Lahore Real Estate
Real estate is the property that is having land and buildings with all the necessities of life like water, minerals, and electricity. Property acquired by the people and different commercial areas like shopping buildings and plazas is Lahore real estate. These real estate properties are of many types.
Residential Real Estate
Residential real estate may contain either a single-family or multi-families in a single building having multi flats. These are available for non-business purposes or for occupation. These are subdivided into many different types which are given below.
Major Categories Of Residential Real Estate
Attached / Multi-Unit Dwelling: These are the buildings in which different families are living in a common area. These people are living under the same roof but living their own life.
Apartments: the apartment is a house that is for the individual family or a person. The boundaries and limitations of the flats are defined by locked doors. It is really usual in multi-apartment buildings.
Multifamily Apartments: these are the apartments in which every floor is a separate unit or a living area of a family.
Town House: townhouse is also known as rowhouse or terraced house. These are the types of houses in which different units are built in a row without any intervening.
Condominium: these are the buildings or flats that have a common room and common ground and people shared those buildings or flats.
Cooperative: these are the types in which different types of owners cooperate with each other and share the flats and apartments.
Semidetached Dwellings: these are the property in which apartments are semidetached.
Duplex: These are apartments or units having a common wall
Detached Dwellings: these are totally detached apartments of a single owner.
Detached Houses Or Flats are the single houses for a single-family.
Portable Dwellings: these are the flats that are movable and can be easily shifted from one place to another.
Mobile Homes Or Residential Caravans: these are the houses that are easily portable from one place to another. Many caravans are migrated from one place to another and shifted their houses from one place to another.
House Boats: these are the floating houses for an individual family.
Tents: tents are houses that are temporarily placed on the ground and then shifted from one place to another.
There are also other categories like villas and hawala. Lahore real estate is actually the property of people that are highly approved by Lahore development authority (LDA) which is the institute of the Lahore estates and properties. These apartments must be legal and undergo proper lawful procedures. Lahore real estate is also providing commercial areas for building plazas or shopping malls. Commercial areas also must undergo proper furnishing by the owners and sell their lands or buildings.
They also give their property and belongings on rent and get a commission on any commercial area. The land of the estate must be in yards, ghazi, Marla or Kanal. These are also sometimes in acres. Owners sell their property according to legal processing.
Legal And Illegal Properties
Some people are occupying land with power illegally. Those are the accused of the illegal occupiers of the land and can be punished strictly according to the law from the court. Now a day’s different elite class member is doing business of building different theatres or shopping malls and give them on rent and get its rent by sitting in their house.
Societies Approved By Lahore Development Authority
There are many societies are introducing into the city of Lahore. These societies are formed by cutting different trees and cultivating areas. This actually reduces the greenery of the Lahore and also makes it polluted. Smog is the real product of the pollution caused by vehicles to smoke. A minimum number of trees is causing pollution. Lahore development authority authorized different societies and approved for development purposes. They also banned the societies that are illegal and developing without the approval of LDA. This institute is actually made for the check and balance of different societies of Lahore. Lahore real estate is the property of the people of Lahore.34