For a while now, real estate activity in Bahria Town Lahore hasn’t been able to regain the momentum it used to have. There are many factors that may have convinced property owners and investors in Bahria Town Lahore to stay idle during this time. The missing southern loop of the Lahore Ring Road in the south, Bahria Town’s complete focus on its Karachi projects and an overall slowdown in the real estate sector of Pakistan since the first quarter of 2014 are some of the reasons why rates and activity in Bahria Town Lahore are depressed. Nonetheless, Zameen.com has noticed some interesting stats during the first quarter of 2015 for both houses and plots in this unique suburban locality, so let’s have a look.
Price trends of Bahria Town Lahore houses in Q1 2015
According to Zameen.com’s stats, Bahria Town Lahore houses saw a decline in their average value in the first 3 months of 2015. Despite being marginal, the price drop indicates that investors do not find the ROI of these houses very convincing at the moment. Please note that in the absence of an easy and direct route to Bahria Town Lahore, tenants also find the locality less practical when it comes to living on rent, which is why average monthly rentals there can be as low as PKR 28,000 for a 5-marla house.
Visit this page to have a look at houses for sale in Bahria Town Lahore.
Per Zameen.com’s stats for Q1 2015, the average sale price of a 5-marla house in Bahria Town Lahore dropped from PKR 7,745,000 in January 2015 to PKR 7,613,626 in March 2015, a price drop of 0.92%. The sale price decrease percentage for 10-marla houses was roughly the same, and their average sale price as of March 2015 was PKR 13,904,756. The average sale price of a 1-kanal Bahria Town Lahore house has dropped from PKR 32,154,545 in January 2015 to PKR 31,580,556 in March 2015 by registering a price drop of 1.82%.
Price Trends of Bahria Town Lahore plots in Q1 2015
Unlike houses, sale prices of plots in Bahria Town inched up in Q1 2015. Interestingly, the price rise seen in bigger plots was also higher. If you compare plots and houses, investment in the former is always easier since they don’t require any maintenance and, in case of projects as reliable as Bahria Town, the investment is also safe in all aspects.
You can also browse Zameen.com’s listing pages for plots for sale in Bahria Town Lahore.
As the tenure of the provincial government progresses, real estate developers and investors in Lahore have also become more hopeful about seeing the Lahore Ring Road completed, but as always there are also naysayers who think there is little chance of that happening anytime soon. Regardless of the timeframe, whenever proper construction work begins on the southern loop, Bahria will probably be the first locality to see heightened investor interest.
Per Zameen.com’s stats, the average sale price of a 5-marla residential plot in Bahria Town Lahore has increased from PKR 3,264,459 in January 2015 to PKR 3,343,120 in March 2015, which is a price rise of 2.41%. The average price rise of a 10-marla plot there has increased by 4.78% during Q1 2015 and as of March 2015, a 10-marla plot in Bahria Town Lahore costs PKR 5,489,489 on average. For 1-kanal residential plots, Zameen.com has noticed a price rise of 4.79% across the quarter, with the average sale price recorded in March 2015 being PKR 11,040,541.
So, armed with this information, I would recommend you keep a close eye on developments – particularly any news on the Lahore Ring Road – and act as soon as you see any concrete signs of activity in the area.
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Dear Samra
Is there a similar analysis of of DHA karachi as well ?