2017 Real Estate Trends in Bahria Town
- Bahria Town Rawalpindi Phase 1 to 6
Rates of property got stagnant in 2016 however, in 2017 plots and houses prices jumped to superior level. Shifting to Bahria Town Rawalpindi was the best solution for large number of families during the extreme hot weather and worse load shedding during this year’s summer. Because of this phenomenon Bahria Town in Rawalpindi experienced rise in rental prices of residential units including houses and apartments in different phases. The Phase 1 to 6 Bahria Town got densely populated by 300 plus families 60 % of them living on rent in houses and apartments generating the increased demand of units. New luxury apartments and commercial projects were also initiated in this region hence welcoming the investments from local and overseas Pakistanis. Moreover, Bahria Town Phase 1 to 6 experienced 65% of construction of new houses. Very limited residential plots which are around 20% are left in this part of the city leading to 10 to 15 lacks of price lift.
- Bahria Phase 7 & 8 Becoming Home to Brands
Now coming towards the Phases 7 & 8 of Bahria town Rawalpindi right on the scenic view of Sawan River where many new developments took place in 2017. Bahria Town authority gave possession of residential plots in various sectors of Phase-8, completion of road networks and provision of electricity was achieved, more than 50 % of new houses construction work was initiated coupled with the start of few commercial projects as well. Bahria Town Phase 8 witnessed more than 80% of construction of commercial and residential buildings. Large number of roads and infrastructural development plus provision of facilities was completed by Bahria Town Authority in various sectors of Phase-7 & 8. Bahria Town Phase-7 have become a hub of best international and national brands, Pappasallis, Pizza Hut, Johny Rockets Burger, Roasters, Texas Steak House, KFC, Diva, Kallisto and lots of other food outlets are opened in Phase-7. Plot prices in many sectors of Phase-7 & 8 have risen to almost giving profit of more 6 to 15 lacks plus to many investors of this part of city. From 2014 to 2016 the 5 Marla residential Plot price in Phase-8 was dormant to maximum of 15 lacks whereas in 2017 it is being sold at the rate of 20lacks plus.
- Bahria Enclave Islamabad
Bahria Enclave Islamabad has launched mega apartments and commercial projects in different locations which have brought a new trend in the luxury market of real estate in the history of Islamabad. Provision of possession of large number of plots coupled by the new cutting and development of plots in Bahria Enclave escalated the rates of property there. A large number of energy efficient houses and villa projects are completed and are in the phase of completion. The 5 Marla residential plot in Sector B-2 of Bahria Enclave was having the worth of 36 lacks in last two years and this year the price has jumped to 45 to 50 lacks depending on location and category.
- Bahria Town Karachi
Because of the wonderful and innovative real estate landmarks and international standard amenities, Bahria Town Karachi remained the most popular society on the online searches in 2017. 125 sq yard plots were traded like hottest properties because Bahria Karachi probably won’t come up again with this plot cutting. Despite a huge demand of these plots which are available in 16 precincts, prices are still affordable. 250 sq yard plots come next on recommendation list which are located in 8 different precincts. Development of these plots is almost near completion (90%), so it is going to be a preferred choice of buyers in 2018. Bahria Sports City, the biggest project of Bahria Town Karachi, is witnessing massive trade of its plots. This trend will keep on for upcoming months as plot prices here are still in range. Bahria Golf City is another project of Bahria Town Karachi where buying time remained at its peak. Midway Commercial remained on top for the sale and purchase of commercial plots. Many new plot cuttings and planning of commercial projects were initiated in 2017 which are the best options to invest at Bahria Town Karachi.