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Built houses as a tool to control residential land speculation - A case study of Bahria Town, Lahore

Journal Contribution - Journal Article

Lahore City, on its way of becoming a Metropolis, has created serious urban problem of inadequate housing. In response to rapidly increasing housing deficit, the Government has now incorporated private developers. In this regard, Bahria Town has emerged as a big real estate brand causing land speculation. Land, which was used to be a resource, has now become a commodity. This paper investigates emerging trends, in the local real estate market by comparing speculation of residential serviced plots and built houses. In addition to that, it will also dig out respective causes and impacts on the price variances particularly in Bahria Town Lahore. The research presents that providing built houses instead of serviced plots in Bahria Town Lahore has been an effective tool in controlling residential land speculation and, hence, directly cutting down the demand for housing.
Journal: HABITAT INTERNATIONAL
ISSN: 0197-3975
Volume: 71
Pages: 81 - 87
Publication year:2018
Keywords:Cities, Housing, Real estate, Land-use, Urban sprawl, Bahria Town
BOF-keylabel:yes
IOF-keylabel:yes
BOF-publication weight:6
CSS-citation score:1
Authors:International
Authors from:Higher Education
Accessibility:Closed