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. Bahria Town Karachi has launched and completed, with possession delivery, many projects. Bahria Town is a city within a city.
Recently, a surge in the prices of properties of Bahria Town Karachi has been seen by the real estate market. This increase in rates is due to number of reasons that we will discuss below.
Increase in demand for Bahria Town Karachi:
The monsoon season of the year 2020 was worse due huge rains. Due to low sea level and many other factors such as worse sewerage system, the rain water stayed on the streets and roads forming streams and rivers. Many people had their homes submerged into water in the monsoon period.
The picture above tells the rest of the story. To avoid all this mess, the residents of Karachi want to live in a hassle free life, where rain is a blessing not a bane. People from all over Karachi are selling their previous properties to have a spot in Bahria Town Karachi. The population is increasing in this housing society./p<>
The population is also increasing here as Bahria Town is a proved brand name and residents and investors want to associate with this brand name.
Readymade Properties vs. Plots:
At the present times, investors and residents are preferring readymade homes and villas as they are less hassle than constructing one on your own. People want to move in as soon as possible so they want the readymade properties. They demand has increased a lot for these readymade properties. Due to these the rates of these properties has increased to a huge extent and almost these properties are sold out all over the Bahria Town Karachi.
The rates are expected to increase even more in the coming future so much that middle income people could not buy these readymade homes and villas and will automatically shift to the plots. The rates of the plots will then increase in almost 1-2 years. So they readymade property owners and plot owners both will be benefitted in the future but at different times.
Malir Expressway Bahria Town Karachi:
Before, the society of Bahria Town Karachi was considered away from the central Karachi and people didn’t felt good for residence there as they will be away from the main city. But their problem is also solved by the construction of Malir Expressway. This expressway will connect the main Karachi city with the suburbs of the city.
The access is now more than ever easy and people are now ready to invest in Bahria Town Karachi as they can see the potential to invest here. The demand has, again, been the cause of the rise in the rates here.
Merging the disputed plots is a wonderful opportunity for the clients having properties at the disputed precincts. The clients applying for the merger of their plots with the plots at high return legal areas will be given a golden chance to convert their sunken funds into a great investment. These clients are applying for the merger as soon as possible.
Due to these file adjustments; clients will be given new properties by merging their files with other properties. The prices will be adjusted accordingly to the property chose by the clients. This process is also increasing the demand in Bahria Town Karachi and is being one of the reasons for the increase in prices.
Basic Amenities Available:
Bahria Town Karachi has already all the basic and civic amenities available for the residents to live comfortably here. Some of the them are 24 hours electricity backup for uninterrupted power supply, water is available here 24/7 which is a rare commodity in the Karachi City, the sewerage system is designed very meticulously, Natural Gas is present here etc. The cabling of these amenities is underground to give a beautiful view to the residents.
The residents here are very satisfied for being investing here and other obvious reasons.
Bahria Town Karachi has number of recreational activities where one can forget all their worries and stress. Dancing fountain, Bahria Town Danzoo, the replica of Eiffel Tower has just been inaugurated for not only the residents but also the citizens of the city.
Increase in Commercial Sphere:
Due to increase in the population in Bahria Town Karachi, the demands for the commercial spaces has been increasing as more and more shops and outlets are being set up here. The investors are investing here more because they are assured that they will get the high ROI and stable rental income.
To cater the needs of residential areas, the commercial areas are being operational all over the Bahria Town Karachi. As they commercial plots are being sold, the prices are increasing here to a huge extent here.
New Shopping Malls and Galleries:
Many new shopping malls and galleries are going to be the part of Bahria Town Karachi, which will indeed increase the prices of the nearby areas. These will also provide new and better commercial facilities so that residents can live here comfortably.
Bahria Town Head Office Shifting:
It is expected that soon Bahria Town is going to shift their head office from opposite Midway Avenue to Precinct 26A. This transfer of the head office to Precinct 26A is supposed to increase the prices of the properties in the precincts nearby such as Precinct 27, Precinct 28, and Precinct 29 prices will certainly surge to a great extent.
Overall, the real estate forecast for 2021 also shows that property prices will continue to surge in the first six months of this year.
So if you are interested in buying any type of property in Bahria Town Karachi, then book your property with Pakistan Property Services after consulting us for a better decision. For further information, contact Pakistan Property Services on the following numbers or visit our YouTube Channel.