Infrastructure development has always been a major factor influencing growth and development of real estate and this can be evidenced from the currently developing Lahore Ring Road. After its completion, the Lahore Ring Road has played a major role in reducing traffic jams and enhancing the physical network as well an impact on property rates of the areas nearby. To the homebuyers, investors, and real estate developers, knowledge of this impact is important before making the decision on their investments. 

As part of understanding the role that new massive infrastructure projects have played in the context of the urban regions of Pakistan, the particular focus of this blog is dedicated to illustrating the impact of the Lahore Ring Road on the development of the spatial entities identified in this study. The bubble will look at growing trends, such as the demand for both residential and commercial property as well as new areas targeting investment in Lahore, real estate market trends and their implication in the coming years. 

What is the Lahore Ring Road? 

Thus, the Lahore Ring Road is a 85-kilometer-controlled access highway that bypasses the city of Lahore. Intended to minimize traffic within the city’s central part, it links Motorway (M-2), GT Road, Multan Road, gives easy access to Allama Iqbal International Airport and Lahore-Sialkot Motorway. 

Started in the early 2000s, the project has been implemented in stages to provide more comfort and increased connectivity with each new part. Now, the Lahore Ring Road is an essential zone in the overall transportation system of a bustling city that enhances the travel movement for millions of dwellers. 

How Infrastructure Drives Real Estate Growth 

Thus, it is seen how infrastructure plays a role in the growth of the real estate industry. In the case of infrastructure developments, for instance, regarding the Lahore Ring Road, it contributes considerably to real estate markets. Here’s how: 

• Faster accessibility: Availability of good network of roads and highways reduce the time one spends on the congested roads that deny access to most urban developers to infamous and other remote areas. 
• There is job creation, business developments, increased market for housing, commercial buildings, etc. when there is infrastructure. 
• New Road Construction: During the growth of cities, development projects are undertaken to spread the development from the central business district and make new zones for development. 
• More Demand on Properties: With improved infrastructure people are more likely to seek for properties hence increasing the price. 

These principles can all be illustrated in the Lahore Ring Road which has revolutionalized real estate of its surrounding areas. 

Impact of Lahore Ring Road on Property Values 

It can be said with certainty that the Ring Road of Lahore has played a significant role in the change of price trends in areas encompassed by this infrastructure. However, the following are the main reasons that explain this growth: 

Enhanced Accessibility 

Another advantage of Lahore ring road is that it will economically unlock zones otherwise unconnected to the main city. This they have due to the fact that this accessibility has led to increased growth and popularity of areas along the ring road for residential and commercial intake. 

Residential Requirement Prospect: Having turned into one of the most essential requirements of a metropolitan city, the demand for houses in areas such as DHA Lahore, Bahria Town, and Lake City particularly around Ring Road Zone has increased considerably. 

Accessibility: There are few areas that have not been developed because the availability of such easy access has also encouraged the establishment of commercial areas such as; business buildings, business hubs, and industrial zones by the side of the highway. 

Emergence of New Real Estate Hotspots 

They have initiated new category for development of new residential and commercial projects in areas that were quite far from the main city such as Lahore Ring Road. 

Sukh chayn garden: this area situated in proximity to Ring road have developed in estates as an affordable housing site. 

Central Park Housing Society: Present at the beginning of the Ring Road and situated at PH-8 & PH-8A it has seen an appreciation in the property rates. 

Proximity to Allama Iqbal International Airport and the Ring Road has made this location most popular among the investors in the New Airport Housing Scheme. 

Rise in Property Prices 

The congestion along the Lahore Ring Road has always had benefits of better connectivity & escalated with the demands; the prices of properties along it have also seen a constant increase. 

Houses and flats: current prices of houses and apartments in the areas that border on the Ring Road have risen by an average of 20-30% for the past five years. 

Commercial Properties: The value of the commercial plots and buildings has also been on the rise due to the increasing number of firms establishing their business in these regions. 

Boost to Rental Yields 

Population increase and the new business also has seen increases in rental yields in areas around the ring road. 

Residential Rentals: This has made these areas expensive in terms of rent hence making the areas ideal for buying buildings for rent. 

Commercial Rentals: The increase in business activities has led to more demand of offices and retail space hence increased in revenue for the property owners. 

Future Prospects for Real Estate Along the Ring Road 

The Lahore Ring Road is not only a stimulator of the current development but also holds a lot of prospect for the future development. Here’s what to expect: 

Further Urbanization: With the increase in the growth of population in Lahore, Ring Road is expected to facilitate the rise in the actual growth of urban expansion to shift pressure from the central city area more in the future. 

New Development Projects: The government and private developers are likely to develop other residential and commercial units along the Ring Road hence raising the prices of the existing ones. 

Better Infrastructure Facilitating: Construction and development projects like the Lahore Sialkot Motorway and Ravi Riverfront Urban Development Project are exceptional and additional to the Ring Road development hence offering more Real Estate development possibilities. 

Tips for Buyers and Investors 

In the case of investing in property along the Lahore Ring Road, all the following factors should be taken into consideration. 

Markets: Study the trends of the market and get aware of the current values of the properties and any further plans to develop the area. 

Location: Location Emphasize on the conveniently located properties in relation to the Ring Road as well as other major infrastructures. 

Long Term Perspective: Always invest in locations that have a possibility of growth or appreciation in the future. 

Corporate Governance: Use the service of well-established agency in the market to help locate suitable deals in the market. 

Conclusion 

It is beyond any doubt that conceptualisation and subsequent development of the Lahore Ring Road has had a far-reaching impact in the real estate localities surrounding the Ring Road by causing a high rise in the prices of properties and new prospective for buyers/ investors. It has done more than enhancing the concept of connection, triggering economic growth, the enhancement of urbanization, and property development. 

For anyone interested in real estate investment in Lahore, it is worthy to note that new planned city is growing around the Ring Road that is strategically located wiping through the city. So, the effects brought by the Ring Road has quitted be a major real estate development platform as the city expansion goes, in order to predict the future Lahore housing market. 

Before you start following the advice outlined in this blog, bear in mind that the information shared here is for reference only. It is advisable to exercise further research and seek professional advice for anyone intending to make any decision.

Projects We Deal in:

• Bahria Town Lahore
• Bahria Orchard Lahore
• Bahria Nasheman Lahore
• Bahria EMC (Bahria Education and Medical City)
• Bahria Town Karachi
• DHA’s in all cities of Pakistan

Many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the better decision. Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project.

Lahore:

Lahore is the cultural and economic hub as well as the provincial capital of Punjab. The city is well known for its huge economic opportunities in different sectors. People come from different areas to grab these opportunities and have a residence here. Below the list of some of the top Projects in Lahore:

• Bahria Town Lahore – Your Luxury Lifestyle Destination!
• Bahria Town Lahore Sector A
• Bahria Town Lahore Sector B
• Bahria Town Lahore Sector C
• Bahria Town Lahore Sector D
• Bahria Town Lahore Sector E
• Bahria Town Lahore Sector F
• Bahria Orchard Lahore – Your Luxury Lifestyle Destination!
• Bahria Orchard Phase 1
• Bahria Orchard Phase 2
• Bahria Orchard Phase 3
• Bahria Orchard Phase 4
• Bahria Nasheman Lahore – Your Luxury Lifestyle Destination!
• Bahria EMC Lahore (Bahria Education and Medical City)

Karachi:

Bahria Town Karachi is a benchmark within the landscape of Karachi with its world-class excellent-planned society. This society is sketched with an area concept to supply outstanding lifestyle facilities to its residents and can introduce new benchmarks of community development in Karachi. Below the list of some of the top Projects in Karachi:

• Bahria Town Karachi

Islamabad:

Islamabad is nestled against the backdrop of the Margalla Hills. It is a modern, planned city with wide tree lined streets, large houses, elegant public buildings and well-organized bazaars. It is however; always under construction to improve transportation or develop new housing areas for its growing population. The walkways are shaded, safe, and separated from the traffic by rows of flame trees, jacaranda and hibiscus. Roses, jasmine and bougainvillea fill the parks, and scenic viewpoints show the city to its advantage. Below the list of some of the top Projects in Islamabad:

• Gulberg Greens Islamabad
• Al Hafiz Grand Shopping Mall Gulberg Islamabad
• Naval Anchorage Islamabad
• Nexus Mall Islamabad
• Mall of Arabia Islamabad
• Discovery Gardens Islamabad – All You Need to Know
• Nexus Mall Islamabad – Bahria Town Islamabad
• Park View City Islamabad
• Verify Land Status from Property Verification Centre in Islamabad

Rawalpindi:

Rawalpindi is an important administrative, commercial, and industrial centre. Its industries include locomotive works, gasworks, an oil refinery, sawmills, an iron foundry, a brewery, and cotton, hosiery, and textile mills; it also produces shoes, leather goods, pottery, newsprint, and tents. Below the list of some of the top Projects in Rawalpindi:

• Blue World City Rawalpindi
• Citi Housing Rawalpindi
• Faisal Town Rawalpindi

Faisalabad:

Faisalabad, formerly known as Lyallpur named after the founder of the city is the third-most-populous city in Pakistan after Karachi and Lahore respectively, and the second-largest in the eastern province of Punjab. Below the list of some of the top Projects in Faisalabad:

• DHA Faisalabad

Gujranwala:

Gujranwala is a city and capital of Gujranwala Division located in Punjab, Pakistan. It is also known as “City of Wrestlers” and is quite famous for its food. The city is Pakistan’s 5th most-populous metropolitan area, as well as 5th most populous city proper. Below the list of some of the top Projects in Gujranwala:

• DHA Gujranwala
• ARY Laguna DHA Gujranwala

Multan:

Multan is city of Saints, it is best place to live if you belong to either middle class family, rich family or a poor family. The city is now develop city of Pakistan you can get every life facility here easily at low cast. Multan’s foods are very delicious especially mangoes of Multan are world famous. Below the list of some of the top Projects in Multan:

• DHA Multan

Bahawalpur:

Bahawalpur lies in the heart of South Punjab and is filled with stories that surround the legacies of Kings, Nawabs and their extravagant lifestyles. Below the list of some of the top Projects in Bahawalpur:

• DHA Bahawalpur

Peshawar:

Peshawar is the capital of the Khyber Pakhtunkhwa province of Pakistan. It is the biggest city of Khyber Pakhtunkhwa and is a relatively prosperous city. It is also a cultural and economic hub of Khyber Pakhtunkhwa. The city is famous for its food and tourism as it is one of the oldest cities of Pakistan with a recorded history that dates back to 539 BC. Below the list of some of the top Projects in Peshawar:

• Bahria Town Peshawar
• Citi Housing Peshawar

Gwadar:

Gwadar, town and seaport, southwestern Balochistan province, southwestern Pakistan. Located on the sandy Nuh headland that juts southward into the Arabian Sea, the town is an important fishing (sardines and sharks) and trade centre. Below the list of some of the top Projects in Gwadar:

• Naval Anchorage Gwadar
• Canadian City Gwadar
• Gwadar Golf City

Suggestions:

We can see that the Pakistan Real Estate Forecast suggests investing more in this market as it promises a huge profit in the coming future. The investors should purchase the properties at a low rate so that they can earn more by selling it once the rates are good enough.

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