I have been receiving emails for my recommendation about Bahria Town Latest and new projects – Bahria Town Karachi Projects and Bahria Green Valley, Lahore. I thought to share my views about both of these projects through blog so here it goes.
Bahria Town Karachi projects
Bahria Town has recently announced an array of projects for Karachi.
- Bahria Town Icon – Pakistan’s Tallest Building Plan (62 Storey Building)
- Bahria Town Tower – 24 Storey Building at final stage of completion
- Bahria Town Karachi – Master Planned Community (Villas and Plots)
It is very difficult to say anything about Bahria Town Karachi upcoming projects as no information regarding the rate, payment plan and possession date is available yet. For Bahria Town Karachi, (as per Bahria Town’s track record) there has been no word about the location of this project. It is obvious that it would be out of the city.
I understand Bahria Town itself is not clear so it is asking for registration first. It is kind of a feeler to understand the demand as well as to collect huge funds. About 8 years ago Bahria Town started same strategy when it sold 85,000 Home Plus Cards and charged Rs .6,000 ( US$100) with a commitment that the card holders will be receiving the application forms of upcoming projects at their door steps. It was January 2005 when Home Plus cards project was launched. Do you have any idea when was an upcoming project launched? 16 months later, on 22nd March, 2006, Bahria Town started sending application forms of its Awami Villas project to Home Plus Card holders.
If we consider the track record and strategy of Bahria Town, the actual launch of Karachi projects would be after a year or so. This registration scheme will also help BT to understand the trend of investors of Karachi and the demand for these projects. This demand would be the main factor for pricing the project and payment plan.
Karachi is the business hub of Pakistan. Bahria Town cannot afford to ignore its market and investors. Contrary to that, Karachi also needs these kinds of safe, secure living and business atmosphere which Bahria has planned to provide. As mentioned above, Bahria Town would take around a year or so to present some actual project plan. It will, in the meantime, play with the funds received from registration. I hope that Bahria Town will flourish in Karachi but it should be considered a long term investment.
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The picture of bahria town karachi project is not clear like other projecst and I totally agree with Mr. Hussain that it would take around a year or so to present some actual project plan.