Bahria Town Phase 8 Rawalpindi Latest Rates & Development Status

Bahria Town Phase 8 Rawalpindi Latest Rates

Bahria Town Phase 8 Rawalpindi Latest Rates & Development Status  , Bahria Town Phase VIII is huge as it comprises many blocks and sub-projects including Bahria Orchard, Club City, Awami Villas, Safari Valley, and Bahria Hamlet. The blocks included in Bahria Town Phase VIII proper include Blocks A, B, C, C, E, E-1, E-2, E-3, E-4, F-1, F-2, F-3, F-4, F-5, G, H, I, J, K, L, M, N, Overseas-1, Overseas-2, Overseas-3, Overseas-4, Overseas-5, Overseas-6, Overseas 7 and Block P.

Overall, Phase VIII is developed by over 70% and possession for the developed parts is also available. Development work is underway on lands and areas free from litigation and pending otherwise. As soon as Bahria Town gets possession of certain piece of land, it starts development work on it to hand over possession to the respective owners. In this regard, possession is expected soon in Blocks M and N.

Price trends

Compared with rates recorded back in May this year, there has been a steady rise in prices in some blocks, while it is pretty much same for the rest. The main reason behind this uneven appreciation in rates is due to the fact that litigation issues haven’t yet been solved in some areas. Furthermore, market value of plots and blocks that are lower than the ground level is also cheaper.

BlocksPlots sizePrice range PKRPossession Status
Block A10-marla3,500,000 – 4,500,000Available
1-kanal6,500,000 – 12,500,000Available
Block A110-marla4,000,000 – 5,500,000Available
1-kanal8,000,000 – 12,000,000Available
Block B10-marla4,000,000 – 8,500,000Available
 1-kanal8,500,000 – 11,000,000Available
Block C10-marla4,000,000 – 8,500,000Available
1-kanal7,500,000 – 8,500,000Available
Block D10-marla4,000,000 – 9,500,000Partially Available
1-Kanal8,500,000 -12,000,000Available
Block E10-marla4,000,000 – 8,000,000Available
1-kanal9,000,000 – 11,000,000Available
Block E-16-marla2,800,000 – 3,500,000Available
10-marla5,000,000 – 6,500,000Available
Block E-26-marla2,200,000 – 3,000,000Available
Block E-36-marla2,200,000 – 3,000,000Available
Block E-46-marla2,400,000 – 3,200,000Available
Block F-110-marla4,000,000 – 8,500,000Available
1-kanal8,000,000 – 9,500,000
Block F-210-marla2,700,000 – 5,500,000Available partially
Block F-310-marla2,700,000 – 6,000,000Available partially
1-kanal7,000,000 – 8,500,000Available partially
Block F-41-kanal4,700,000- 7,000,000Non-possession
Block F-51-kanal3,200,000 – 4,000,000Non-developed, non-possession, litigation
Block G10-marla3,000,000 – 5,500,000Available
Block H10-marla4,000,000 – 7,500,000Available
Block I5-marla2,300,000 – 2,800,000Available
8-marla4,000,000 – 5,000,000Available
10-marla4,200,000 – 6,500,000Available
Block J7-marla3,000,000 – 3,500,000Partially developed, Non possession
10-marla3,000,000 – 4,000,000Partially developed, Non possession
Block K7-marla2,000,000 – 2,500,000Partially developed, Non possession
10-marla2,800,000 – 3,500,000Partially developed, Non possession
Block L5-marla2,000,000 – 2,500,000Available
 7-marla2,900,000 – 3,500,000Available
 10-marla3,500,000 – 5,000,000Available
Block M5-marla2,200,000 – 3,500,000Possession expected soon
Block N8-marla3,500,000 – 4,500,000Possession expected soon
10-marla3,200,000 – 4,200,000Possession expected soon
Overseas 110-marla10,000,000 – 12,500,000Available
1-kanal11,000,000 – 1,600,000Available
2-kanal17,500,000 – 22,500,000Available
Overseas 210-marla6,000,000 – 8,000,000Available
Overseas 310-marla6,000,000 – 8,500,000Available
1-kanal10,000,000 – 12,500,000Available
Overseas 41-kanal8,000,000 – 10,000,000Partially Available
Overseas 55-marla2,500,000 – 4,500,000Partially Available
10-marla7,000,000 – 8,500,000Available
1-kanal8,000,000 – 15,000,000Available
Overseas 610-marla6,000,000 – 9,000,000Available
Oveeseas 710-marla7,500,000 – 9,000,000Available
Block P1-kanal5,000,000 – 7,500,000Available

 

Al Madina Estate & Builders

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+92 300 3690000

Email : [email protected]

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Bahria-Enclave

Bahria Enclave Updates from investment point of view

Bahria Enclave is one of the most popular places in Islamabad among investors looking to take no risks. For this reason, as soon as there is a drop seen in demand, property rates in Bahria Enclave also drop. However, this drop is subjective and considered as impeding for blocks and plots where development work is underway.

Lately, a surge in demand has been noticed for Bahria Enclave. If you are among the potential buyers looking to buy property here, this update will come in handy.

Market trends

An instant rise in demand for property in Bahria Enclave was noted in late July this year. It is important to mention here that the market otherwise remained at a stand still during May and June, which also brought along a significant drop in prices of plots in popular blocks. The drop rate is higher for blocks which were previously more popular among investors.

With market activity resuming and the number of people interested to invest in Bahria Enclave going up, there are new blocks and new offers susceptible to attract potential buyers. Sources also confirm that activity is picking up for Bahria Enclave and these potential buyers include both walk-in clients and those inquiring about promising investment options over the phone.

 

Buying trends

Throughout 2018, demand has remained high for 10-marla plots in Block C-1, while Block H has lately turned out to be more popular for the 5-marla plot category. Buyers interested in 1-kanal plot category found Block C more attractive.  plots around Block C’s sector park have especially sold like hotcakes in the past.

When asked about the situation in previously popular Block N, Akhtar replied that in the absence of investors during the last couple of months, rates here dropped significantly. The drop was prominent because the rates had gone up by a decent percentage in the past investment phase. For the blocks where development work was yet to kick off, price depreciation was less prominent.

Shedding light on price trends of plots in the developed blocks, Akhtar said that drop was rather marginal, and has lately been recovered.

Development status

Bahria Town’s machinery is currently busy developing Blocks P, K, O and Blocks C-1 and C-1 Extension. Despite the fact that development work in Block N hasn’t been completed yet, work there has been put on hold. It is a general perception that as soon as a new deal is launched in some block, the machinery is moved there. This leads to selling the land faster as investors see work in progress on the site and feel convinced that their investment is poised for growth in market value.

Initiation of development work in fact jacks up property rates. Combined with active buyers, the process becomes quicker. Lately, Bahria Town has launched new deals for plots in Blocks P and K and since these are essentially issued as forms, no property tax or transfer fee is applicable on them.

A look at market rate

By comparing the rates shared in the previous blog, you can have a fair idea on the price fluctuation seen during these months. In a way, the dropped rates combined with increased interest to buy property in Bahria Enclave, has created the perfect opportunity to invest here. Have a look at the current rates of plots block by block;

BlocksPlot sizePrice range
Block A10-Marla9,000,000 – 13,000,000
 1-Kanal12,000,000 – 17,000,000
Block B5-Marla5,500,000 – 6,500,000
 8-Marla5,500,000 – 7,000,000
 10-Marla8,000,000 – 8,500,000
 1-Kanal12,500,000 – 13,500,000
Block C-110-Marla7,000,000 – 10,000,000
Block C1-Kanal15,000,000 – 18,000,000
 2-Kanal35,000,000 – 37,500,000
Block E1-Kanal13,000,000 – 13,500,000
Block F5-Marla3,600,000 – 3,800,000
 8-Marla4,400,000 – 4,600,000
 10-Marla6,500,000 – 7,500,000
 1-Kanal11,500,000 – 12,500,000
Block G5-Marla5,000,000 – 5,500,000
 8-Marla7,000,000 – 7,500,000
 10-Marla6,000,000 – 6,500,000
Block H5-Marla4,800,000 – 5,300,000
Block I5-Marla4,000,000 – 4,500,000
 8-Marla6,000,000 – 6,500,000
Block J8-Marla4,000,000 – 5,000,000
 10-Marla7,500,000 – 8,500,000
Block K10-Marla5,500,000 – 6,000,000
Block L1-kanal13,500,000 – 14,000,000
Block M10-Marla6,000,000 – 8,000,000
 1-Kanal11,500,000 – 12,000,000
Block N5-Marla3,800,000 – 5,000,000
 8-Marla5,500,000 – 7,000,000
 10-Marla6,000,000 – 7,000,000
Block O5-Marla3,500,000 – 3,800,000
 8-Marla5,000,000 – 5,000,000
Block P10-Marla5,000,000 – 5,500,000

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bahria town donates for dams

Bahria Town Donates Rs4.26 Crore In Dams Fund

 Donations continue to pour in for the dams fund started by Chief Justice Mian Saqib Nisar for the construction of Daimer Basha and Mohmand Dam.

The Bahria Town administration has announced to donate Rs 4.26 in the dams fund.

The statement issued by the Bahria Town administration said that they would make use of all the resources for country’s peace and prosperity. The Bahria Town administration urged the people to donate for the dams so the country could grow green and could be saved fromelectricity and water crises.

The Fund has been established by the SBP on the directions of the Supreme Court. The fund may receive donations from both domestic, international donors and contributions from abroad which will be received at all branches of above mentioned banks where such branches exist.

The trend was started by Chief Justice Mian Saqib Nisar who donated Rs 10 lac for the construction of dams.

Following the chief justice, ISPR DG Major General Asif Ghafoor said that the officers of pakistan Army , Navy and Air Force would contribute their two-day pay, while soldiers one-day pay for this national cause.

Acting President Muhammad Sadiq Sanjrani also announced a donation of Rs1.5 million in the funds meant for the construction of Diamer Bhasha and Mohmand dams.

Meanwhile, Habib Bank Ltd has announced to donate Rs 10 crore for the construction of dams while the employees of Faisalabad Electric Supply Company (FESCO) announced to contribute their one-day salary in the construction of Bhasha and Mohmand dams.

Officers of Khyber Pakhtunkhwa Government will contribute their three-day salary to the fund for the construction of Diamer-Bhasha and Mohmand dams.

Caretaker Minister for Foreign Affairs Abdullah Hussain Haroon has donated the entire salary of his tenure in the Fund-2018 meant for the construction of these dams.

Allama Syed Iftikhar Hussain Naqvi, a renowned scholar and member Council of the Islamic Ideology CII has donated his one month salary for Dams Construction Fund.

Judges of Islamabad High Court (IHC) have donated Rs 1 lac each while Veterans of Pakistan(formerly PESA) have also decided to contribute from their monthly pensions.

The Pakistan National Shipping Corporation (PNSC) also contributed Rs20 million to Chief Justice’s Diamer Bhasha and Mohmand Damn Fund.

Moreover, 

Last month, hearing a review petition against the May 4 judgment of the apex court in which it had banned Bahria Town from selling any plot or constructing apartments in its housing scheme in Karachi, a three-judge SC bench headed by the CJP ordered Malik Riaz to furnish in two weeks Rs5 billion before the court to show his commitment to resolving the issues relating to the exchange of government lands for the development project.

The court also dropped hints to attach the property of Mr Riaz. But the Bahria Town owner, who himself appeared before the court, requested it not to do so, saying that it could be used against him. He explained that he owned no property except one in the name of his wife.

 

The apex court also stopped the National Accountability Bureau (NAB) from taking any action against Bahria Town management or anyone who has been named in its judgment now under review.

The SC, in its order, had said as one of the judges who was part of the bench which announced the verdict has retired now and the other judge has given a dissenting note in favour of the Bahria Town, a new five-member bench will be constituted to hear the review petition.

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