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Bahria Town Karachi Survey Report After Balloting - LRE-Azan - 10-31-2017 02:24 PM
Bahria Town Karachi Management finally rolled out balloting results for Bahria Paradise project. If you got your plot alloted in back precincts like 52, 53 and 54 then don't make your luck responsible for this but it had to be done this way, you couldn't get the better location in initial precincts. In fact hardly 5% people get plot allocated in initial precincts i.e. 46, 47, 48 and 49. If this is the case then who got the plots in best precincts? The answer is same as always happens, Bahria Authorized dealers were allotted the best location plots in these precincts. Even before balloting dealers was selling good location plot numbers but they were not authorized to publicize the exact number with document because what will an ordinary person think about Bahria policy as he/she is still waiting for balloting? So the plan was to allot the good numbers under the table, otherwise it could have bad impact on Bahria Town's reputation. Paradise unballoted and open file rate is still on peak, why is that? I leave it to you to think about .....
What is future of bahria Paradise:
I think Bahria Paradise is an outstanding project with all state of the art facilities and the thing that makes it more valuable is, its development work is on fast pace and most of the roads are already carpeted. Hence you will see old project will get halt but Paradise market will boom. Most of the buying/selling will be done in Bahria Paradise project. Whereas old projects will be slower down, as you know Bahria Sports city in the whole, precinct 32, 33 and some more are already dead.
Why Paradise investment is good:
Many people think that Bahria Paradise launching price is too high but if we see the ground reallities it is still better investment than others. Just take an example of Ali block 125 yards, you will get a good location plot in Ali block 125 yards at around 4.5 to 5 millions, and the whole amount you will pay in cash. Now come to Bahria Paradise, you will get 250 yards good loaction plot at around 2 millions upfront amount where 1 installment also inlcuded and here you will get better loactoin as well than Ali block. It maybe costly but you will be paying in installments and eventually bigger plot with higher value. However, your investment plans should be well measured according to your amount management because you will have to pay quarterly installment Rs. 331,000.
What should I buy in Bahria Paradise:
Lot of people ask me what to buy in Paradise, well its all about your budget but I think you should always go for the best location that comes under your budget because at this moment normal and category plot prices has minor difference but later both prices will be miles away from each other. However, good location plot in back precincts and good location precinct but general plot can also be a good investment approach. Whatever but never invest with plan in mind for short term otherwise situation can be risky.
Good location precincts: Precinct 46, 47, 48 and 49
Good location plots: Corner, Park facing, West open and Main boulevard
Please note, here we are only targetting 250 yards, but overall it covers the whole Bahria Paradise Karachi project.
You can check current current Bahria Paradise rates on our Bahria Karachi Prices page.