Lahore is Punjab’s one of the most popular and historic town. Owing to this factor, the migration rate in this city has increased tenfold over the last decade or so, and hence today this change accounts for one of its biggest problems.
Further, every family wants to settle in Lahore for several reasons. Better health and educational facilities are a few of them. The majority of migrants are, however, from the lower or lower-middle class. So, instead of buying a house, they choose to be a tenant instead, in Lahore.
Hereby, we believe that they should choose the location near their place of work or educational institutions. Hence, here’s a list of one of the best locations to opt for a house for rent in Lahore.
DHA Defence, Lahore, is the most popular location for house rentals in Lahore with a maximum search percentage of 23.4 per cent. Phase 6, with 31.3 per cent of total searches, remains the most popular sub-district. Phase 5 and phase 8 are followed by 21.2% and 9.6% respectively of the total percentage.
In terms of price, rent of a 2-bed house in DHA Lahore can be over PKR 35,000. Meanwhile, a 3-bedroom home can cost around PKR 40,000-60,000 and a 4-bed house in Defence Lahore on rent can range from PKR 65,000 to PKR 1 lakh.
The Bahria Town of Lahore earned 7.9% of the total percentage in the most-searched list. It is, therefore, the second-best area in Lahore with houses for rent. With 28,5% and 28,4% of total searches, Sector C and Sector B are the top sub-districts. Sector D is followed by 13.2% of the overall search percentage.
Rent for a 2-bedroom home in Bahria Town can vary between PKR 21,000 to PKR 40,000, while a 3-bedroom option can cost you from PKR 35,000 to PKR 60,000. Then Houses of 4-bedrooms in the area are usually priced at PKR 30,000 to PKR 70,000. Due to prices this much elastic, every property dealer in Lahore markets houses of Bahria town.
Throughout April 2019, Johar Town stood fifth in the ratings, with 4.4% of the overall house renting searches in Lahore. The most common sub-areas for phase 1 and phase 2 are 51% and 48.2% of the overall searches. A house of 2-bedrooms in Johar Town carries a price tag of PKR 23,000 to PKR 55,000. On the other hand, a house of 3-beds can be on the market for PKR 33,000 to PKR 70,000. Moreover, houses with 4-bedrooms may have prices ranging between PKR 30,000 crore to PKR 70,000.
Cantt is the next best area with houses for rent in Lahore, the last in the list of locations with 2.7 per cent of the total search. Khuda Bux Colony, 15.5% Saddar, 11.2%, and Ali Park, with 10.6% of the search results, are the most common sub-areas in the world.
Then talking about the rents of houses in Cantt, a 2-bed property can cost around PKR 18,000 lakh to PKR 50,000. Whereas, a house of 3-bedrooms can be priced at PKR 50,000 to PKR 1 lakh, and a 4-bed structure in Cantt can be on the market for PKR 70,000 to 2 lakhs.