GOOD DAY READERS,
First of all, HAPPY NEW YEAR! STAY BLESSED in 2017. I hope you all will be fine by the grace of almighty Allah. I am back to bring you the insight of what happened in year 2016 in Bahria town & Bahria Orchard Lahore. In 2016, market has taken many turns, to a speed of lion to a speed of snail. TAX evolution which caused panic in the market and market crashed dramatically. Year 2016 starts on a high note as a trend from 2015 keep on going. Let first talk about Bahria town Lahore.
BAHRIA TOWN LAHORE
Bahria town rates are always stable and strong. The rates here don’t increase and decrease very sharply like other projects of Bahria town, especially developed sectors like sector B & C especially, even now sector D is quite stable even after the tax evasion, The rates in all these sector are almost as they were in the start of 2016. Also in 2016 main trend and focus was in Bahria Orchard so investors here didn’t enjoy maximum returns on their investment. But in other sector’s like E, F, people enjoyed returns in the beginning and but in the end of year rates decline, almost 5 – 8 lac.
In 2016, main event in Bahria town was Talha block, a project launched in Bahria town after a long long time, it was an ultimate hit. Investors earned handsome amount in this project. Initial booking rate was PKR 62,50,000 on installments. At a time, general plots were sold as high as PKR 77 lac, whereas locations are sold above 80 lac. But now rates are back around 70 lac and may be less for many plots. The reason was somehow TAX tsunami, which caused panic in the market and market crash. secondly, many people who were able create pressure and maintain it on Bahria town management, they get plots in shape of adjustments, brings more supply in the market, which caused more decline in the rates.
Another main event was balloting of sector F, though it was without map. Bahria town management said that they will start development after 6 months, which cause upward trend in rates. As per now development didn’t started so rates increased almost upto 50 lac to 60 lac now they are back on 37 – 45 lac.
Strangely ring road cause negative affect on BTL rather than positive affect. The reasons behind is the affected owners, whom property is coming inside the ring road. Now BT has paid adjustment to building owner and tax evasion is also solved, this consider to be as good year coming for Bahria town investors.
Golf view residencia which was the most hyped project of BT, which was unfinished for a long time, and there was no development in it. Now is a good news for them, Few member created a group, create pressure on BT management & try hard for the development, and they succeed, they had a meeting with Malik Riaz. He ordered for the development and hopefully new map will be out in the market in few days and development will be started in this month as promised by Malik Riaz.
BAHRIA ORCHARD LAHORE
Bahria Orchard started 2016 on fire. In the beginning of the years rates of 08 marla plots were 28 – 35 lac, whereas rates of 05 marla were around 22-27, but the impact of development on Raiwind road, in the Adda plot area, and Raiwind road super highway statues and ring road projects, cause the much appreciation in all the societies of Raiwind road as well as Bahria Orchard. In the first few months of the year rates jumped upto 50 to 60 lac for 08 marla, many 08 marla plots were sold above 55. and 05 marla rates were above 40 lacs. But suddenly the tax evasion cause the panic in the market and the bubble burst and rates started to depreciate. Currently bahria orchard 08 marla rates lies between 37 to 46 lac and 05 marla rates are now 28 to 36. At the moment market was on high note, it feels that its a bubble because rates are unjustifiably high, but now rates are unjustifiably low, which show there is a potential of appreciation of 4 to 5 lac at least in every plots. It’s a buying season in Bahria Orchard Lahore.
For more information Call or sms. Below number is available on wats app and imo