Bahria Nasheman: What the society offers to genuine buyers and investors

Bahria Nasheman, for the most part, is a fully developed project of Bahria Town Lahore. Located on Ferozepur Road, it is connected to the Multan Road and Lahore Ring Road networks. The services provided in the society are top-notch, although the project is a relatively small one (when considered in the light of the developer’s usual portfolio of constructions).

Most of the development work inside the housing scheme was finished back in 2011, and possession is currently available. The older blocks in the project are perfect for genuine buyers (people interested in making a home). At present, they contain a number of houses with many families resident within them.

Last year, however, an extension initiative was launched in the scheme – with new offers of both residential and commercial plots.

While investors may not be particularly interested in residential plots, commercial plots can potentially offer a good return on investment (ROI) opportunity for them.

During the past year, buyers have also shown keen interest in the developed plots section where possession is available (or will become available soon). The same, so far, can be said of this year.

In this respect, you should know that the extension plots in Bahria Nasheman are completely developed; with possessions promised soon. So if you are interested in seizing this investment opportunity, here’s everything you need to know about making a sound decision!

Stables prices – in a market dominated by buyers

According to Shahzad Khan of Nadeem Associates & Builders, market activity pertaining to the project is good. Clients – mainly genuine buyers – are taking interest in both the new and old plots on offer.

The prices, in a nutshell, largely remained stable throughout 2018; with this trend likely to continue in this year as well.

At present, the prices for residential plots stand as follows:

The 2.5 marla commercial plots currently average around PKR 8.5 million and PKR 9 million.

On the other hand, the new 5-marla commercial plots are available in the PKR 18.5 million to PKR 20 million price range.

What’s there to interest genuine buyers?

Bahria Nasheman features well-maintained parks, along with electricity, water, gas, and sewerage disposal facilities. Everything that you can expect from a modern housing development, basically.

In addition, the society comes with underground electrification and 24/7 security & maintenance teams.

It also has a mosque, and a hospital facility that is nearing completion. And to top everything off, it offers a robust commercial area.

The only real downside of the project (if you’re keen on fishing) is that there is no school within its boundaries, as yet.

Why investors should take note

While most of the housing scheme, as already mentioned, does not interest investors, the new commercial plots might just do the trick of swaying them. Potentially.

Two divergent views were offered by the realtors interviewed on this front.

Shahzad Khan was of the opinion that the new commercial plots offer a fantastic opportunity for investment purposes.

He explained that the 5-marla commercial plots are currently available for around PKR 18.5 million. These properties are situated on a 100-foot road, which comes with an additional 30 feet area to serve as the parking space for the new commercial zone.

This commercial area is equipped to cater to 70 feet high – and seven storied – buildings. And in Khan’s opinion, it will probably fare much better (in real estate terms) than the old commercial space, which continues to offer smaller-sized (2.5 to 4 Marla) plots. With these plot options priced around PKR 10 million, the buildings constructed in this older area cannot legally go beyond a three-storied height. So high-rise shopping & recreational malls are completely out of the question here.

Mustansar Hussain of Zikiria Associates, however, disagreed with this assessment.

He believes that the old commercial area is still a better investment option than its new counterpart.

He bases his reasoning on the observation that the new commercial zone is somewhat detached from the society’s residential space. In contrast, the old commercial area is located right in the middle of the housing scheme (and intuitively blends with the society’s living dynamic). In addition, the 2.5-marla commercial plots located in the said zone are available for only around PKR 8.5 million to PKR 9 million. This feature makes them as good investment options as the plot holdings in the new block – in terms of price

So are you interested in owning property in Bahria Nasheman? And do you have any questions or concerns regarding your decision? You can discuss them with us in the comments section below. Alternatively, you can head to the Zameen Forum for a detailed conversation on the topic.