Many people believe that finding an affordable rental property in Pakistan is a time-consuming and difficult task. Finding the best housing society in Lahore for renting a house is often thought of as a difficult math problem. One must have to deal with a wide range of unpredictable variables. On the other hand, the reality is considerably different. In fact, Lahore city has a wide assortment of rental properties from which prospective tenants can choose. It is necessary to know that Lahore is a major urban center and it is also the capital city of Punjab. It also has a strong rental market because of the following factors:
- A significantly higher rate of migration from rural to urban areas.
- The presence of advanced industry and infrastructure.
- A well-established & long-standing real estate Industry.
This blog is for anyone interested in finding the best housing society in Lahore for a house to rent. On the other hand, it will familiarize you with the ground workings of the city’s real estate industry. So that, you will be able to know exactly what to expect while finding one of the best houses for rent in Lahore;
For starters, you do not need to be worried about the prevailing status of the real estate market. This is because changes in the real estate industry have almost no effect on the demand and supply dynamics of the rental market.
Lahore is a city that has always seen a huge influx of people and this situation is unlikely to change anytime soon. These ‘newcomers’ often find it difficult to locate affordable rental properties including houses, offices, apartments, plots, and other units in the city. From an investor’s perspective, city areas with high rental yields are in high demand, and these areas frequently get the maximum exposure.
On the other hand, the property prices in these areas are rarely declining.
List Of Leading Housing Societies In Lahore:
As per Graana.com online search indicators, the top 4 Housing societies that are offering houses for rent at affordable rates, are as follows;
- DHA (Defence Housing Authority) Lahore:
- Johar Town, Lahore.
- Bahria Town, Lahore.
- Township Lahore.
Why DHA, Johar Town, Bahria Town, & Township Are Preferable For Renting A House?
In one word, the main reason behind these societies for renting a house is “affordability”.
All of these localities are often ranked as among the best but most cost-effective housing societies in Lahore, by both property experts and newbies. They provide living facilities that are generally on par with international standards.
DHA, in particular, offers a sense of privacy as well as the promise of an extravagant lifestyle. This Housing project is widely regarded as one of the country’s top rental, house ownership, and property investment opportunities.
Johar Town, which is not far from these counts, is a posh residential area in Lahore. It has well-kept sewerage, electricity, cable, water, and gas supply amenities. In order to boot, there are a multitude of well-known hospitals, educational institutions, hospitals, and commercial centers available.
By no means is Bahria Town Lahore an unfamiliar place to the people of Lahore. It serves as the de facto residential and commercial hub of the city. The exceptional location of this community is a big feature that makes it a great place to rent. Bahria Town Lahore has it all, from the Eiffel towers and banks to the Grand Jamia Masjid.
Township requires no introduction, as it has everything that is essential for a healthy and luxury lifestyle. Numerous restaurants, food chains, offices, jewelry markets, hospitals, educational institutes, banks, and many other units or areas are established in this locality. This real estate project also offers houses for rent with world-class amenities but at affordable prices.
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DHA Lahore:
Many people consider DHA to be the best housing society in Lahore for renting a house. Numerous properties including plots, offices, shops, apartments, and houses for rent in DHA Lahore are available in all phases.
3 Marla to 5 Marla is available for those who can afford monthly rents ranging from PKR 25,000 to PKR 50,000. These houses come with all the essential as well as modern amenities and facilities, so there’s no need to worry while renting a house in this society.
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Johar Town, Lahore
Johar Town is divided into two phases, each of which consists of several blocks (ranging from A to R). To put it shortly, houses for rent in Johar Town Lahore are both affordable and easily accessible if you want to live in this well-planned locality.
As a prospective tenant, you should be aware that blocks C-1 and C-2 (in Phase I), as well as H-1 and H-2 (in Phase II), have affordable rental properties. The monthly rent for 3 Marla to 5 Marla houses in these blocks ranges from PKR 20,000 to PKR 40,000.
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Bahria Town, Lahore:
Bahria Town Lahore is well-known for representing both traditional and cultural values and is the most popular lifestyle destination for a large number of people. That’s why houses for rent in Bahria Town, Lahore are also available at affordable rates.
Renting a house in Bahria Town can enhance your lifestyle as well as your living standards. The monthly rent for 3 Marla, 4 Marla, 5 Marla, and 8 Marla houses in this community ranges from PKR 32,000 to PKR 50,000.
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Township, Lahore:
Township Lahore is one of the most sought-after rental places. Tenants may include private/government employees, business owners, and other highly regarded professionals such as doctors, engineers, and others.
Houses for rent in Township Lahore can vary in prices and rent ranges depending on the size, construction time & quality, and location. In short, anyone with a budget of PKR 20,000 to PKR 50,000 can find a 3 Marla, 4 Marla, and 5 Marla house in this Housing Society.
Crux:
You can surely find many other rental possibilities in the city that meet your needs using Graana.com’s search utilities. However, according to most tenants’ feedback, the above-mentioned housing societies are currently raking in the largest shares of the proverbial Lahori rental cake!
