Bahria Town’s Current Policies and their Impact on Property

Current Policies and their Impact

Bahria Town does not need any kind of introduction for real estate all over Pakistan. This society represents the basic development design; integrated development, fully paved roads, underground electricity, gas, water; communication supplies give this project a modern and contemporary look that still looks beautiful and iconic even after many years have passed. It’s advanced and modern look that displays in world-class standards. It offers not only residential plots but a complete way of life.

Along with all these amenities, almost all the plots have been converted to houses where families have residence and are enjoying the premium Bahria Town lifestyle.

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Bahria Town is an exclusive enclave and one of the most modern and exquisite addition to the lifestyle and state-of-the-art project in Pakistan. The experience in town planning and urban trend-setting features of Bahria Town has not only helped in making it the finest communities but also Pakistan’s most premium location.

Alongside every one of these pleasantries, most plots here have been changed over to houses where families have moved in and are getting a charge out of the Bahria Town way of life. At present, exceptionally well known particularly with the business class for interests in business opportunities, Bahria Town has formed the horizon of the rich history of the architecture in Pakistan. Vast plains abundant with natural green settings host the most progressive residential lifestyle yet to be matched by any other development. Economy housing and luxury lifestyle are all harmonized to carve the most versatile and diverse community.

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But Bahria Town still has some policies that can discourage the investors to invest in any project of Bahria Town despite so many luxuries and facilities. In the last couple of years, Bahria Town has made several adjustments in its policies like possession, utility charges, and construction that have led the investors to feel discouraged to invest here.

Today, in this blog, we will discuss these Bahria Town’s current policies and their impact on its changes on its properties and investors which are

  • Increased Possession charges in 2021
  • Completely developed projects
  • Reduced time to pay the charges

Some of these details are given below:

Increased Possession charges in 2021:

Bahria Town started to remind the investors of the society to pay the possession and utility charges in April 2020. The management informed its members to apply for possession and pay their utility charges through several notices, calls, and emails to remind the investors from time to time. Several deadlines were also announced by Bahria Town for the investors to pay their charges and clear their balance; however, these dates were later on extended too.

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In March 2021, Bahria Town increased the possession and other charges by 20%. This is a piece of very bad news for the investors who will apply for the possession of their properties after March 2021. These investors will have to pay 20% more possession charges for their properties at Bahria Town. Investors have felt very confined to the situation as the sudden and abrupt increase in the possession charges and they cannot do anything to reverse the situation.

Completely developed projects:

Due to the change in the possession and utility charges, investors are feeling very discouraged to invest in the available commercial or residential plots of Bahria Town. It is expected that Bahria Town Peshawar will soon be launched but the investors are looking for some relief for the recent increase of the possession charges applicable to the properties of Bahria Town all over the country. No new residential properties are launched after the successful deals of Bahria Orchard Phase 4 and very few golden opportunities for investment are left. Due to high demand, these properties have also increased in their prices.

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Due to this reason, investors have started looking for some other housing societies in Lahore that can give them some return at a lower investment.

As the investors are alarmed about how they will pay the increased charges of their properties that they both a while ago, investors are heavily investing in the already developed projects such as Orchard Mall and Times Square Mall. The IT Mall and IT Hub in these projects respectively are offering 6% rental income to assure the investors that their investment is safe and secure. Due to this investors are feeling good to invest in some projects that will give them the income or profits that they deserve.

Reduced time to pay the charges:

The construction on the plots could be done in 3 years previously but now this time has been reduced to 1 year only. The construction is not a problem but the problem is that the first-time investors will have to clear all the outstanding dues after possession in just 1 year only.

This policy will only address the first-time investors of the property and is considered a very desperate attempt by the management of Bahria Town to raise funds from the investors.

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After this adjustment to the construction policy, end-users are buying their desired properties but not the investors as they do not the burden of paying the prices in a very short time.

We advise our clients to invest in the already constructed properties of Bahria Town till the management does not change this policy. Investing for the first time in a property right now may lead to the payment in just a short time of one year.

For more information, contact Pakistan Property Services. We provide you better consultations for your real estate matters.  You can also visit our YouTube Channel where we update our clients about the new trends and the new projects in real estate market.

Projects We Deal In:

Many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the most better decision. Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project.

Lahore:

Lahore is the cultural and economic hub as well as the provincial capital of Punjab. The city is well known for its huge economic opportunities in different sectors. People come from different areas to grab these opportunities and have a residence here. Below the list of some of the top Projects in Lahore:

Karachi:

Bahria Town Karachi is a benchmark within the landscape of Karachi with its world-class excellent-planned society. This society is sketched with an area concept to supply outstanding lifestyle facilities to its residents and can introduce new benchmarks of community development in Karachi. Below the list of some of the top Projects in Karachi:

Suggestions:

We can see that the Pakistan Real Estate Forecast 2021 suggests investing more in this market as it promises a huge profit in the coming future. The investors should purchase the properties at a low rate so that they can earn more by selling it once the rates are good enough.

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