Market Trends
Multan & Gujranwala: Pakistan's Emerging Property Markets
Usman Tariq · Emerging Markets Analyst · 6 min read · 15 March 2026
Second-tier cities are posting double-digit appreciation as ring roads, industrial zones, and CPEC-linked infrastructure unlock new housing corridors beyond Lahore and Karachi.
Multan and Gujranwala have moved from peripheral plays to core allocation targets for investors who missed the 2020–2024 run in Lahore DHA. Wapda Town Multan, Buch Villas, and DC Colony Gujranwala offer 10 Marla homes in the PKR 1.5–2.5 Crore band — a fraction of Defence pricing with improving liquidity.
Gujranwala benefits directly from export manufacturing and Sialkot supply-chain spillover. Multan's southern ring road has re-rated societies along Bosan Road. For yield-focused buyers, these cities still offer 5–6% gross on well-located houses versus 3–4% in premium Lahore plots.
Risk factors include slower resale in thin markets and society-specific litigation. Stick to established developers with clear mutation records and prefer possessed inventory over file trading.
Written by Usman Tariq
Emerging Markets Analyst
