Lahore Cantt homes become the most expensive in Lahore

Dec. 27, 2012 - PRLog -- Lahore Cantt is a prestigious and one of the most peaceful areas of Lahore. Having a home of your own in Cantt is nothing less than a privilege which is why throughout the late 2000s and early 2010s, there has been a constant demand for Lahore Cantt homes. Such high demands triggered an increase in its prices. It may surprise some but http://www.zameen.com stats reveal that the average per marla price of Lahore Cantt homes rivals that of the DHA homes. In 2012, average per marla price of homes in Lahore Cantt was Rs 1,160,589 which is only marginally less than that of DHA (Rs 1,163,499).

Similarly, the prices of 10 marla, 1 and 2 kanal homes have constantly been rising in Cantt Lahore. In 2007, the prices of 10 marla home in the area was Rs 8,714,286. A year later, it increased to Rs 9,125,000 but since 2008 indicated a general decline in property prices across the globe, Cantt Lahore homes too were affected which is why the prices fell to Rs 8,875,000 in the following year. The decline in prices was short lived and soon enough, the prices sprung back up. Now in 2012, 10 marla house in Lahore Cantt has reached its all-time high average price of Rs 10,795,455.

2012 stats for 1 and 2 kanal homes paint an even prettier picture for the colony as not only has the average price of 1 kanal Lahore Cantt homes, which is Rs 24,150,685, been able to recover very quickly from the blow it suffered in 2008 but it has also left behind DHA to become the most expensive homes in Lahore. In comparison, the average price of 1 kanal DHA homes, which are generally regarded as the top-most posh properties in Lahore, was Rs 23,157,789, almost a million less than that of the Cantt homes.

As far as the average price of 2 kanal houses goes, Lahore Cantt has always been the clear winner in Lahore. Its closest contender, i.e. DHA Lahore, has clearly fallen short yet again. In 2012, the average price of 2 kanal houses in Cantt Lahore remained Rs 52,093,750 whereas in DHA, it was Rs 49,653,030. The difference of 3 million indicates that Lahore Cantt is the ultimate winner when it comes to house prices in Lahore.

For more information, please visit: http:www.zameen.com