The demand for apartments has increased by over 30% in the previous five years, resulting in an increase in the number of newly completed high-rise luxury flats in Lahore. People desire easy access to high-quality amenities, their favorite restaurants, and recreational opportunities without sacrificing location.

Migrants from various cities and countries, as well as people who can't afford large homes but yet want all the conveniences, prefer to live in flats.

Why Apartments Weren’t That Much Preferable in Lahore?

The residents of Lahore are well-known for their dislike of apartment life. This is frequently attributed to a "Punjabi attitude", albeit this may be inaccurate given the large number of Punjabis who own properties in Karachi, Dubai, and other parts of the world.

Nonetheless, it is true that owning the land on which one lives is a culturally significant aspect of Lahore that apartment ownership does not appear to provide.

The reason why Lahoris haven't adopted vertical living in the past is because they haven't needed to till now.

However, now that the necessity has arisen, they will adapt, just as people of Karachi did in a previous era, despite the fact that the cities are otherwise dissimilar.

Why The Apartment Living Trend in Lahore Is on The Rise?

Lahore appears to be hitting comparable ceilings in terms of horizontal expansion. Lahore also faces a physical barrier in the form of India's northeastern border.

As a result, the logical locations for societies (excluding DHA) have been towards Raiwind and Multan Road in the south, although those areas are becoming very saturated and difficult to access.

So, while Lahore is catching up to Karachi in terms of cultural acceptance of apartment living, it will take a little longer.

Top Areas to Buy Apartments in Lahore

The city's apartment buying trends are also relatively comparable. With 25.1 percent of queries, DHA Lahore once again topped the list, followed by Bahria Town and Askari Lahore.

These areas yielded 7.5 percent and 4.5 percent of all search results, respectively. DHA phases 6,5,8,3 and 1 appear to be the most popular selections.

Top Areas to Rent Apartments in Lahore

The Defense Housing Authority (DHA) of Lahore came in top on the list of the city's most popular rental regions. In comparison, Askari was the second most sought-after location for renting flats in Lahore, accounting for only 7.9% of all queries. Johar Town, on the other hand, came in third with a 7.6% search result.

DHA phases 5, 6, 3, 8, and 1 appear to be the most popular locations for renting an apartment in Lahore, according to the search results.

Furthermore, if you're here for a job or studying in Lahore. In that scenario, you should consider renting a studio apartment in Allama Iqbal Town, Garden Town, or Gulberg, where studio apartment rates are affordable and you may save even more money.

These areas are centrally positioned in the city, making educational institutions, important attractions, and economic centers easily accessible.

Reasons for Increasing Trend of Apartment System in Lahore

Following are some of the reasons:

Facilities

The number of people living in apartments in Lahore is increasing vertically. Multi-unit residences include a variety of amenities such as swimming pools, yoga or gym centers, cafés, and much more all under one roof.

Apartments are an excellent alternative for folks like single men/women or small families. People nowadays prefer apartments to owning a large property.

Time-saving and efficient

Modern apartment complexes in Lahore include a variety of management technologies that can help you save time. If both husband and wife work, purchasing an apartment that includes clothing, housekeeping, maintenance, and other home tasks is a better option.

Less maintenance

Modern apartment complexes have a variety of management systems that can help you save time in your hectic schedule. If both partners have jobs, owning an apartment with facilities for cleaning, washing, clothing, maintenance, and other home duties is a more straightforward option.

Cost

The most common benefit of buying an apartment is that you will pay less taxes than you would if you bought a house. Real estate investment is now accessible to even modest investors.

Not to mention the financial benefits of living in an apartment building. Gas, water, electricity, and monthly rent payments can all be reduced. You will have to use air conditioners and heaters for a shorter period of time because a smaller space is easier to cool and heat.