Model Town

Model Town is a historic garden suburb of central Lahore laid out in circular blocks around Model Town Park, where large 1 kanal and 2 kanal bungalows dominate and density stays low. Original 1 kanal houses trade in a wide indicative range, with corner and park facing plots on the inner blocks commanding the top prices. Because values here depend heavily on the exact block, plot size and condition, treat any figure you see as an asking value and verify current rates with a local agent before you commit.

Model Town is house led, so apartment stock is limited compared to newer Lahore societies. Most buyers here are end users and long hold owners drawn to the mature trees, wide streets and the central park, rather than investors chasing quick file gains. Where flats do exist they are usually in a few pockets near the market and main roads. Any per square foot rates you are quoted are indicative, so verify current asking prices for the specific building before you decide.

Rental yields on large Model Town bungalows tend to be modest, because owner occupiers and prestige buyers set the sale prices while rents stay comparatively low, so capital values are high relative to income. In practice this is a prestige, appreciation and end use address in central Lahore rather than a cash flow play. Actual yield depends on the plot, the house and the tenant, so ask agents for recent 1 kanal rental deals in Model Town and compare them against the asking price before you assume a number.

Budget beyond the headline price for the Pakistan cost stack, which is charged on the higher of the DC rate and the FBR notified value for the area, not just your negotiated deal price. Expect Punjab stamp duty, capital value tax, a town or registration fee, FBR section 236K withholding tax which is higher for non filers, the sub registrar transfer fee, and roughly 1 percent agent commission. All of these rates change from budget to budget, so treat them as indicative and check the current Punjab and FBR schedules, ideally with a lawyer, before you transact.

Model Town sits on Ferozepur Road, which links it to central Lahore, and the Orange Line Metro runs along this corridor with a stop serving the area for quick city access. Inside the neighbourhood you have Model Town Park, the central roundabout and Barkat Market for daily shopping and dining. It stays green and low density while remaining close to the city centre, which is a large part of why original bungalows here hold their prestige and value.