Aiwan-e-Iqbal Complex, Allama Iqbal, BonFire, British Raj, Chingair, Egerton Road, Faletti’s Hotel, Iqbal Academy, Lahore, Lahore Chatkhara, Maheen Hassan, Mall Road, McDonald’s, Punjab Assembly building, Shaheen Complex, Shimla Pahari, Summit Minar, WAPDA House
Egerton Road was established during the British Raj, and stretches from Shimla Pahari to the Summit Minar near Mall Road. Over the years, several commercial buildings have been constructed along Egerton Road, including the WAPDA House and Shaheen Complex, making it one of Lahore’s primary commercial thoroughfares.
History and culture… The oldest landmark on Egerton Road is the brown-brick, colonial style Punjab Assembly building which was constructed in 1935. Due to the fact that several government officials frequent it on a daily basis, Egerton Road is a high security area. The iconic Aiwan-e-Iqbal Complex, built in memory of Allama Iqbal, is located nearby. Several commercial buildings are located in the complex, including the Iqbal Academy, which has a large convention centre where plays and musical performances are held throughout the year.
Fine dining and fast food… Faletti’s Hotel (which was established in 1880 but closed for several decades) has recently reopened, and is located on the eastern side of Egerton Road. The impressive building is surrounded by sprawling, manicured lawns; Chingair, the upscale, in-house restaurant, is famous for traditional Pakistani food. The western side of the road is a popular foodie spot; BonFire, Lahore Chatkhara and McDonald’s are located there.
The real estate take… Due to its central location and increasing demand for office space, several commercial low- and high-rise buildings have been constructed along Egerton Road, primarily providing office space. Due to the commercialisation of the area, several houses that once lined the road have been demolished to make way for banks, travel agencies and hotels. Property prices have increased by 15% in the last 10 years, while rentals have increased by almost 12%.
In a nutshell… Once a quiet, upscale residential area, Egerton Road has evolved into a thriving – albeit congested – commercial hub.
– Maheen Hassan
First published in the Real Estate Section of The DAWN National Weekend Advertiser on March 30, 2014.