Reasons Behind 3 Marla Properties Popularity, Gains in Demand and Value
Simple answer is;
“In 2021, PTI government’s amnesty on real estate development & construction financial-backing encouraged middle class to jump into 3 Marla properties. 3 Marla housing construction and 3 Marla plots buying /selling gains high values in returns and such small housing units are the most popular and favorite for quick returns“
Having a home in today’s fast-paced life is highly important. As the prices in real estate are going up day by day in Pakistan, especially in Lahore. Therefore, most of the people are now moving towards 3 marla houses. If you want to know the complete information about 3 marla plots and 3 marla houses, you have reached the right place. In this full-of-information article, we will cover all the information related to the 3 marla plots and three marla houses categories. Therefore, keep reading this article till last to get the most useful and comprehensive information regarding this topic.
Why do People Prefer 3 Marla plots in Lahore?
When it comes to reasons for why people are preferring 3 marla plots in Lahore, the list is long. 3 marla plots (675 square feet) are more suitable for downsizers or those who prefer smaller or medium-size homes. However, one of the most prominent reasons why people choose 675 square foot (3 marlas) plots is their affordability. Construction materials, raw materials, and land in Lahore are all rising in price, and everyone is searching for ways to live within their budget. Ultimately, the land size will be smaller, which will reduce the cost.
On the other hand, 3 marla houses are easy to finance. People in Pakistan have easy access to these types of house financing through banks and other financial institutions. In addition, three marla houses are easy to maintain from an energy efficiency perspective. There are few maintenance costs associated with these houses. Even if maintenance costs are incurred, they are still much lower than the maintenance costs associated with a large house.
People are increasingly buying brand new houses as a way of improving their living conditions. The advantages of purchasing a brand new 3 marla home are numerous. These properties have many advantages including low maintenance costs, move-in-ready homes, energy efficiency, modern designs, and more.
You can find brand new 3 and 3.5 marla houses in the following societies.
- Safiya homes Sue-e-Asal Road
- Eden Canal View
- SA Garden
- Al-Noor Orchard
- Al-Jaleel Garden
- Safari Garden
- Lahore Motorway City
- Omega Residencia
- Shadman Enclave
- Sher Shah Colony Raiwind Road
- Al Kabir Town
- Johar Town
- Township, Lahore
- Hamza Town, Ferozpur Road
What is the Rental Income of 3 & 3.5 Marla house Property in Lahore?
A 3 & 3.5 marla house is the most desirable option for earning some income by renting it out. By doing nothing, an individual earns a fixed amount every month. If you’re wondering how much money you’ll be able to earn by renting a 3 marla house in Lahore, look no further. There is a wide range of income for rental houses in 3 and 3.5 marla areas. In Johar Town Lahore, a 3.5 marla house would generate between 35,000 and 40,000 in rental income. In Faisal Town, it is expected to be in the range of 30,000 to 35,000. It will be between 20,000 and 25,000 in the Township. In other areas of Lahore, 3 marla houses can help you earn 15,000 to 20,000 rupees per month in terms of rental income.
What is the Average Price of a 3 Marla Plot & House in Lahore?
In Lahore, prices of 3 marla plots & houses also vary from area to area. In posh areas of Lahore, the price is higher whereas, in other areas, the price is comparatively low. In the table below, you’ll find information about the average price of 3 marla plots & houses in different areas and neighborhoods of Lahore.
|Sr. No.||Housing Society||3 Marla houses||3 Marla house||3 Marla plot||Property Trends|
|1||Johar Town LHR||3.5 Marla||9,000,000||5,000,000||Positive|
|2||Gosha-e-Ahbab Lahore||3 Marla||7,200,000||5,500,000||Positive|
|3||Alfalah Town Lahore||3 Marla||7,700,000||4,200,000||Positive|
|4||Super Town, Lahore||3 Marla||6,500,000||6,00,0000||Positive|
|5||Eden Lane Villas 1 Lahore||3 Marla||3,300,000||1,800,000||Positive|
|6||Cavalry Ground, Lahore||3 Marla||1,250,0000||7,500,000||Positive|
|7||Formanites Housing Scheme Lahore||3 Marla||7,500,000||2,800,000||Positive|
|8||Lalazaar Garden Lahore||3 Marla||7,000,000||4,200,000||Positive|
|9||Bedian Road, Lahore||3 Marla||4,950,0000||1,700,000||Positive|
|10||Bismillah Housing Scheme Lahore||3 Marla||70,00000||2,400,000||Positive|
|11||Lahore Medical Housing Society||3 Marla||891,00,000||2,700,000||Positive|
|12||Al Rehman Phase 2 – Block A Lahore||3 Marla||72,00,000||28,00,000||Positive|
|13||Canal Bank Housing Scheme Lahore||3 Marla||82,00000||1,400,000||Positive|
|14||Khuda Buksh Colony, Cantt, Lahore||3 Marla||7,500,000||4,200,000||Positive|
|15||Samnabad On Shama Road Lahore
|16||Pak Arab Society Phase 1 – Block B Lahore||3 Marla||1,0000000||5,500,000||Positive|
|17||T & T Aabpara Housing Society Lahore||3 Marla||7,500,000||4,500,000||Positive|
|18||New Lahore City – Block B Lahore||3 Marla||7,500,000||1,600,000||Positive|
|19||Edenabad, Eden Lahore||3 Marla||5,500,000||2,800,000||Positive|
|20||Chungi Amar Sadhu Lahore||3 Marla||5,500,000||3,500,000||Positive|
|22||Clifton Colony Lahore||3 Marla||7,000,000||3,000,000||Positive|
|24||Central Park – Block G, Central Park Housing Scheme Lahore||3 Marla||7,600,000||3,000,000||Positive|
|25||Military Accounts Housing Society Lahore||3 Marla||8,300,000||4,500,000||Positive|
|26||Nasheman-e-Iqbal Lahore||3 Marla||8,500,000||7,000,000||Positive|
|27||Walton Road Lahore||3 Marla||10,500,000||4,500,000||Positive|
|28||Mohlanwal Scheme Lahore||3 Marla||6,000,000||4,000,000||Positive|
|29||Shoukat Town Lahore||3 Marla||8,500,000||36,00000||Positive|
|30||Al Faisal Town D Block Opposite To Askari 10 Lahore Jora Pull
|31||Ferozepur Road Lahore||3 Marla||6,000,000||1,3500,000||Positive|
|32||Sham Nagar Lahore||3 Marla||4,900,000||2,500,000||Positive|
|33||Military Accounts Housing Society Lahore||3 Marla||7,800,000||6,600,000||Positive|
|34||Government Employees Cooperative Housing Society (GECHS) – Phase 3 Lahore||3 Marla||11,000,000||4,500,000||Positive|
|35||Immad Garden – Block D Lahore||3 Marla||3,100,000||1,200,000||Positive|
|36||Bagarian, Lahore||3 Marla||2,500,000||1,9500,000||Positive|
|37||PCSIR Housing Scheme Phase 2 Lahore||3 Marla||9,500,000||5,800,000||Positive|
|38||Rana Town Lahore||3 Marla||2,600,000||3,7500,000||Positive|
|39||PGECHS Phase 2, Punjab Govt Employees Society Lahore||3 Marla||7,500,000||3,900,000||Positive|
|40||Jalil Garden||3 Marla||6,500,000||3,000,000||Positive|
|41||Al Noor Orchard Lahore||3 Marla||3,900,000||1,750,0000||Positive|
|43||Shadman Enclave Lahore||3 Marla||8,000,000||1,050,0000||Positive|
|44||SA Garden||3 Marla||1,140,0000||1,730,0000||Positive|
|45||Al Rahman garden Lahore||3 Marla||7,200,000||2,000,000||Positive|
What are 3 Marla Plot Registry & Property-Inteqal (BOR) Expenses in District Lahore?
Inteqal of 3 marla house and plot is free in Lahore. Other applicable taxes include 3% stamp duty, 1% district council fee, 2% capital value tax, and a fixed amount of 500 rupees. You can further find it on this link.
How Many Floors You Can Build on a 3 Marla residential plot?
Generally, we can build 2 to 3 floors on 3 marla residential plots. If we want to build more, we will have to get special permission from Lahore Development Authority (LDA).
3 Marla Houses Category in LDA Housing Schemes and Johar Town Lahore
1- Johar Town Lahore offers 3.5 Marla residential plots
2- Formerly 3.5 Marla residential plots in Johar Town Lahore were allotted to widows
3- 3.5 Marla housing is the most suitable and cost-effective housing opportunity in Lahore especially in Johar Town
4- Johar Town Block “E”, “E1” and block “D” carries most of 3 and 3.5 Marla residential properties
5- 3 Marla and 3.5 Marla commercial plots are also available in various LDA housing societies like Mohlanwal LDA Scheme and LDA Jubilee Housing Society
What is the Expected Construction Cost of a 3 Marla House in Lahore?
Before building any house, it’s important to know the cost of construction. The budget plan can help prepare an accurate picture of the costs related to the completion of the house. To construct a 3 marla house, you will need construction materials, a design, and most importantly, a financial plan. You need to determine the cost of your home’s construction before securing a reliable construction team, selecting building materials, and designing your home.
The construction of a three-marla house requires careful planning and consideration of a variety of factors. Among those factors, the construction cost of a 3 marla house in Lahore is the most important. Current market conditions (As of September 2021) show that the construction of a 3 marla double story house costs Rs. 2,706,694, though it costs US $16006, GBP 11750, and UAE Dirhams 58791 in those currencies. In these figures, 3 Marla land cost or 3 Marla plot cost is not included.
The value of 3 Marla plots varies depending on what amenities and facilities are available in a given society. An average priced, 3 Marla plot costs Rs. 45,00,000 in Johar Town Lahore. A built brand-new house costs Rs. 7,206,694 while their builder or contractor offers a ready-to-live 3 Marla house for Rs. 8,500,000. and if you build it yourself then we promptly can say that it will cost us Rs. 7,206,694 (land cost + Finish Construction).
3 Marla Flat in Lahore (675 square feet residential living place in the multi-story building)
The debate over 3 marla flat or apartment vs house living is a long-standing one. However, where you choose to live can have a significant impact on your lifestyle and happiness. Most people prefer to live in apartments due to multiple reasons. When it comes to Lahore, has different types of living options to offer. You can also find a 3 Marla flat that will be enriched with all the features and amenities of modern life living. Most apartment complexes in Lahore have specific amenities on the premises or at least within walking distance. These amenities include gyms, convenience stores, and laundry facilities.
What is the Property tax on 3 Marla houses in Lahore?
A property tax is an ad valorem tax on the value of a property. This tax is imposed by the national government, a federated state, or a municipality. The good news is that there is an exemption on FBR annual tax for plots and houses measuring 3 marlas and 3.5 marlas in Pakistan.
Lahore DC Valuation of 3 Marla Properties in Different Lahore Housing Societies
AL Kabir Town Phase-2
Raiwind Road, Lahore, Punjab
Al-Rehman Garden Phase-7
Sharaqpur Rd, Near Faizpur Interchange, Lahore
Raiwind Road, Lahore, Punjab
Jubilee Town - Block C
Canal Road and Defense Road
Zaitoon New Lahore City
Canal Rd, Lahore, Punjab
Dream Housing Society
Raiwind Road, Lahore
Khayaban-e-Amin - Block A
Lahore Rd, Pakistan
Canal Garden - Block E
Canal Garden, Lahore
Johar Town Phase 2
Johar Town, Lahore, Punjab
Bismillah Housing Scheme Block C
Bismillah Housing Scheme
Shah Jamal, Lahore, Punjab
Safari Garden Housing Scheme
Safari Garden Housing Scheme lahore
Palm Villas - Block B
Palm Villas, Lahore, Punjab
State Life Housing Society Phase 2
State Life Housing Society
Sher Shah colony
Raiwind Road, Lahore, Punjab
Punjab Coop Housing Society
Punjab Coop Housing Society, Lahore, Punjab
Ali Town Lahore
Bismillah Housing Scheme
Bismillah Housing Scheme, Lahore, Punjab
Allama Iqbal Town Neelam Block
Allama Iqbal Town, Lahore
Taj Bagh Scheme
Sabzazar Housing Scheme Lahore, Punjab
Peco Road Multan Road
Central Park - Block G
Central Park Housing Scheme
Military Accounts Housing Society
Military Accounts Housing Society, Lahore
LDA Mohlanwal Scheme,
Raiwind Road, Lahore, Pakistan
PCSIR Housing Scheme Phase 2
3 Marla House: What are the Pros and Cons?
It doesn’t matter what kind of or size of house you live in, it can feel like home if you put the right time, care, and people into it. We have many options when it comes to finding a house to call our own since they are available in all shapes and sizes. Every size house has some pros and cons. A person can pick a place if it has more advantages than disadvantages, so long as it fulfills his/her needs. The 3-marla house does have its pros and cons, and here we are going to mention some of them.
- Pros of 3-Marla House
It might seem as though a 3 Marla plot would be insufficient space to build a house, but recent studies show that smaller houses are better for habitation. Having a three-marla house has various pros in a variety of ways. A person with a low budget will benefit from a manageable construction cost. After construction is complete, the maintenance cost can be determined on an individual basis. When you paint a smaller house, for instance, you will spend a fraction of what you would for a larger one. The cost of fixtures and other renovations to your house will be reduced as well. As well as this, small three marla houses are energy efficient and easy to maintain in the summer and winter.
- Cons of 3-Marla House
No matter how small or large a home is, it is still a home. Nonetheless, if there are some pros to a 3 marla house, then there are definitely some cons as well. The first disadvantage of the small apartment is its small living space. When you have a large family, you will come up against space limitations. We live in an era where everyone wants a private space. Another problem is that there is insufficient space for you to host an event. Moreover, in three marla small homes, things can become cluttered easily and are sometimes hard to manage.
Final Words For 3 Marla House & 3 Marla Plot in Lahore
In conclusion, we would like to point out that building a 3 Marla house is the ideal choice and affordable housing option for lower and middle-income families in the present day. 3 marla houses that are well designed and well-planned can accommodate 2-3 bedrooms with attached baths, a drawing-room, a television lounge, and car porches. Houses of 3 marlas can be seen in densely populated areas of big cities like Karachi, Lahore, Rawalpindi. A major benefit is an exemption from FBR annual tax for plots and houses under 3 marlas and 3.5 marlas. Other advantages include less expensive, low maintenance costs, less cluttered, energy-efficient, lower utility bills, comfortable and intimate, and more. Those interested in 3 marla houses can find more information on our three marla listing page.
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