Though many investors of Bahria Enclave II are mystified about Bahria Town’s plans to cater to their investments, long-term prospects of the society must not be overruled. I am not being biased in favour of Bahria Town, but as we know Bahria Town is a renowned developer and has kept its promises in the past, Bahria Enclave II investors should not find themselves helpless in the end.
Bahria Enclave II certainly has no defined location and thus no map as of yet, which means there is not even an ounce of development in the locality. And of course, its investors are worried because of Bahria Town’s perceived apathy in this regard. However, according to Nexus Estate Services Chief Executive Officer Mr Muhammad Afzal, those fortunate people who had booked any units in Bahria Enclave I now have the option to merge any further investments they had funnelled into Bahria Enclave II with their existing Bahria Enclave I bookings. Those who cannot avail this opportunity right now should not lose heart – they will get their returns in future, God Willing.
Mr Afzal also says the prices of properties in Bahria Enclave II are currently showing a downward trajectory. A 5-marla file that had been booked for Rs 955,000 now hovers around Rs 415,000. Similarly, the prices of 10-marla and 1-kanal files are also following a downhill trend.
But this does not announce the failure of the society at all, as Bahria Town cannot afford to see its goodwill impaired in the market. Let’s hope that the developer will announce some positive news about Bahria Enclave II very soon.
That’s all from me on the subject right now. If you want to add up to the information that I have provided in the post, please feel free to do so in the comments section below.
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Thank you Zain for updates. Can you please update that in recent, Bahria Enclave 2 was given the CDA NOC, so for what location it was as there is no land available for BE2.
Please also update I have listened that management of BE allowing to adjust the amount of already purchased 5 marla(with one or two paid installment) in a file available around 5 lac of 5 marla of BE2. please confirm
Dear Mr Javed,
What you have heard is correct but it has a context. Bahria had invited investors/dealers to book Enclave-II plots in clusters allowing them a 20% profit margin. For example, a 10 marla plot launched publicly at Rs.9 million was given to investor/dealer at Rs.7.5 million. The investor/dealer thus became Bahria’s marketing team and further involved several sub-dealers by sharing part of this profit. The hype so created resulted in over-booking. Plots are now selling at a discount. Bahria decided to allow mergers, initially of 5 marla plots by charging a fee of Rs.25,000/-. It means to retrieve investment of Rs.955,000/- which has dwindled to half, one invests another half a million to buy a second 5 marla plot to ultimately get ONE plot as and when it becomes available.
Bahria town management have never announced BE2. We have never noticed in any newspaper anything about BE2. So how the people invest and where.
What is the rate of 10 marla plot in Bahria enclave ii.is there any installment plan.
Could you please also tell us the prospects of investment in Bahria Enclave – I
Bahria Enclave-II is like “a blind man in a pitched dark room looking for a black cat which is not there”. What to speak of Enclave-II, investors in Enclave-I have not been given the promised possession yet. Their original plots in developed sectors have been given to favorites while they are relocated to sectors yet to be developed, God alone knows when, some having been pushed to almost the Simly Dam area.
Bahria “used to” deliver; it now sells goodwill. It’s a game of stock brokers, pure satta.
I believe that Bahria Twon’s management all attention has shifted to Karachi only and their all exertions for Karachi Projects Development as they have big support from MQM over there and even I think they are stake holders in Bahria Town Karachi Projects, whereas their Projects in Punjab and Islamabad are lying dead and unattended, you see how fast development is going on in Karachi.
For an example, they launched a Project near Lahore name “BAHRIA EDUCATION AND MEDICAL CITY” in May, 2011. That time in the advertisement of this Project; they promised possession in 1 Year and payment would have to made in 30 months supposed to be finished in Nov,13 after this date their Development works is almost zero so the Project is dead. I have no doubts in their Professionalism and motive. I think ! The reason is the same as I mentioned above in my 1st paragraph and nothing else.
I am looking for property for Sale in Bahria Enclave 2, Bahria Town. Please let me know about any suitable properties you have. Thank you.
Property is down what is exact price for 10 marla and one kanal price. Please reply personel email. Thanks
Ayub