Bahria Golf City Karachi Latest Market Situation
Bahria Golf City Karachi Latest Market Situation , Bahria Town Karachi has been keeping its own in the relatively mute period that the real estate market is going through. However, according to our sources, investors are hesitant to invest in even Bahria Town at the moment. It is the genuine buyers who have kept their interest up. Our was more than 2 years ago, so here is the latest Market situation
A Distinctive Project
Bahria has a penchant for introducing some of the most distinctive projects in Pakistan. According to information available on Bahria’s website, the project is inspired by Emirates Hill Dubai and it is a one-of-a-kind project in Pakistan catering to golf-lovers in a luxurious community. The project features a 27-hole Professional Golfers Association (PGA)-standard golf course in one of the best gated communities of Pakistan. The residential plots on offer are sized 500 sq. yds., 1,000 sq. yds. , and 2000 sq.yds, which are to be paid for on an instalment plan of 4 years. 10 of these instalments have already been paid.
According to AD Real Estate CEO, Bilal Jarral, 70% of the development in society is already complete. Many of the artificial lakes have already been created, the parks completed or nearly so, and by the time the last six of the remaining instalments are complete, everything will be ready.
Current Market Situation
The asking premium is pretty high in the area near Jinnah Avenue, which is the starting point of the project.
The prices have, however, fallen slightly in recent months. The prices right now, on the other hand, are pretty much stable. Investors are more focused on the newer projects of Bahria Town Karachi, and it is the genuine buyers now who are focusing on this project.
The investors who take the most interest in Bahria Golf City are the overseas Pakistanis. Overseas Pakistanis know how to do their research and they are extremely cautious accordingly.
The asking premium in Bahria Town can differ remarkably according to the location of the plots in Bahria Town, according to Jarral. If you go for the lake view or the golf view plots, the asking premium for the 500 sq. yd. plots can go as high as PKR 6 million. On similar 1,000 sq. yd. plots, the asking premium on such plots, depending on location, can go as high PKR 20 million. Though the average asking premium hovers around PKR 6 million.
If you are looking to build luxury homes to retire in, or want to shift with your families to Karachi, there can be no better place than Bahria Golf City.