Lahore’s Top Rental Localities for November

Lahore’s Top Rental Localities for November


Whether you are looking to rent a house, or looking to rent out your own house in Lahore, here is all the data you need to know about the market situation there. Check out some of the most popular localities in Lahore for November:
Lahore’s Top Rental Localities in November
RankLocalityPopularity IndexPerformance
1DHA Defence100No Change
2Johar Town48No Change
3Bahria Town40No Change
4Askari36+1
5Gulberg33-1
6Model Town32+1
7Cantt31-1
8Wapda Town26No Change
9Allama Iqbal Town25No Change
10Garden Town18+1
11Eden15-1

DHA has retained its spot as the top rental locality in Lahore all through the past year, and according to Zameen.com data, it has been so overwhelmingly popular over the year that no other locality comes even close. Johar Town and Bahria Town still remain much behind DHA, scoring less than half on the popularity index.
Johar Town and Bahria Town have retained their ranks from the previous month, and this is the fifth month in a row that Johar Town has remained on the second position now. Phase II and the surroundings of Emporium, according to Shafqat Real Estate & Builders CEO, Muhammad Anwar Shafqat, remain the second most popular area to rent. He explained that Emporium, other malls, and plazas in the nearby area present a wide array of job opportunities. People from other cities who arrive for these jobs prefer living nearby.
Gulberg and Askari continued their exchange of spots this month as well. Askari took the fourth spot this month, while Gulberg moved down to the fifth. Meanwhile, Cantt and Model Town did the same on the next two spots. Wapda Town and Allama Iqbal Town, however, retained their ranks from the previous month. Eden Housing, which includes Eden City, Eden Gardens, and Eden Value Homes, among a range of other projects by Eden Housing, has been almost a constant at the tenth spot for the past year. However, this month it has gone down one spot and its place taken by Garden Town. The last time this happened was in March of this year.
Following is the average rent and the rental yield for double storey houses in Lahore’s localities:
DHA Defence
Average Rents (in PKR)
Plot SizeRent
5-marla45,000
10-marla95,000
1-kanal150,000

Average Rental Yield
Plot SizeYield
5-marla3%
10-marla4.2%
1-kanal3.3%

Johar Town
Average Rents (in PKR)
Plot SizeRent
5-marla43,000
10-marla68,000
1-kanal110,000

Average Rental Yield
Plot SizeYield
5-marla4.9%
10-marla3.6%
1-kanal2.9%

Bahria Town
Average Rents (in PKR)
Plot SizeRent
5-marla37,000
10-marla60,000
1-kanal100,000

Average Rental Yield
Plot SizeYield
5-marla4%
10-marla4.3%
1-kanal3%

Gulberg
Average Rents (in PKR)
Plot SizeRent
5-marla40,000
10-marla80,000
1-kanal200,000

Average Rental Yield
Plot SizeYield
5-marla3.9%
10-marla4.2%
1-kanal5%

Askari
Average Rents (in PKR)
Plot SizeRent
10-marla48,000
1-kanal80,000

Average Rental Yield
Plot SizeYield
10-marla3.2%
1-kanal3.5%

Which one do you think is the best locality for renting houses in Lahore? Talk to us in the comments section. For a more extensive discussion on the topic, you can also head to the Zameen Forum.
Lahore’s Top Rental Localities for November Lahore’s Top Rental Localities for November Reviewed by Farakh Iqbal on December 12, 2017 Rating: 5
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