A testimony to its rapidly changing urban landscape is the ever-growing skyline of Lahore. The commercial centers in the City of Gardens are also being replaced with interconnected complexes and compounds that are no longer limited to hang-outs and dine-ins, in line with the country-wide real estate change from plots to high-rises.
Most of these new ventures are fitted with the latest amenities and facilities in Lahore, ensuring an elegant living experience and luxury shopping. These buildings usually house commercial spaces on the lower floors, while office spaces and apartments are reserved for the upper floors.
So, if you are looking to purchase property in Lahore but are struggling to choose between residential and commercial spaces, consider investing in mixed-use projects as they can be a great addition in terms of flexibility and capital gains to your real estate portfolio.
THE GROWING DEMAND FOR MIXED-USE DEVELOPMENTS IN LAHORE
The developers were swift to follow the trend as the popularity of mixed-use projects and shopping malls started to rise among the masses. This boom in the construction of mixed-use buildings has also been related, especially in recent years, to the rise in demand and prices of commercial units in Lahore.
According to data collected by Mid-City Lahore , Pakistan's leading property portal, the average price per square foot of commercial units in the city increased by more than 20 percent between 2018 and 2020, which is very remarkable given that many of these retail spaces have been made available more recently.
Needless to mention, the steady demand for creative mixed-use projects in Lahore underpins these growing prices.
On the lower floors of the project, the shops for sale in Grand Square Mall are housed, while the upper floors are devoted to well-equipped office spaces and new residential units. Classic studio flats and 1-bedroom and 2-bedroom options are included in the apartments for sale in Grand Square Mall, making it a dream home for families of all sizes.
GRAND SQUARE MALL, LAHORE – THE PERFECT BLEND OF LUXURY & INNOVATION
The state-of-the-art project of Grand Square Mall is an extremely well-designed and aesthetically pleasing mixed-use development located in the highly sought-after neighborhood of Gulberg, Lahore, conceived to be the next largest commercial hub in the city.
Facing Centre Point and Mini Golf Park, the perfect location of Grand Square Mall in Gulberg is complemented by its stunning architecture, futuristic design palette, excellent facilities, and exquisite interiors.