In this time of inflation and unstable investment options, many of you will want to secure your money by investing in Real estate.

Considering the unstable stock market and gold prices, real estate is still a profitable investment.

Especially here in Pakistan, we have a lot of opportunities to invest in property and even many overseas Pakistanis prefer this type of investment.

Noticeably, this mode of investment is highly paid mainly due to the increasing trend of urbanization.

Nowadays, more people are moving towards big cities for a better life, and in return, many new housing schemes are being launched to cater to their needs.

So, we have a bunch of plots for sale in Pakistan. Moreover, Lahore being the second-largest city and the hub of growing opportunities, the chance of a lucrative investment is much higher.

Therefore, if you are looking for plots in Lahore for sale, here are a few aspects you need to consider before buying one:

1.   Benefits Of Buying Plot For Sale:

There can be multiple benefits of investing in a plot such as the following;

• Having a solid asset
• Appraisal of your money
• A continuous source of income
• Tax relaxations for real estate investors
• Can be used in times of inflation
• Secured assets for future

 

2.   Type Of Property:

When buying a plot, make sure to do a complete market study of what type of plot to invest in.

Also, consider that what kind of property will be profitable and what returns will it provide? Some types of property to invest in are as follows:

·    Commercial Plots In Lahore For Sale:

If you wish to set up a business or rent out your property to some business, it is better to invest in commercial land.

You’ll find many commercial plots for sale in Lahore, especially in sought-after areas such as DHA and Bahria Town and areas connecting to Sundar road and New Ring Road.

Moreover, Gwadar is expected to become a business hub soon.

·  Residential Plots In Lahore For Sale:

For residential purposes, identifying whether you need a plot or an apartment can also work for you, especially if you plan to rent it out.

In Lahore, we have the new Zaitoon City, Bahria Orchard, and DHA phase 9 and 10 for good investments.

3. Buying Files:

Do you have a long-term plan and do not need to construct a house? And, just want to make an asset? You can purchase a file of a plot in an upcoming scheme.

Doing so will cost you less and you can even resell the file at a higher price.

4. Purpose Of Buying A Plot:

Make sure you know why you are buying a plot. There can be many uses including:

• Construct for personal living
• Set Up a business
• Put up for rent
• Sell at a higher price
• Saving an asset for future

 

5. Where To Buy A Good Plot?

Without any doubt, a good plot has an excellent location. It should be connected to the main roads.

As well as that it should be close to a market, a bank and a hospital. You should be able to find a good school around too.

Moreover, parks or other forms of entertainment should also be present.

In the case of commercial property, it is better to choose a place where you get more customers and your product is in high demand.

6. Your Budget:

Never buy anything hard in your pocket. Make a clear estimate of your funds and what amount you can invest in a plot.

If you plan to pay in installments, check with the most suitable plans according to your budget. Many schemes would book your plot in as little as 5% advance payment and 3-5 years of installments.

Also, in developing housing schemes, you might get possession after half payment.

When you are up for a property hunt, do keep these points in mind for a successful investment.