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.
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.
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.
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;
|Blocks||Plot size||Price range|
|Block A||10-Marla||9,000,000 – 13,000,000|
|1-Kanal||12,000,000 – 17,000,000|
|Block B||5-Marla||5,500,000 – 6,500,000|
|8-Marla||5,500,000 – 7,000,000|
|10-Marla||8,000,000 – 8,500,000|
|1-Kanal||12,500,000 – 13,500,000|
|Block C-1||10-Marla||7,000,000 – 10,000,000|
|Block C||1-Kanal||15,000,000 – 18,000,000|
|2-Kanal||35,000,000 – 37,500,000|
|Block E||1-Kanal||13,000,000 – 13,500,000|
|Block F||5-Marla||3,600,000 – 3,800,000|
|8-Marla||4,400,000 – 4,600,000|
|10-Marla||6,500,000 – 7,500,000|
|1-Kanal||11,500,000 – 12,500,000|
|Block G||5-Marla||5,000,000 – 5,500,000|
|8-Marla||7,000,000 – 7,500,000|
|10-Marla||6,000,000 – 6,500,000|
|Block H||5-Marla||4,800,000 – 5,300,000|
|Block I||5-Marla||4,000,000 – 4,500,000|
|8-Marla||6,000,000 – 6,500,000|
|Block J||8-Marla||4,000,000 – 5,000,000|
|10-Marla||7,500,000 – 8,500,000|
|Block K||10-Marla||5,500,000 – 6,000,000|
|Block L||1-kanal||13,500,000 – 14,000,000|
|Block M||10-Marla||6,000,000 – 8,000,000|
|1-Kanal||11,500,000 – 12,000,000|
|Block N||5-Marla||3,800,000 – 5,000,000|
|8-Marla||5,500,000 – 7,000,000|
|10-Marla||6,000,000 – 7,000,000|
|Block O||5-Marla||3,500,000 – 3,800,000|
|8-Marla||5,000,000 – 5,000,000|
|Block P||10-Marla||5,000,000 – 5,500,000|