Mid-market apartments: a lookalike engine built on qualified leads

The cheapest project in the portfolio at PKR 763 per lead — with a lookalike audience that beat cold targeting.

Client
Residential developer, Karachi
Sector
Mid-market family apartments
Markets
Karachi
Channels
Meta Ads, CRM seed lists
Scope
3 ad sets
  • PKR 763 lowest CPL in the portfolio
  • 3,230 leads generated
  • 1,303 leads from one lookalike
  • 83% of leads from warm + lookalike

Why it was the cheapest

Two of the three ad sets were not cold prospecting at all — one was post-engagement retargeting and one was a lookalike. Together they carried 2,673 of 3,230 leads.

Ad setLeadsCost per leadCTR
Post engagers (retargeting)1,370PKR 7150.47%
Lookalike, qualified seed1,303PKR 7920.51%
Demographic audience557PKR 8120.54%
Project total3,230PKR 7630.50%

The intervention: the seed list

Most accounts build lookalikes on every lead, which teaches the algorithm to find more people who fill in forms. We built this one on the subset the sales team had marked as qualified, and let its budget accumulate so it could exit learning.

The qualification loop is not a reporting exercise. It is the input to the audience that scales the whole account.

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