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From serving investors to handling genuine buyers; the Bahria Orchard update

Property
3 min read | Samra Zulfiqar  | August 20, 2018

The society has long been considered as the project meant for investors looking to flip property for short-term gains. The situation has gradually been changing. The fact that investors had maintained a low profile during the last couple of years means that property rates after dropping by well over 20% in Bahria Orchard, Lahore now tempt genuine buyers. If you have some stakes in the project, here is the latest update on all phases of the society.

Phase I

This phase features five blocks and plots in sizes of 5-marla, 8-marla and 10-marla. It has been the prime phase among people looking to construct their homes in the past. Even today, those interested in constructing their homes among the established neighbourhood of Bahria Town, many buyers go for this phase. According to Ali Imtiaz of The Property Magnates, the demand for 10-marla plots is noted to be higher in Central Block. Those looking to construct a  5-marla house in the society pick the Eastern Block. Here are the latest prices of residential plots in Bahria Orchard Phase I;

Plot size Price range in PKR
5-marla 2,600,000 – 4,000,000
8-marla 3,800,000 – 4,700,000
10-marla 5,500,000 – 6,500,000
1-kanal 11,000,000 – 13,000,000

Phase II

With prices jacked up due to high transaction volume recorded for in Phase I, the demand was poised to shift to Phase II. The phase is all developed, possession is available here throughout, and the best part is that rates here are lower compared to those in Phase I. Abdullah Mushtaq of Apex Group has noticed that the number of builders looking to construct houses in Phase II is increasing. The demand is currently seen high for plots in Block G and J. Here is the price range of property in Phase II.

Plot size Price range in PKR
5-marla 2,500,000 – 3,500,000
8-marla 3,200,000 – 5,500,000

Phase III

In terms of transaction volume, Phase III is the slowest of all phases. That’s perhaps because despite the fact that development work here was completed a year ago, property possession hasn’t been granted. In the last couple of years, property rates here have dropped by 30% and even this couldn’t tempt buyers. It is believed that announcement of property possession will kick-start demand in this phase. In other words, the phase has to be ready to serve the interests of the end users in order to see any activity.

Plot size Price range in PKR
8-marla 3,300,000 – 3,800,000

Phase IV

Development work is currently underway here in in Blocks G-5 and G-6, while work has been completed in all other blocks. It is commonly believed that the developer is looking to grant property possession in Phase III as and when the same can be done for Phase IV. Quite interestingly, property demand here isn’t all down as some investors do find the phase good for long term investment after all. It could be because Bahria Orchard is to have Saudi German Hospital in Phase IV, work on which is to formally start soon. Mushtaq believes that Block G is great for investing in 1-kanal residential plots.

Plot size Price range in PKR
10-marla 4,500,000 – 5,500,000
1-kanal 9,000,000 – 11,000,000

So, here is the latest about Bahria Orchard. Do you think the time is now right to buy a plot or two here for investment purposes? Let us know through your comments.

And if you wish to consult further with an expert, give Abdullah Mushtaq of Apex Group a call on +92-300-428-8372.

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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. Abdullah Mushtaq of Apex Group can share the exact details with you; +92-300-428-8372

  4. Is this article for Bahria Enclave Islamabad or is there any other project of enclave in Pakistan?

  7. Can we buy on installments in bahria orchid. If yes, can you please share the installment and complete payment plan.

    Kind regards,

    1. There is some new offer available but on a short payment plan. Please get more details from give Abdullah Mushtaq of Apex Group; +92-300-428-8372.

  8. There is a Gas Cylinder Factory in G3 of Bahria Orchard Phase 4. Will it go away. It can be bad for all residents. Your comments are needed on it.Thanks

  11. Hi Samra,

    What are the updates on phase 8 extension project that was launched in 2010?

    Many Thanks,

  12. what about Bahria Orchard – OLC B intrums of rates and further development? because the issue is that’ there is huge residential land located on map only but on the actual ground reality there is limited plots on ground and rest is all green land, do you have any update on the development side of the OLC-B? and when Orchard phase II will be cleared by the LDA? because if anyone want to start construction over here there is no GPL no parks facility instead of roads and electricity.

  14. There is a cylinder factory in G3, Phase 4. Any update on that? Will it be taken off or will it exist??
    Thankx

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