Fastened down by ultramodern buildings and impressive skyscrapers, the ever-growing skyline of Lahore may be a testament to its rapidly transforming urban landscape. Keeping in line with the country-wide land shift from plots to high-rises, the commercial centers within the City of Gardens are also implying replaced with integrated complexes and aggregates that are no longer limited to hang-out dine-ins.
There is no denying that the commercial centers in bustling cities have always been a cause of attraction for visitors. However, the increase of mixed-use developments in Lahore has had a notable impact on its cityscape because of the land market. Offering an eclectic mixture of residential and commercial properties purchasable, these integrated urban centers provide consumers with a singular opportunity to measure, work, shop, and play, all under an equivalent roof and essentially in grand settings.
Mostly new projects in Lahore are adorned with the most modern amenities, assuring a chic living and rich shopping experience. Typically, these buildings entertain commercial spaces on the lower floors, while the upper floors are designated for office apartments and spaces. Their growing demand among buyers and investors also highlights the paradigm shift within the land market. So, if you’re getting to buy property in Lahore but are struggling to settle on between commercial and residential spaces, consider investing in mixed-use developments as they will be an excellent addition to your land portfolio in terms of capital gains.
The Increasing demand for mixed-use developments
There are quite 30 mixed-use projects under construction in Lahore alone. As the popularity of shopping malls and mixed-use developments began to grow among the masses, the developers were ready to follow the trend. This boom within the construction of mixed-use buildings was also tied to the hike in demand and price of economic units in Lahore, especially over the past few years.
The steady demand backs these increasing rates for innovative mixed-use projects in Lahore. Evaluating the info from the last three years, Indigo Developers also noticed that the demand for commercial units in Lahore. As of December 2020, the typical rental yield of outlets in commercial plazas stood at a powerful 6.3%. This number was even more supportive for retail units located in posh areas and significant mixed-use developments in Lahore.
Similarly, the demand for Lahore apartments rose by 127% between 2018 and 2020. the typical per square feet price of such residential units also witnessed a rise of fifty. To meet the increasing demand for projects that seamlessly integrate commercial and residential properties, over 30 mixed-use complexes are currently under construction in Lahore. Some assume that the rules already set by prominent shopping malls within the city like Emporium Mall and Packages Mall would be hard to compete. Alluding to the very fact that a mixed-use building must boast a major location, striking façade, and superior development standards to show heads and become a promising investment option.
Interestingly, the Indigo Boutique Apartment up-and-coming ultramodern project in Lahore may be a great example of high-end mixed-use developments.
Indigo Boutique Apartment, LAHORE – the right BLEND OF LUXURY & INNOVATION
Envisioned to be the consequent highest commercial hub in the city, the state-of-the-art Indigo Boutique Apartment is an exceptionally aesthetically pleasing and well-designed mixed-use development located within the highly sought-after neighborhood of Gulberg, Lahore. A ground-breaking venture of Indigo Developers, which may be a well-known and trustworthy name within the construction and development sectors of Pakistan, this project offers promising investment prospects that have drawn the eye of domestic and overseas buyers alike.
Indigo Apartments ideal location in Gulberg gives you the opportunity to enjoy yourself in unmatched comfort and luxury. Vast corridors, Hi-speed lifts, a rooftop swimming pool, a fitness club, and top-notch amenities let you experience a high-end luxury lifestyle.
With breathtaking classic architecture, Indigo Apartments is an 11-Level iconic residential building. Offers luxury Villas, two and 3-Bed Boutique Apartments, a host of top-notch amenities, and 2-level secure parking that is ample for citizens and visitors. Indigo Boutique Apartments at 64-L, in Gulberg, is completely a residential building targeting affordable luxury in downtown Gulberg. This mixed-use development in Lahore gives a good range of investment opportunities to real investors and buyers.
The property in Indigo Developers is out there on an easy and convenient 36-month easy installment payment plan. Exclusively marketed by Indigo Developers, Indigo Boutique Apartment guarantees a 7% annual rental yield. Also, the world-class facilities at Indigo Boutique Apartments are set to offer a troublesome time to its competitors. A number of the only noteworthy features of the upcoming mixed-use development in Lahore include an earthquake-resistant structure, power supply, 24/7 CCTV surveillance, fire security, and spacious car parking, and far more.
To sum it up, the growing demand for mixed-use developments in Lahore has led to a boom within the land sector, with premium ventures like Indigo Boutique Apartments leading the way and presenting the town residents with an all-in-one project. Stay connected to Indigo Developers Blog to find out more about the newest residential and commercial projects in Lahore.