State Life Housing Society, Lahore awaits you

State Life Housing Society is located in the south-eastern part of Lahore along the Ring Road and shares the neighbourhood with important real estate developments such as DHA Phase 4, 5, 9, & 10 and Sui Gas Housing Society Phase I. The Society comprises of 2 Phases and unlike many residential communities spurring in the outskirts of Lahore, both of these phases are located adjacent to each other, which is why the demand of property in State Life Housing Society Phase I and II is the same.
On Zameen.com’s search trends, it is the third most looked up housing society for plots in Lahore, which pretty much explains their demand. It is only logical to believe that, in terms of price gain, these plots must have had a wonderful 2014 but this has not been the case. The present political turmoil, that affected almost all economic sectors of the country, also kept people from funnelling their investment in the property market. State life Housing Society too has been one of the many victims of the present political situation, where a constant drop has been witnessed in the sale price of these residential plots.
Just the way rising property rates bring in avid investors, dropping rates also intrigue many. So, practically speaking, there is an opportunity for various property investors and buyers despite where the real estate market is headed. This simply means that the world of property is always ready to meet, greet and tempt new and more buyers.
If you have had an eye on plots in State Life Housing Society, the present price drop of as much as 22.62% in value should interest you. On the other hand, if you had already invested in these plots, you might have to wait for a little while before the market value of these plots picks up once again. Since property investment is never short-term, waiting for a while does not bothers many of us.
As of August 2014, the average sale price of 5-marla residential plots in State Life Housing Society is PKR 1,847,609, which has dropped by 9.39% since the beginning of the year. The prices of 10-marla plots here has dropped 18.35% and their current value rests at PKR 2,891,520. For 1-kanal plots, the price drop noted by Zameen.com has been 22.62% and their present average sale price is PKR 3,789,176. The 2-kanal plots, which are also limited in number, have experienced a price drop of 21.72%; their current sale price rests at PKR 6,450,000.
Many people believe that the overall property rates in Pakistan in general and Lahore and Islamabad in particular will go further down during the third and fourth quarter of the year but it has also been observed that the sellers are sitting idle right now and don’t seem to be in any hurry either. So, if you get your hands on some fine property deal, especially one in State Life Housing Society Lahore, better not miss it.