Society Map:
Nowadays, people want to live in areas from where they can easily go for shopping, outing and dining out. Living in Pak Arab means that you would just me minutes of drive away from the shopping hub of the city. Moreover, the society’s infrastructure is planned in such a way that it facilitates the traffic hassles and therefore, you can see increased demands for plots here.
Due to the commercial boulevards and wide streets of this community, it provides excellent infrastructure and you won’t face any problems with the sewerage and water drainage systems. Phase 1 that started around 15 years ago comprises of blocks from A to E. The number of total spaces between 2600 and 2800 and it is spread over to 1530 kanals. More than half of the space is constructed already and more than 200 houses are under construction. This means that only a small amount of size are left in Phase 1 among which most of the plots are already sold out and therefore, the rates are quite high in this. The second phase which is still relatively new has two blocks; F1 and F2. Adding to its beauty, it has also built a Golf Park in it. This area of 1639 kanals got an additional space of 400 kanals due to the big developments underway. Due to the famous adjoining areas, the sale of this place has been increased greatly in the recent years.
Pricing Trends in Pak Arab Housing Society (Residential & Commercial):
Comprises of only 3, 5 and 10 marla plots and the costs have been increasing greatly in the past years. The price of 675 sft size have rocketed up to 45 lac and is expected to rise even more. On the other hand, the price of a 1125 sft size has also increased by 33% this year and now ranges around 60 lac. Lastly, the price of 2225 sft plot has increased from 60 lac to around 95 lac in the recent months.
The rate in phase 2 are comparatively lower than phase 1. But in comparison to other middle class societies in Lahore, the cost are still higher with 675 sft area for 18 lac, 1125 sft area for 38 lakh and 2225 sft for 70 lac. Hence, this concludes that due to its prime strategic location, Pak Arab Society Lahore, Pakistan offers a promising investment opportunity.