Ashrafi Town

Ashrafi Town, Main Raiwind Road, Rakh Paji, Lahore, Punjab, Pakistan

Details

LDA-Approved Affordable Pricing Prime Location Ready-Possession Plots Gated Security

Ashrafi Town, also known as Al-Kareem City, is an LDA-approved residential housing society located on Main Raiwind Road in Rakh Paji, Lahore. It offers ready-possession plots ranging from 5 to 10 Marla with basic infrastructure like roads, water, electricity, and sewerage, along with gated security. Originally developed under the Al-Kareem City banner, it is now managed by Al-Kabir Group, ensuring continued development and regulatory compliance. The society features affordable pricing and a prime location near major commercial hubs and nearby societies, making it a viable suburban community.

  • Developer: Al-Kabir Group (formerly associated with Zee99 Developers)
  • Ideal For: Ideal for first-time homebuyers, small-scale investors, and families seeking affordable, secure, and well-connected suburban living with capital-appreciation opportunities.
AREA（Kanal）
1667+

Map-calculated

block
4

In total

Plot
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In total

Approved
Yes

Latest Updates

2026-01
Sources

Official Takeover of Ashrafi Town (Al-Kareem City) by Al-Kabir Developers

Ashrafi Town, previously known as Al-Kareem City, has been officially acquired by Al-Kabir Developers. All plot-allocation paperwork and related documentation are now being issued by the new developer. The takeover, announced in late 2025 and confirmed in early 2026, promises improved development standards, better management, and enhanced facilities for residents. The project, located on Raiwind Road, is expected to see accelerated development under the new management.

Pestimate

House Price

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YoY --

Plot Price

PKR 978/sq.ft

YoY N/A

Commercial Price

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YoY --
Investment analysis
Investors
Middle-income buyers seeking affordable housing and conservative investors expecting moderate returns.
Recommend
For rental income, not recommended due to minimal yields on raw plots. For capital appreciation, recommend purchasing 5-Marla plots and holding for resale value.
Holding period
4-6 years
Tips
Ensure full LDA approval and clear title; verify developer's track record; factor in holding costs like taxes, development charges, and inflation; profit mainly comes from capital appreciation rather than rental income.
Investment Risks
Risks include dependency on infrastructure improvements like Ring Road extensions, macroeconomic volatility, potential inflation, and minimal rental income leading to reliance on resale value. Also, be cautious of file investments and ensure proper documentation.