Is DHA Lahore Phase 8 The Next Paradise for Investors to Build Exquisite Commercial Dwellings?
In our previous article on DHA Lahore Phase 8, we have pointed out how you can save more money by building a brand new house in DHA Lahore Phase 8. Today, we are going to shed light on the commercial property in Phase 8 to unveil some good opportunities that can be availed.
DHA Phase 8 is one of the few phases of the Defence Housing Authority that has a prime location. The Lahore International Airport is literally a few minutes’ drive from the locality as it is located right in front of Phase 8’s main entrance. The premium locality can be easily accessed from three different routes, Ring Road, Bedian Road and Lahore Cantt.
First-rate infrastructure and planned plotting make this housing scheme even more attractive. DHA has ensured potential investors can find amazing business spots and make quick transfers when buying a property.
Since the entire phase is now open for possession and mostly comprises 1 and 2 Kanal plots and houses, the locality is likely to see a lot of business activities in the near future. Several property owners have already started constructing dwellings in the sector. Because prices of the plots (both commercial and residential) are reasonable as compared to the plots in other phases of DHA.
For instance, you can still find some 4 marla commercial plots in Phase 8 that bears a price tag of 3 to 3.20 Crores (depending upon the location and buyers’ need). Whereas in Phase 5 and 6, it’s really hard to get the same plot in this range because the rates are double in most cases. But, keep in view that the transfer of plots in Phase 8 is expensive.
Having said that Phase 8 proffers a good opportunity to people interested in buying commercial plots at an affordable price. It’ll save them loads of money which they can use to build the exquisitely designed plaza, shopping centers or shops by hiring a professional construction company in Lahore.
A solid construction and beautifully designed commercial dwelling can rarely escape the eyes of prospective tenants which could be a bank, large retail store, organization, restaurant or café that could take up your space on rent to operate in the locality. In return, you’ll get to earn a decent amount of cash every month while sitting at home.
Otherwise, you can use the dwelling to set up your own business. After all who would mind having a business outlet in a posh locality like DHA?
This is a general guideline and doesn’t cover every aspect of real estate and construction market. Furthermore, the property rates quoted in the article changes each day due to supply, demand and various fundamental forces.