Over the last five years, an estimated 25% of houses located on major thoroughfares in Islamabad and Lahore have been converted into commercial enterprises such as restaurants.
This trend is expected to persist in the forthcoming a restaurant in Islamabad or the return on investment on property there expected that the return on investment on property there expected that the return on investment on property there exceeds 30% over a period of five years.
Islamabad
DHA. The trend of converting house into restaurants has recently gained traction in time, which is a 10-minute drive from the city centre and a 30-minute drive from Rawalpindi. The demand for house on the main roads increases by nearly 20% every year.
Available plot sizes: 250 and 500 square yards
Purchase price range: Rs 40,000-45,000 per square yards
Monthly rental range: 20,000-35,000
Lahore
DHA. Nearly 10% of the houses in phase V and Block Y have been converted into restaurants; usually consist of tow-storey’s and are located along the main road . parking space is limited. Demand for large houses increases by nearly 15% every year.
Available plot sizes: 125 and 300 square yards
Purchase price range: Rs 65,000-85,000 per square yards
Monthly rental range: 25,000-35,000
M.M.Alam Road. Nearly 30% of the house contracted along this road, which is a well- known foodie hub, have been converted into restaurants in the last decade. The demand for houses increases by nearly 20% every year.
Available plot sizes: 150 and 250 square yards
Purchase price range: Rs 60,000-80,000 square yards
Monthly rental renge: Rs 15,000-30,000
By Nimra Sajjad