Al Rehmat Project by Bahria Town – is it real this time?

In April last year, many registered Bahria Town dealers started offering commercial plots at a prime location on Peco Road, Lahore. Many people rushed to buy these plots, thinking that the project was lucrative for investment, given that it was attached to Bahria Town. Then everything went haywire. Bahria Town issued a notification refuting its involvement in the project completely.

Almost a year later, it seems like we are going through a bit of a déjà vu moment. Once again, Bahria Town’s registered dealers are marketing the same project.

To get to the bottom of this, I got in touch with a Bahria Town official. I wanted to figure out just how authentic the project really was. According to the official, the project really is being backed by Bahria Town, but is to be formally launched. The official did not share a possible launch date for the project.

If you are in the market to invest, and find an agent that claims that the project has been officially launched you should simply turn a deaf ear. Rest assured, I will keep you people posted when a launch date is announced.

Now let’s take a look at what the project has to offer.

I have learned that Al Rehmat Project is a fully developed commercial setting, offering semi-commercial and commercial 4-marla and 5-marla plots. For your convenience, these plots are being offered on instalments spanning 1.5 years.

It is also being said that the Lahore Development Authority (LDA) has approved the project (approval number: DMP-II/7657). However, things will become clearer once the project has been officially launched.

Currently, the plots being offered in the market are those of the dealer quota. Please see the table below to have an idea of the payment plan of the commercial plots in question:

Bahria Town sells its projects through its registered dealers. So, I don’t think there is any harm in booking a plot through a registered agent.

Who should consider this opportunity?

Al Rehmat Project is a promising development for all those industrialists who are on the lookout for commercial plots in Lahore’s prime locations. On the other hand, property investors can also consider this project to bag good returns in the short term. These plots are available on a first-come-first-served basis, which means you need to make the move right now.

It is expected that possession of these plots will be handed over within six months. However, Bahria Town has not given its official word in this regard. Road infrastructure for the project is complete, and according to my sources, Bahria Town has been carrying out development work on this project since April 2015.

What do you people think of this project? Sound off in the comments!