At present, Bahria Town Rawalpindi ranks as the most popular housing scheme for buying plots inside the ‘Garrison City’ famously known as Rawalpindi. The project’s offerings of numerous plot size options and a well-maintained residential terrain comprise only some of the reasons why it has managed to garner such huge acclaim from the city’s otherwise picky citizenry.
Buying trends for plots in Bahria Town Rawalpindi
As per the latest Zameen Trends recorded exclusively for Bahria Town, Phase 8 occupied the top search position in March 2019. When taken specifically, it grabbed about 83.5% of the total search volume share within the society. And to top matters off, this high demand also saw a noticeable translation in the society’s consequent (and recently witnessed) price hike.
Phase 8 is among the few phases in Bahria Town where a consistent price ascent was recorded during the entire span of 2018. Its stellar community features, and crop of planned constructions, make this particular project location attractive for both end-users and investors eyeing comparatively cheaper options (in Rawalpindi real estate) to put their money in!
Further in the project’s search listings, Phase 7 occupies the second position in terms of eliciting the most investor interest; although it lags far behind in search volume. Phase 4, Phase 3, and Phase 2 currently stand at the third, fourth and fifth positions, respectively.
As a potential buyer, you should know that Bahria Town Phases 1 to 7 are completely developed and inhabited at the moment; with their property options currently running in short supply. So you might want to hurry up and cash in before it’s too late!
As an observed trend, the demand for plots in Bahria Town Phases 7 and 4 tends to go up when these ‘genuine buyers’ – as they’re sometimes referred to in the field – become more active.
Bahria Town Phase 8 is around 70% developed, and only a few blocks here presently feature a high population density. For this reason, genuine buyers tend to avoid it, while investors prefer to hold it due to its attractive market rates.
Available investment options in Bahria Town Rawalpindi
The current high demand for Bahria Town Phase 8 plots suggests that as soon as market conditions becomes favorable for investors, this location will instantly become the city’s prime investment ‘hotbed’. Many experienced property agents, in fact, believe that this much-anticipated future is not too far off!
At the same time, the project’s other phases are also expected to surface as solid investment options for investors eyeing short-term gains. These society locations would include those phases and blocks which continuously generate higher demand among end-users. Unfortunately, the property options covered under Bahria Town Rawalpindi don’t remain relevant for long (in terms of being available for purchase) – and they benefit only those individuals who keep an unflinching eye on developing market conditions.
Bahria Town also provides several property buying opportunities to people interested in purchasing plots at prices lower than their going market rates. But these offerings do not usually dictate the overall market trend. In most cases, the short-term investment opportunities that pertain to Bahria Town Rawalpindi land tend to be availed exclusively by those people who eagerly lie in wait for them.
Property affiliates, for the most part, are aware that both Bahria Town Phase 8 and Phase 8 Extension hold a lot of investment potential – additionally due to the fact that the Rawalpindi Ring Road is expected to pass right through them. The said road network, as per its route design, is all set to benefit the southern part of the city (specifically the areas which fall between Rawat and Chakri).
Most updates of Phase 8 of Bahria Town Rawalpindi, in fact, revolve around the public developments that are planned for the RRR by the government. For this reason, investors like to keep a close eye on all news stories that make mention of this circular road.
Right investment offers for Medium-term gains
As alluded to above, these investment options are normally only availed by a limited number of people who monitor the market closely. Sometimes, the agents designated to keep track of such opportunities also have a few investors on-board (in the background); ready to buy plots whenever the right moment presents itself. Naturally, the investors who are well-connected (and have some or all of the inside scoop at their disposal) are also often the ‘early birds’ when it comes to scoring good returns – whether it’s through Bahria Town Rawalpindi, or other projects in the real estate sector. Recently, several property agents active in the market were quick to notice that the demand for residential plots in Phase 4 had started to rise sharply due to the project’s recently completed Civic Centre (commercial avenue). Similarly, Bahria Town Phase 7 plots have also managed to draw a lot of buyers’ attention lately due to their easy approach via the city’s GT Road network. And so as a result of these apparent trends, it might be fair to reason that investing in these two phases could bring about some hearty medium-term gains.
The expected returns from investments made in Phase 8 also appear promising, but this matter is highly dependent on how the government chooses to addresses investors’ concerns in its upcoming budget. The executive’s planned (and much anticipated) amnesty scheme can also bring along some substantial investment activity in Bahria Town Rawalpindi – we have our fingers crossed!
As of now, most investors seem to want their risk profiles to be kept in the safe zone – and so they focus mostly on purchasing 5-marla and 10-marla residential plots. And this trend is likely to continue; at least until some other market breakthrough (mediated by state intervention, or free market conditions) takes hold. So here was the latest analysis on the buying trends recorded for Bahria Town Rawalpindi from our end.
You can also take a look Bahria Town’s projects in Karachi, Lahore, and Nawabshah if you want to move to some other part of the country.
For more updates on this developing situation in Rawalpindi, please stay tuned to Zameen Blog.
