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The Future of Real Estate Development in Lahore: An Expert’s Perspective

The Future of Real Estate Development in Lahore: An Expert’s Perspective

Introduction: Lahore is a rapidly growing city and a hub of economic activity in Pakistan. As the city continues to expand and the population grows, the real estate market is also evolving to meet the demands of the people. In this article, we’ll explore the future of real estate development in Lahore through the eyes of an expert. We’ll take a look at the current state of the market, what factors are affecting its growth, and what we can expect in the near future.

The Current State of Real Estate Development in Lahore

The real estate market in Lahore has been growing rapidly in recent years. According to recent data, the city has seen a significant increase in the number of residential and commercial developments. This is due to a combination of factors, including the city’s growing population and the rising demand for housing and commercial space. Despite this growth, the real estate market in Lahore still faces a number of challenges. One of the biggest challenges is the lack of regulation and oversight, which can make it difficult for buyers and sellers to navigate the market. Additionally, there is a shortage of affordable housing in the city, which is putting pressure on the market to meet the demands of the growing population.

Factors Impacting the Future of Real Estate Development in Lahore

There are several factors that will impact the future of real estate development in Lahore. Some of the most significant factors include:

  • Population growth: As the population of Lahore continues to grow, the demand for housing and commercial space will also increase. This will drive the growth of the real estate market and provide opportunities for developers to build new developments to meet this demand.

  • Economic growth: Lahore is a hub of economic activity in Pakistan, and as the economy continues to grow, the demand for commercial space will also increase. This will provide opportunities for developers to build new office buildings, shopping centers, and other commercial developments.

  • Government policies: The government of Pakistan has taken several steps in recent years to support the growth of the real estate market in Lahore. For example, the government has implemented policies that make it easier for developers to obtain the necessary permits and approvals for new developments. Additionally, the government has implemented tax incentives for developers to encourage the growth of the real estate market.

  • Technology: Technology is playing an increasingly important role in the real estate market, and this trend is expected to continue in the future. For example, advances in building materials and construction techniques are making it possible for developers to build taller and more complex buildings. Additionally, new technologies, such as virtual and augmented reality, are making it easier for buyers and sellers to visualize and explore properties.

What to Expect in the Near Future

Based on the factors outlined above, it’s clear that the future of real estate development in Lahore is bright. We can expect to see continued growth in the number of residential and commercial developments in the city, as well as new innovations in building materials and construction techniques. However, there are also challenges that the real estate market will face in the future.

For example, the lack of affordable housing in the city will continue to be a problem, and the market will need to find ways to address this issue. Additionally, the lack of regulation and oversight will continue to be a challenge, and the government will  need to step up its game to protect buyers and sellers. On top of all these problems, the supply side of the market will need to expand.

There is a shortage of new housing. This means that there will be fewer houses available in the next few years. This will make it difficult for the average home buyer to find a place to buy. This means that the existing homeowners will have to pay higher prices. This will be a challenge because the economy will continue to be sluggish, and people will not be able to afford to purchase homes. The best solution is to invest in your own home to reduce your mortgage payment. You can do this by buying a home that has a lower interest rate.


The transfer of the LDA Director General has been stopped.

The Director General of the LDA, Aamir Ahmad Khan, was prevented from being transferred by an order issued by the Lahore High Court.
According to a press release by the LDA, the court directed the Chief Secretary of Punjab to keep the current LDA Director the same. The court ordered the director general of LDA to create rules and regulations for the appointment of an environmental consultant to address environmental concerns on significant highways.
According to the press release, the LDA is taking steps to make the city’s main highways into model roads and is conducting a campaign on electronic media, major national newspapers, and social media. At the next hearing on February 3, 2023, a report will be submitted on the progress of the efforts.

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The master plan declared 33,000 acres of housing projects as green space.

According to the Lahore Development Authority, 33,000 acres of brown area land have been added to the green areas in the Lahore Master Plan-2050.

The Director General of the LDA said that they took 27,000 acres out of the brown regions in the city’s north side and designated them as green ones for agricultural purposes. Six thousand acres of brown land along the Bambawali-Ravi-Bedian Canal have been acquired and given for green spaces or national strategic policies.

Twelve thousand acres of additional land that were never considered brown areas but had to be designated as such to accommodate southward growth were included for the first time.

According to the survey of 30,000 houses in the Lahore division, 25 million people will live in the city alone by the year 2050


Property transactions brought in 81 billion pkr for the Federal Board of Revenue.

According to the official data provided by the FBR, income tax receipts from the sale and purchase of real estate increased by 32% to PKR 81.20 billion in the tax year 2022, from PKR 61.15 billion in the tax years 2020–
Sections 236-C and 236-K of the Income Tax Ordinance were used to collect property taxes on the sale, acquisition, and transfer.
The tax revenue under Section 236-K increased by 32% to 64.58 billion for 2022 compared to the previous year. It is important to remember that the government gave the construction sector an enormous subsidy in the previous year, which included a reduction in the tax rate on real estate and an increase in FBR income sources.


The Punjab Central Business District Development Authority (PCBDDA) says the Kalma Chowk Underpass will open in February.

Lahore: The Punjab Central Business District Development Authority (PCBDDA) in Lahore has been putting in a lot of effort to make the roads around Kalma chowk accessible to traffic.

While assessing the project’s advancement, the CEO of PCBDDA provided this information. According to him, the two barrels of the Central Business District’s Punjab Boulevard project would be finished by then.

The underpass’s roof has been sealed, and a storage tank is being excavated. Two underpasses and an overhead bridge are part of the renovation project, which aims to enhance traffic flow and offer access to the recently built innovative downtown.


CM Punjab laid the foundation for major infrastructure projects.

LAHORE: The Chief Minister of Punjab, Chaudhry Parvez Elahi, recently laid the cornerstone for three major infrastructure projects in Lahore: The Chief Minister and other people were at the ceremony. The Chief Minister said during the event that 20 billion rupee worth of initiatives would be finished within a year.

He stated that 7.53 billion rupees would be allocated to the three projects: the Gulshan-e-Ravi T Junction, the cricket stadium, and the Samanabad Morr underpass.

ALSO READ Government to Fulfill Dream of Housing for Low-Income People: CM Punjab

The Chief Minister was of the opinion that the construction of the Samanabad Morr and T Junction underpass would greatly improve traffic flow. He claimed that the city was going to be transformed into a hub for building and development and a top-tier developed metropolis.

The Chief Minister stated that the traffic issues had begun to be alleviated by the restoration of Bund Road. The rehabilitation of the Gulshan-e-Ravi T Junction and Bund Road is expected to be finished in eight months. The projects are expected to greatly reduce the area’s pollution.


The FBR introduced a new exercise to expand the tax base.

The FBR introduced a new exercise to expand the tax base.

A news source reported on January 4 that the Federal Board of Revenue has started a new exercise to broaden the tax base.

The Special Assistant to the Prime Minister (SAPM) on Revenue visited the Regional Tax Office (RTO) Islamabad and the Regional Tax Office (RTO) Rawalpindi to start the FBR documentation drive. The targets for broadening the tax base were assigned to the RTO Rawalpindi during the visit.

The Chief Commissioners of Islamabad and Rawalpindi briefed the PM’s aide about the progress made in broadening the tax base, according to a news source. In order to expand the tax base, the Directorate General of Broadening of Tax Base and the Digital Invoicing & Analysis has been made operational.


TEPA has a plan to develop three model roads.

TEPA has a plan to develop three model roads.

According to news sources, the Traffic Engineering and Planning Agency has prepared an agenda to develop three model roads in the city.

TEPA will develop Jail Road, Mall Road and Ferozepur Road with an infrastructure plan. The plan focuses on eliminating encroachments, track management, zebra crossing plane marking, repairing traffic signals, and taking action against illegal parking stands. The plan includes fixing cracks in the roads, repairing broken boards, developing of more roadside green spaces, fixing cat eyes and speedbreakers, and widening of roads. The TEPA formed a committee to implement the eight-point agenda.

The three roads that are chosen for long-term signal-free roads are frequented by commuters due to the presence of important government buildings and civic facilities.


Can Pakistan take advantage of the current crisis?

Can Pakistan take advantage of the current crisis?

Pakistan’s problems seem complex, but the solution to them is not. The irrationality of Pakistan’s ruling elites is the issue.

Pakistan is in the midst of its most serious crisis since 1971. The political economy has been ripped to shreds through self-inflicted wounds, its international stature is down in the dumps, and if it were listed in the stock market, its stock would be categorized as a penny stock.

Despite the doom and gloom, it is important to know that societies that have experienced more turbulence and destruction have recovered and become influential nations in the international community.

Pakistan’s many challenges do not require rocket science or significant innovation to resolve. There have been years of irrational policies pursued across the political, economic and foreign policy domain. The solution is to change the status quo in foreign policy, economy and governance.

Punching above its weight

Foreign policy is the most important pivot that must be made. Pakistan’s elites have tried to punch above their weight in the international arena, not recognizing that Pakistan is a middle-power. The country’s elites have been led to develop and execute a foreign policy that is fundamentally at odds with the hard and soft power it possesses.

Pakistan must adopt strategic patience in foreign policy, where the country’s elites accept that they will not be able to achieve core foreign policy and strategic goals for a while. The term “hide your strength, bide your time” sums up the country’s foreign policy approach, similar to what Pakistan’s strategic ally China followed for decades. Even if it meant building closer ties with Taiwan, Chinese elites focused on building their domestic economic, technological and human capital capabilities.

Pakistan needs to adopt a pragmatic posture with India and focus on the task at hand at home. Even as it gets overtaken by a far-right Hindutva ideology, the country must make concerted efforts to normalise ties with Delhi. Trade, investment, and integration with India provide significant near-term benefits to Pakistan and while Kashmir remains a core dispute, Pakistan’s elites must recognise that they are not in a position to make headway on this issue given the decline of Pakistan’s own capabilities and

It is breaking the economic status quo.

Pakistan has a policy of strategic patience in foreign policy and must aggressively restructure its economy. If the economic status quo holds, patience on the foreign policy front and a slow and steady normalisation of ties with India are unlikely to yield any positives. Pakistan needs to abandon reckless and irrational economic policies if it is to survive and thrive for 75 years. It means ending the real estate casino economy, getting rid of policies that distort markets, incentivising investment in productive, export oriented sectors, and redirecting resources to benefit the many, not the few.

This process begins first and foremost by eliminating the Dar Peg, reforming the energy sector to reduce electricity costs, and running a macroeconomic framework that seeks to run balanced budgets, even at the expense of low, but sustainable levels of economic growth.

There are two other ways for the military to play a bigger role in the economy: first, we need to reverse the role of the military in the economy, overt and covert. Second, we need to stop buying so many military products and services.

The problem is that most African countries do not have the necessary skills to carry out those projects and therefore need external help.

Oil refineries built on the coast of Gwadar in Pakistan will help the country achieve self-sufficiency in petroleum products, allowing the local people to focus on other sectors of the economy.

The focus needs to be on governance.

Governance improvements are needed in Pakistan’s cities, towns, and villages. Systemic governance is the final pillar of redecentralisation. Pakistan’s elites have tried to centralise power and believe that a strong central government can deliver sustainable growth.

Decentralization is the most effective way to improve outcomes in terms of security, social welfare, and economic development according to evidence from around the world. Pakistan does not have a robust system of local governance where communities make decisions about their own taxes, education, and security.

Decentralization will empower local communities and create competition across the country for better delivery, and it will also create a talent pool in the political domain. In a country that recycles old faces in new parties expecting different results, such a process would bring to the forefront leaders who have experience in governance from the beginning. To most readers, the suggestions are obvious.

It is the whole point. The solution to Pakistan’s problems is quite ordinary. Pakistan’s ruling elites have sustained irrationality. Pakistan will need a miracle over the next 75 years if they ignore obvious solutions.

Reference By Dwan News

Categoriesnews Property Real Estate

What is a Property Tax in Pakistan?

What is a Property Tax in Pakistan? Property tax is the amount of money a person must pay to the government. The taxes are taken to help the government with its finances. Your tax money is used to pay salaries, build infrastructure, purchase goods, etc.

Most countries use a property tax to pay for public services. A property tax is a type of tax you pay to the government. Property taxes are used for some reasons. These include paying salaries, buying things for the government, building things, and paying taxes. If you have an old home or car, you might be required to pay a property tax. The tax is taken from you to help the government with its finances. Your local city or county usually collects taxes. Most people need to learn what a property tax is. However, they understand that the government is taking their money to pay for things like buildings, roads, and schools.

Property tax is a big issue in Pakistan.

There are two kinds of property tax that you can pay: property tax and local tax.

Most of the time, people think that the government collects local taxes. Local tax is collected only for residential properties.

Local tax is charged for every residence, building or commercial establishment in the locality. You need to pay the tax when you move into a new place. Most of the time, people think that property tax is paid only for commercial properties.

Property tax is levied to raise revenue for the state, county, city or town. For example, if the value of your home is Rs. 100,000, the amount you need to pay in local tax is Rs. 1000. You may be required to pay the tax annually, every three years or every five years.

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