Latest update from Bahria Town Phase 8 Rawalpindi
Despite the strict competition that Islamabad as a planned city provides, few if any localities can match the amenities that make Bahria Town Rawalpindi popular. Aside from the amenities, Bahria Town Rawalpindi offers such a wide range of property options that it caters to an equally wide variety of buyers and investors.
Phase VIII of Bahria Town Rawalpindi is attracting most of the interest of investors at the moment. Other phases have reached their peak prices, possession and development there is mostly complete, and they interest genuine buyers more. On the other hand, the potential for investment still exists in Phase VIII. Within Phase VIII itself, it is Rose Garden which might attract the investors more – particularly those on a budget. This article provides you with the latest from Bahria Town Rawalpindi from an investor’s perspective.
An impressive pace of development
Until August last year, while 50% of the development work had been completed, concerns existed that the development pace was slow. Interviews with several experts now revealed that the pace of development picked up and a significant amount of development was completed in that time. Most of the blocks have been developed in the phase and possession is available for them. The blocks which are still underdeveloped include Blocks F-2, F-3, F-4 and F-5.
Current Market Situation
Prices had increased slowly but steadily in the past months but they are stable right now. Since possession is available in most of the blocks, the majority of existing demand is that of genuine buyers. There are pockets and blocks to which the investors are turning for investment. He named Block F-3 as one of those potential venues.
The market prices in Bahria Town Phase VIII differ not only according to the development, possession status, and location but also their height, so a large range exists in prices. The prices for developed 5-marla plots range between PKR 2.3 million to PKR 2.6 million, 10-marla plots range between PKR 3.5 million and PKR 7 million, while 1-kanal plots are priced between PKR 5 million and PKR 15 million.
In Rose Garden, particularly, the price for 5-marla plots hovers around PKR 1.9 million. Finally, 5-marla plots in underdeveloped blocks, where possession isn’t available, can be as low as PKR 1.4 million to PKR 1.5 million.
|Plot Size||Prices in PKR|
|5-marla||1,400,000 — 2,700,000|
|10-marla||3,000,000 — 8,000,0000|
|1-kanal||5,000,000 — 15,000,000|
Where to invest?
The best option to consider will be to buy a 5-marla plot (the only category available there) in Rose Garden and hold it for a maximum of three years. Estimated profits of around PKR 1 million during this time.
Shorter period is possible too, depending on the circumstances, since possession is already available there. Even if construction of a single house begins, it can raise the prices by anything from PKR 200,000 to PKR 600,000. However, the optimum time frame to keep in mind is three years.
Rose Garden can be considered for medium-term investment and that once the area is ready in a few months, it will bring profits within six to eight months after that. The period of a year will be enough to gain good profits. He said that in a year, profits of PKR 200,000 to PKR 500,000 can be expected.
That, however, is not the only investment avenue to explore in Bahria Town Rawalpindi. It depends on the budget. If someone has a budget of less than PKR 2 million, Bahria Orchard recommended ; if close to PKR 2 million, Rose Garden is the option. Someone with investment capacity of PKR 3 million can consider Block F-3, and for an even bigger investment, Club City Bahria Town Rawalpindi as a fantastic option where 1-kanal plots can bring huge returns.
Mohammad Imran Rasheed
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