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Bahria Orchard Lahore buzzing with real estate activity

Property
2 min read | Samra Zulfiqar  | August 17, 2015

Zameen.com has noticed a gradual and constant rise in property demand of Bahria Town projects in Lahore, especially Bahria Orchard. It is no longer unusual to notice property demand in Bahria projects in a city going up, while the same activity drops in projects in another. Genuine buyers and investors also benefit from this activity and find themselves in the perfect circumstances to buy or sell land with such shifting activity.

To have a look at what’s actually happening in the market, we consulted Athar Associates CEO Mian Usman who deals extensively in Bahria Town Lahore and specialises in Bahria Orchard. According to Mr Usman, a constant rise in value of Bahria Orchard property had been noticed in the last four months. We have also learnt from Mr Usman that Bahria Town Lahore was buying more land around the existing blocks of Bahria Orchard Phase 1 and 2, and Bahria had also merged some of Green Valley’s land with Bahria Orchard.

It should be noted that Bahria Orchard Phase 2 was launched about 5 years ago and Bahria is still acquiring land for the project while no confirmed statement has been issued by the developer about when they plan to handover possession. Certain rumours are circulating in the market about the expected possession of Orchard Phase 2, leading to an increased demand for these plots.

Moreover, the development of Raiwind Road and Lahore Ring Road will also benefit Bahria Orchard. If the developer wants to cash in on these infrastructural developments, the timing of possession handover and related development ideally has to coincide with their completion. The ongoing acquisition of land around Bahria Orchard suggest that Bahria is shifting focus to this part of the city and investing there could be a promising move to make.

Bahria Orchard Phase 2 features residential plots in 5- and 8-marla sizes. Per Zameen.com’s stats recorded so far in August 2015, the average sale price of 5-marla residential plot in Orchard 2 is PKR 2,600,000, which has increased from PKR 1,750,000 since January 2015. The average sale price of 8 marla plot is PKR 3,100,000. In Phase 2, the low-cost Sector C is currently attracting a majority of investors.

The demand for plots in Bahria Orchard Phase 1 also persists and property rates in this phase are also inching up. Per Zameen.com’s latest stats, the average rate of 10-marla residential plot in Phase 1 is PKR 4,500,000. For 5 marla plots, the average sale price is PKR 3,000,000.

Experts believe Bahria Orchard is a good option for a short-term investment. The present activity seen in the market is expected to last for another couple of months and will pick once the Raiwind Road and Lahore Ring Road near completion. If you wish to buy a plot in Bahria Orchard, I would recommend you to pick the ones with good location. You can also let Mr Usman help you choose the right plot.

For further guidance and consultation, Mian Usman can be reached at +92-323-400-4338.

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Samra Zulfiqar
Samra Zulfiqar is a real estate analyst at Zameen.com. She likes to dig down deep into the real estate market to figure out which projects can get buyers the best returns on their investment.

    1. Do you know any Bahria project that had faced problem getting an NOC from the respective land development authority? Don’t invest in Bahria Orchard if you don’t want to, I have just given information. And i very much appreciate that you and all other readers commenting here to spread truth. Thank you Babar and please continue doing so.

    1. You are right Zahid, we hardly ever include the bad sides of investing in certain projects. Let me work on it.

      1. Zameen.com doing great in real estate prospective, I really appreciate & I believe it will be really valuable if you always add Pros & Cons in your blogs.

    1. Ali, that’s not correct, rates have gone up and trade volume has also increased. I am just reporting it.

  4. Zahid saab it is an advertisement in form of blog . Zameen seems to be favouring towards Bahria. Pls let the comment go live as there is jahmoriat in Pakistan.

  5. Orchard is in acceleration mode, though promoting a particular agent through blog (Zameen.com’s Blog) is somehow not a professional/best practice.

  6. To be honest the scheme has good access to main road unlike the other bahria scheme. Moreover, bahria always has good schemes and has good name. unlike dha its low cost and value for money. The article is a good effort.

  9. In my opinion nice and balanced article, Ali don’t be sarcastic, blog has got useful information, besides bahria orchad with Rs. 400,000/- per marla rate is far better than DHA phase 9 with about 7 to 8 years remaining in development :).
    Samra keep up the good work !!!!

  10. Thanks for the article @Samra.
    I think the average prices you quoted seem a little over-rated (by about 3-4 lacs); but I hope I’m wrong.

  11. Yes prices are appreciating and now after launch of 8 marla plots in Southern district activity is gaining momentum ….. but I am unable to understand why Bahria own marketing is failing and dealers selling the open form plots

  12. Pingback: Where to invest in Lahore with a budget of PKR 2.5 million - Zameen Blog

  13. IN Bahria Orchards, there r 1 Kanal Villas, Are these available now and what is the market value or demand of these villas now.

  14. Please guide regarding effect on Bahria orchards LCO phase 2 after opening of LRR Loop 2. is there any significant swell in prices?

  15. Please guide regarding effect on Bahria orchards LCO phase 2 after opening of LRR Loop 2. is there any significant swell in prices?
    Regards

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