Square One – new haven for investors?

Owning a shop in Lahore’s central business district is a dream come true for people that want a prime location for their businesses and/or commercial outlets.
There are several different projects opening up in the Gulberg area, all of them entice commercial investors with their many offerings. But today I will be discussing a project that has something unique to offer to commercial investors.
Square One offers Pakistan its first taste of the hotel apartment concept. When it comes to the commercial aspect, sitting on the intersection of MM Alam Road and Ali Zeb Road, it has different shop options, available on easy instalments spread over 2.5 years. Despite its location and concept, you can actually book a piece with a 26% down payment, at instalments that fall as low as PKR 227,000.
The building will host shops on four floors. The place has many shops that can be used to populate brands both big and small. I believe the project will become a favourite for shoppers all over the city. The ground floor is dedicated to a ‘Gold Souk’, which is essentially going to serve as an area where goldsmiths can set up their businesses and enjoy extra exposure and growth.
The project’s modern and chic vibe will definitely help get you customers that let their wallets do the talking.
Let’s talk returns
The neighbourhood where Square One is located in has seen real estate price jump 70% to 75% in the last three years. It is expected that the average price of property in the area will increase by another 80% to 85% in the next four years.
It won’t just be lucrative for people looking to open their own businesses, but also investors that may want to offer their spots up for rent. You will be able to bag a rental income of around 6.5% per year.
The average per square rate of a shop in Square One is PKR 82,500. In comparison, the prices of similar shops in other projects located at prime locations in Lahore are quite high.
Here’s a small comparison:
Project/area
Burj Al Saeed
Liberty Market
Gold Mine Plaza
Square One
Average per square foot price of shops
PKR 160,000
PKR 217,500
PKR 162,500
PKR 82,500
For a project that is offering something completely different to being with, these prices are definitely not bad.
One of the most important factors for any real estate project is location. With its placement, Square One promises to outshine most other projects in Lahore. The site is located within close proximity to the Liberty Market, Mian Mahmood Ali Kasoori Road, and even the Gaddafi Stadium. If there was ever a hub that could be called the most lively place in Lahore, this would be it.
Furthermore, the project is only a few minutes’ drive from Ferozepur Road, Gulberg Main Boulevard, Model Town, Jail Road, DHA Lahore and Canal Bank Road.
Square One is being exclusively marketed by Zameen.com, which means that we have scrutinised the project in every manner possible to ensure that buyers get what has been promised to them.
I want to spend a minute talking about parking as well. We all know how busy this spot is when it comes to traffic. Parking won’t be an issue for Square One, as it is being developed with two basements, each spanning 40,000 square feet of space. A smooth inflow and outflow will ensure that there are no bottlenecks to worry about.
I


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