Today’s news about Jinnah Avenue Commercial being adjusted 300,000 in Bahria Town new projects which are Bahria Heights, Golf City files, Midway Commercial and Ali Blocks. Well, we have seen yesterday rates of Jinnah Avenue Commercial in minus and traded between 85,000 and 90,000. But today after getting this news price of Jinnah Avenue Commercial went up and traded 115,000 to 122,000.
Adjustment procedure and policy will be revealed today. As we know bahria town again sent a notice of regarding cancellation of files and giving deadline of 30th May for all Bahria Town Karachi Projects. We are already experiencing a terrible market of Bahria Town Karachi, Moreover they sent a notice of cancellation and mention in it as per company policy Bahria Town has authority to cancel files of failure of two consecutive installments. Investors and dealers are already annoyed by Bahria Town and after Jinnah Avenue Commercial, Bahria Town dealers are totally deceived by Bahria town. Because they committed to Bahria town, Jinnah Avenue Commercial forms will be sold by Dealers and the forms are also available at banks.
Many files holders of Bahria Town Karachi are not willing to pay more installments due to terrible condition of Bahria town Karachi market. I have also heard a news, that investors and dealers sent so many abusive SMS and Calls to Mr. Shahid Qureshi after receiving a cancellation notice. Well, maybe after receiving reaction from people, Bahria Town decided this adjustment of Jinnah Avenue Commercial or maybe it was pre-planned strategy for the collection of installments.
Moreover the old project files will be ballot on 30th June and only updated (five installments paid) files will be included in ballot, and also Jinnah Avenue Commercial will be open soon after submission with the fee of Rs 4,000. Well, now in my opinion rate of jinnah avenue commercial will move up.
So kindly sale it otherwise after couple of weeks you will face the music,
Your valuable comments are always welcome. Let us know if you have some more information.
Dear Usman bhai
Any update on extension of Instalment date submission. Secondly what about old BTK balloting dates.
Dear Usman
BTK balloting and Jinnah avenue adjustment could not attract people and they are going into more trouble situation by paying painful instalments. Would you please explain situation and future outlook. Looking forward to see your valuable comments on the situation.
Dear Usman
BTK balloting and Jinnah avenue adjustment could not attract people and they are going into more trouble situation by paying painful instalments. Would you please explain situation and future outlook. Looking forward to see your valuable comments on the situation.
Dear Usman bhai
Is there any extension in Bahria Town Karachi instalment date submission of 20th June… ? If balloting happens on 30th June…Where is location map as I mean how they will allot numbers. Kindly shed light on the situation. Thanks
Dear Usman bhai
Bahria has extended file cancellation date till 26th June. it seems balloting is just their trick to collect instalments. As a matter of fact their BT system is not as much capable to update all instalments in just four days.
BTK market is totally crashed and investors facing huge huge loss. JAC adjustments of 300000 could not attract and people were no more interested to deposit instalment without fearing of cancellation. Refund with deduction of 25% is better option instead of indulging more investment. Dear Usman please ellaborate situation
bahria karachi will never win the investor trust untill MR resolves Lahore/Rawalpindi issues…. dont know how are they missing this simple business trick of building customer trust… instead of drowning billions in karachi,,why dont bahria invest 1/10th of that amount in Lahore to win back investor confidence which will reflect in Karachi project also….Zardaris friendship is spoiling MR
Bahria Town Karachi 125 sy files are going to be merge and upgrading into 250 and 500 sy. Moreover these will be merged in all BTK projects. Bahria Town will announce all merging details soon.
I have a submitted from of Jinnah Avenue Commercial and want to adjust it against installment of plot in Behria Karachi Residential. Can any body guide me in this regard. Thanks.