Why do People Prefer Apartments Instead of a House?

With every passing day, trends change in any industry and the real estate industry is one of them. After some time, the previous infrastructure becomes seasoned and the market search for new trends all over the market. The same is the case of the real estate market. People are always searching for new and cost-effective solutions which can help them better. In this article we will discuss comparison between houses and apartments.

Houses Vs Apartments – Which Is The Better Option?

Nowadays, people prefer more to invest in residential apartments instead of a house. Real estate developers are launching apartments more than houses now. People prefer apartments instead of the house due to various reasons which are as follows.

Increasing prices of plots:

The prices of residential plots are ever-increasing. After a little time, the prices are raised as the demand for the residential plots is more than the supply. The increasing demand is positively linked to the increasing population. Everyone wants a roof over their head to secure their as well as their loved one’s future.

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But this has become difficult as the population is rising exponentially. People from small cities migrate towards the larger metropolitan cities for better opportunities and in this way the residential space is decreasing.

As the residential plots prices are increasing, the solution of the residents is an investment in residential apartments. Residential apartments are much cost friendlier than a separate house as many units (residential apartments) share the fixed costs which otherwise are to be paid by one unit (house).

Cost of material:

Right now, inflation is rising like hot flames in our country. The cost of materials for the house is increasing too, raising the overall budget to construct a house.

Cement is the main building block of houses and is also used to make concrete as well. The rise in the use of cement previously due to increasing residential societies in the countries has also affected the supply of cement negatively, increasing its prices.

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Now, GST has been increased from 17% to 18% for cement on the recommendation of the IMF. Now cement prices have increased drastically. It is expected that cement will rise to PKR 11,000 per bag (50 kg). other construction materials cost of house construction also has risen exponentially. In this situation, it is very hard for a common man to build a roof over his head when is busy worrying about his next meal.

Hectic construction process:

Construction has been a very hectic process since its inception. It takes months of management of labour, machinery (if deployed), construction materials, and approval from the concerned authorities. As most people are doing jobs and making a living to make ends meet, they don’t have enough time to overlook and manage the construction of their houses.

If one thing is done properly, the other is not, sometimes if something is not constructed up to the mark then it is also demolished to make a better version. A person whose money and time are invested in this situation becomes very frustrated. This shows how hectic is the construction process.

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Instead, if they invest in an apartment, people can get their residential space without any hassles. They are given ready-to-move-in apartments. That is why people prefer apartments instead of a house.

Low maintenance and operational cost:

Residential apartments are smaller in size as compared to houses and need less water, electricity, and gas for the same daily chores. Less electricity is consumed for cooling the apartments in the long summer months and being more energy efficient. This decreases the monthly bills of the amenities for the residents.

Investors also need to pay low maintenance costs due to the small size of the apartment. The apartments do not have gardens which reduce the maintenance cost too.

More amenities:

The buildings of residential apartments are now designed in such a way that it provides multiple amenities and facilities under the same roof. There is underground parking space, retail shops, BBQ area, gym, swimming pool etc. This is not available in a single house and helps people be more social with others.

These are some of the reasons why people prefer apartments instead of a house. But the question now arises which apartment you should invest in. There are multiple investment options for residential apartments in Lahore. Some of them are:

  • Arabian 99 Mall and Apartments
  • Bahria Sky
  • Q Central Grand Mall & Residencies
  • Sky Height 2
  • Sky Residencia
  • SQ mall Apartments
  • Union Luxury Apartments

Let’s discuss each of them briefly.

Arabian 99 Mall and Apartments

Arabian 99 Mall is the new multi-purpose project emerging in Phase 4 G2 Block in Bahria Orchard Lahore. Arabian 99 Mall is the first Arabian-themed project in the real estate sector of Lahore. Arabian 99 Mall is a commercial project of Ali Saqlain Estate & Builders who have already successfully delivered some of the best projects in Bahria projects in both Lahore and Karachi. Al-Mannan Real Estate and Builders will be developing the wonderful project of Arabian Mall 99. Any business can enjoy a great location on the main Boulevard of Phase 4 Bahria Orchard Lahore.

Arabian 99 Mall is located on Plot no. 6 in the main commercials of G2 Block of Phase 4. This plot is 4 Kanal on which 2.5 Kanal is covered. The layout plan of Arabian Mall is of a Basement, ground plus 7 floors. The commercial shops are featured on the basement to the third floor while the rest of the plan is featuring residential apartments. Arabian 99 Mall also features luxury offices and a food court area in the commercial area.

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The commercial shops are located on the basement, ground floor, first floor and second floor that have a gross area of 130 sq. ft. to 150sq. ft. While apartments and penthouses are available with the layout of 1 bedroom and 2 bedrooms with different sizes ranging from 424 sq. ft. to 1410 sq. ft. All these properties are highly demanded and are according to investors’ choices.

Bahria Sky:

Bahria Sky is going to be the tallest building in Bahria Orchard Lahore with a height of 200 ft. and spanning a wide area of 7.5 Kanal. This project will be a multi-purpose project that will include residential projects like apartments and commercial projects like commercial shops and offices. Bahria Sky is completely equipped with international standards and state-of-the-art amenities and mesmerizing features that are very rarely found. The megastructure of Bahria Sky is designed to be a 200 ft. skyscraper and will be the tallest-mega development project in the vicinity of Bahria Orchard Lahore.

Both residential and commercial sectors are available here. But the main focus is the residential apartments. Three sizes of apartments are emphasized on

  • Studio Apartment 400 sq. ft.
  • 1-bed Apartment 500 sq. ft.
  • 2-bed Apartment 800 sq. ft.

Q-Central Grand Mall & Residences:

Q-Central Grand Mall and Residences will be the highest skyscraper of Bahria Orchard Lahore with more than 20 floors. Q-Central Grand Mall and Residences will be the highest building on the entire Raiwind Road. It will be a multi-purpose project offering residential apartments, penthouses and commercial shops. This project will be free from transfer fees and investors can save a huge sum of money in this way.

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Q-Central Grand Mall and Residences will be built on modern infrastructure with ecological designs. Q-Central Grand Mall and Residences will be offering 500+ shops and showrooms and 350 car parking spaces. These shops offer supermarkets, Q-Club, Kids Pay area, Rooftop restaurants, fine dining, Q-Apartments and residences, Q- Hotel Apartments, Q-Central Apartments and endless Entertainment and hospitality options. Offering a pool of choices for investors to choose from, investors can easily invest according to their needs.

Q-Central Grand Mall and Residences will be part of Eastern Block Bahria Orchard Lahore Phase 1. This area is LDA Approved and is a good investment opportunity.

Q-Central Grand Mall and Residences are going to have 26 floors with three underground parking. Each floor is designed in a specific way where shops of a similar kind will be grouped for the shopping ease. A land of 900,000 plus sq. ft. has been bought by Q-Links Developers for the development of this project.

Sky Height 2:

Sky Height 2 is a recently launched multi-purpose building of Bahria Town Lahore. Sky Height 2 is offering both residential apartments and commercial shops in its layout. Residential apartments are semi-fully furnished. Investors can choose according to their needs. The building of this project will be developed on the international infrastructure.

The project of Sky Height 2 is being developed by Sky Developers. The developers have the purpose of turning the luxury affordable so that investors can easily invest here according to their needs and demands. They have delivered multiple projects over time in Bahria Town.

Sky Height 2 will be developed on 28-29 Quaid Commercials and is spanning on 16 Marla. It is offering a basement, ground plus 6 floors. This project is offering residential apartments and retail shops. The basement, ground and first floor consist of retail shops while 2nd floor to 6th floor offers residential apartments. The residential apartments available in Sky Height 2 are

  • Studio Apartments
  • 1 Bed apartments

Both sizes of residential apartments have two categories.

  • Gold apartments (Semi Furnished)
  • Platinum Apartments (Fully Furnished)

Sky Residencia:

Sky Residencia is offering both residential apartments and commercial shops in its layout. Residential apartments are semi-fully furnished. Investors can choose according to their needs and wants. The building of this project will be developed on the international infrastructure.

Sky Residencia is ideally located in 30, 31 and 32 Iqbal Commercials on Main Boulevard in Sector E Bahria Town Lahore.

Sky Residencia will be developed on 30, 31 and 32 Iqbal Commercials and is offering a basement, ground plus 6 floors, with the seventh floor as Mumty floor. This project is offering residential apartments and commercial shops. The basement and ground floor commercial shops and branded retail shops. The first floor to 6th floor offers residential apartments. There are only 310 residential apartments and 20 commercial shops. The residential apartments available in Sky Residencia are

  • Studio Apartments
  • 1 Bed apartments

The commercial shops are available in the size range of 187 sq. ft. to 530 sq. ft. The commercial shops on the ground floor are more spacious than the basement commercial shops.

Both sizes of residential apartments have two categories.

  • Semi Furnished
  • Fully Furnished

SQ mall Apartments

The SQ Mall is the new vertical multi-purpose commercial and residential space under one roof in Phase 4 Bahria Orchard Lahore. The SQ Mall provides you with many diverse options, from the expensive most to the cheapest ones, all with amazing quality. The SQ Mall can cater to different income groups, from the need for branded clothes to small shops and from penthouses to small-sized residential apartments for matching low-income customers.

SQ Mall is offering The SQ Mall apartments which will be high-end luxury 1-bed, 2-bed, and 3-bed apartments.

SQ Mall features Basement, Ground plus 1st to 12th floors. These floors offer investment opportunities in both commercial shops and residential apartments. The SQ Mall apartments are located on the 5th floor to the 12th floor.

You can contact Pakistan Property Services to book residential apartments in any of the projects discussed above. We provide better consultations for your real estate matters as the authorized dealers of Bahria Town and Etihad Town projects. For further information, you can call on +92 321 111 2508 or can visit our YouTube channel Pakistan Property Services, where we regularly update you to learn about the new trends in the real estate market of Pakistan.

Projects We Deal in:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

Suggestions:

We can see that the Pakistan Real Estate Forecast 2021 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.

Related Cool Links:

Maps of Societies and Projects in Pakistan:

Maps are the only source to view online high resolution 24 hours updated maps of Housing Societies, Schemes, Towns, Villas and Homes in all over Pakistan. Below the list of maps of some of the top Projects in Pakistan:

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