Real Estate business in Pakistan has seen a considerable boom and has been a major sector of the economy playing a part in the GDP of Pakistan ever since the development of housing societies has started.
Defence Housing Authority (DHA), Bahria Town, Eden Housing, Emaar Properties (of UAE) and Ghurair-Giga (of UAE) are among the biggest developers of gated communities in Pakistan. In addition to major Pakistani cities of Karachi, Lahore and Islamabad, new gated communities are being developed in second and third-tier cities as well. Recently, Bahria Town announced its newest development of a gated community in Nawabshah, a city of just over a million residents in southern Sindh province.
The rise of gated communities is due to the fact that people think that gated communities provide them with greater security and better living standards. It has become a sort of competition amongst community owners to provide their clients with the best of resources and facilities. New societies not only contain residential plots amongst their gates but also commercial plots, parks, schools, mosques, and various other things.
At the lead of the competition is undoubtedly one of Zaitoon Groups project the New Lahore City. It is not only located at one of the prime, sought after locations of Lahore but it also provides its clients with a variety of options to choose from. People can choose between an option of 5 and 10 marla residential plots or they can opt to choose a commercial plot of 4 marlas. They have choices to choose from in their method of payment and the duration during which they have to make the payment. New Lahore City provides its residents with the best schools of Lahore right inside the society along with recreational facilities and all other things that one requires in a city. It has created a whole other world inside its society one that is safe and secure due to which it is loved by everyone and the go-to option for most people.
New Lahore City is changing the dynamic of the real estate business of gated societies.