I have heard the dates of installment for Bahria Town Karachi have been extended and the first installment date is now may 27. This has not been announced as yet because I called Bahria Town helpline (0800-00100) last night and they said its still May 7 which is today. My sources tell me that this extension will be announced today.
Any views and comments on that?
I am new into this, Siddiqui and still waiting for confirmation of this news, and one more thing can you tell me what is the rate of Bahria Town Karachi (125 Sq yards (5 Marla) file)
They will probably announce it on 8 May so that all who had planned to pay the installment have made their payment.
Today’s rate was 1 lac 60-65 thousand Rs.for 5 marla.I have also heard that date has been extended.
What do members of this forum think on price of plot after first installment? Will they increase further or go down more? I have observed lackluster and slow response to first installment payments which I am assuming is all planned to bring down prices further
Thoughts?
I personally see further decrease in the prevailing market situation....
Regards
Rate will decline more.
It means those who have bought the forms for over One lac fifty thousand are already doomed
@Malik Khurram: I don't think that will be the case. This is an initial correction and if one can hold it for another year or maybe two, things will materilize. The dynamics of Karachi are so that the population is growing like anything, however, there is limited space to expand. BHK location is well suited and will deliver results in future.
Patience is a virtue
Agreed, the rates are expected to come down further till 2nd installment at-least.
The major advantage BTK has that it lies on the main highway which connects Karachi to other major cities. All the traffic coming from any one of the ports ( Karachi or Gawadar port) have to pass through this highway. Basically It lies on the main Artery of the karachi that is heading towards the city centre. In terms of location BTK is vital too for its development and growth. I think BT management have done alot of home work before going ahead and selecting the location.
The Karachi city is running out of open spaces and they need open sapces too. In terms of open spaces, Bahrai Town is quite generous if not mistaken.
The master plan map of BTK looks vey beautifull and the patterns of the roads reflects modern styles of planning.
The reason for the decline of the prices is not the technical but the psychological. As soon as after second or third installment the confidence of investors/owners will start restoring than things will start gettig better Insha Allah.
These are my persnol views and does not implies to any one.
Finally I would say: LET THE DUST SETTLE DOWN.
@Siddiqui Well these things can really help the new buyers joinning the community of Bahria Town..
What about the installment date ??? anyone
I think prices fall because karachi members are desperate sellers and they are selling files even they got extra 1000Rs on it, pindi/isb/lhr members know bahria well then karachi that’s why sale/purchase is slow in that cities comparing with karachi rates will be better in coming 6 months whoever hold the files get fruitful results…
Agreed with Junaid to a large extend. The only fundamental difference that I see between BTK and its RWP/LHR projects is that the number of plots are way more than the earlier two projects. Also KHI has a much higher population and along with Punjab's investors taking interest in BTK, there is a surplus of files in the market right now. Whenever this happens, the prices always go down.
My suggestion is that investors should not panic and keep the installments momentum going for another two years
What about the installment date…Does anyone know about it???
I am also waiting for a reply on Installment date ???
I got a plot transferred yesterday 8th. It couldn’t be done before the seller payed his first installment so I had to pay the installment amount to him as well. I guess this tells me that there is no extension in the first installment due date so far.
The date for first installment was May 7
So if we pay the installment today, how much extra we need to pay and as we are far from Pindi, can we still deposit it in bank…
@Salman: daily 0.05% of installment amount (Rs. 45 for 5 MARLA) is the penalty that is being imposed on late payments. If you are in RWP then you can go to bahria town’s office in bahria town phase 8 and deposit the amount through payorder/DD. Banks only accept the installments within the last date which was May 7