Bahria Paradise Karachi prices

Some Updates About Bahria Paradise Karachi

Bahria Town’s development speed in Karachi has everyone talking. Despite running into some trouble with some of its other projects, it has continued moving forward in Bahria Town Karachi. Even when investors shifted focus to Gwadar, the value of property in Btk did not slow down. 

Although it piqued investor interest quite a bit, Bahria Paradise forms were being sold at a loss. The project was planned without the developer releasing much information and then some details trickled out during April 2017. On April 27, the project was officially launched.

Why the loss?

From the very beginning, the forms of Bahria Paradise were being sold at a loss, and it has happened with Bahria Town projects in the past. My sources tell me that there is nothing alarming about it. As soon as the forms were offered, agents started to overbook them, which pushed their prices down. Once the files reach end users, the prices are expected to increase once again.

Moreover, when the management holds the ballot and launches the map of the society, interest in this venture will grow. Just like Bahria Town Karachi itself, I wouldn’t be surprised if interest reaches near frenzy when development work starts. At the moment, development work is expected to begin during the second half of the year.

Linkers Realty CEO Santosh Kumar, who operates in Bahria Town, echoed similar sentiments. He said that although the forms were going in minus, this didn’t indicate in any way what the future holds for Bahria Paradise. He conceded that right now activity is down due to Ramazan and he predicted that things would pick up after Eid and prices would increase.

The current situation

The location of Bahria Paradise is in Precinct-16, Bahria Town Karachi. It is just 4km away from the Super Highway.

The project seems to be an attempt at improving the already very-high housing standards of Bahria Town. It features a 36-hole PGA-standard golf course, carnival park, night safari, Rafi Stadium and the Roots Millennium School.

Bahria Town’s management has offered forms for 250-, 500- and 1000-yard2 plots and 500 yard2villas. Plots and villas can be acquired on a 4-year instalment plan, with possession in only two years. Check out the payment plan below:

Plot Size250 yard2500 yard21000 yard2Villas (500 yard2)
Processing FeePKR 10,000PKR 15,000PKR 20,000PKR 25,000
Down PaymentPKR 625,000PKR 950,000PKR 1,375,000PKR 2,490,000
Sixteen-Quarterly InstalmentsPKR 331,250PKR 537,500PKR 992,188PKR 2,250,625
Total AmountPKR 5,925,000PKR 9,550,000PKR 17,250,000PKR 38,500,000

 

Should you invest in  Paradise? That depends on what you are thinking in terms of the duration of your investment. For short-term investors, it may not seem like a great idea to invest given how the prices of forms are low at the moment. For long-term investors, the project is expected to bring in big profits in the future.

Continue reading

Bahria town karachi Commercial map

Bahria Town Karachi Commercial Maps

Bahria Town Karachi – Commercial Map

Bahria Town Karachi, a Master-Planned Community with World-Class Infrastructure and Facilities Exclusively for Pakistanis such as Advanced security & rescue services, Pakistan’s largest shopping mall, 5-star international hotel & USGA standard golf course, Commercial areas, Gold-Class cinemas, State-of-the-art sports facilities, World-class school, college and International University, International standard hospital, International theme park, play-land and water-rides, Wonders of the world monuments (Eiffel Tower, Taj-Mahal and Statue of Liberty), Jamiah mosque, landscaped parks, Community sports club & zoo, International standard construction & infrastructure, Grid station & telephone-exchange, Transport system from Bahria Town to City Centre, 100 % backup power (No Load-shedding) etc.

Bahria Town Karachi – Midway Commercial Map

 

Continue reading

bahria town lahore sector f

Sector F plot file owners reject BTK offer. What’s next?

In an attempt to sort the Bahria Town Lahore’s Sector F issue, which is pending since the last several years, the developer made an offer to those affected by this particular block. According to that offer, the details of which were made official by Bahria Town in April this year, Sector F file owners could apply for same sized alternate plots in some blocks in Bahria Town Karachi (BTK).

This offer has now been rejected by people who have invested in Sector F; read on to find out the current situation.

An offer they couldn’t refuse?

When Bahria Town rolled out its BTK offer many thought that Sector F investors would go for it. The latest in this regard is that these file owners want nothing but plots in Bahria Town Lahore. According to my sources, the offer could intrigue only a small number of file owners.

Ever since the offer was made, Sector F file owners started a new protest campaign, which was stronger than all their previous campaigns. File owners are more organised this time and they are all on the same page about their demands.

According to my sources, those affected by BTL Sector F had a meeting with Bahria Town Country Head Sales Shahid Qureshi on May 22, who came prepared to sort out their concerns. After realising that Sector F file owners will not settle for anything other than plots in the same locality, Qureshi made some commitments with them. People will be adjusted in phases.

In the first phase, around 1,200 file owners will be accommodated. Bahria Town is to launch one more block in Sector F, i.e. Tauheed Block, which can accommodate about 400 file owners. There’s no information on where the rest of the allottees will be accommodated.

At the moment, there are over 2,000 Sector F file owners waiting for a resolution. Compared to this, the adjustment of 400 or 1,200 file owners means there will still be some people whose problems will not be resolved. Qureshi has asked for a six-month time frame to adjust all Sector F file owners, while my sources believe that it might take a year or so.

According to the latest information, some of these file owners have also received their allotment letters for Sector F’s Tauheed Block. The information has made other file owners hopeful that a resolution may well be in sight.

What’s in store

Bahria Town claims that it has ample land to adjust Sector F file owners. According to some news sources, the developer is also purchasing more land around the route of the Lahore Ring Road (LRR)’s under-construction southern loop.

Getting an alternate plot here could also mean getting possession. On the other hand, possession is not available in any block of Sector F, while maps for just a couple of these blocks have been shared so far.

Continue reading

© 2018 Bahria Town – Rawalpindi Islamabad Karachi. Powered By Adsaim.com