When a project is new and in its initial launching stage, it becomes the talk of the town as everyone is eager to know more about its offerings and how it may fare in the future. Although Bahria Town Karachi (BTK) has been around for a while, new projects situated inside it keep popping up, including Bahria Sports City, Bahria Farmhouses, and Midway Commercial, among others. Needless to say, this helps retain investor interest in BTK as a whole, and the project keeps making headlines.
Let me tell you all about the latest BTK announcement and give you an idea of how it’s faring in Karachi’s real estate sector.
Attention investors!
Investors of all BTK projects, including Bahria Sports City, Bahria Farmhouses, Midway Commercial, Quaid Block, Ali Block, and Bahria Heights, have been asked to pay their pending dues by March 15, 2016 in order to get allotment numbers for their respective apartments, houses, or plots.
The society’s management has stated that bookings that still have unpaid dues will be cancelled. Although the cancellation procedure has not been specified yet, precedents suggest that after a booking is cancelled, the investor may apply for a refund. Usually 25% of the paid amount is deducted and the remaining balance is given back to the investor.
However, since BTK is arousing substantial interest, I don’t think investors would want their bookings to be cancelled. Hence, all those with pending dues better hurry up and pay by the due date!
For those that have paid, read on to see how your investment is faring at the moment.
BTK’s current performance
While investor activity and price performance declined slightly during the past few months, it has significantly picked up again, just in time for spring. According to Munaf Shaukat Ali from Takaful Estate, BTK is doing very well and has bright future prospects, although slight price fluctuations can be expected.
Ali added that announcements regarding possession in Ali Block, Quaid Block, and the Overseas Block are expected in March. This will significantly boost investor activity. As for investment suggestions, he said that it depends on a number of factors, such as the amount of capital available, investment intentions, and holding power. According to him, Quaid Block and Bahria Sports City are both doing very well and can be ideal investment choices.
Development work in most parts of BTK is underway at a fast pace and is nearing completion. Blocks 1 to 20 are nearly 60% complete.
Thus, according to Ali, BTK will probably make investors very happy in the future and slight glitches are nothing to worry about.
That’s the latest scoop on BTK! Looks like the society is turning out to be a chocolatey delight! So pay up investors, you have about two weeks left.
If you wish to share your views on BTK with me, please do so in the comments section below.
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Good article . I m sure BTK must be doing good. But what I want to ask you is …what impact of BTK development u see on DHA city. We all know that last year DCK did wonders and produced 100% gain. Now if BTK kicks up …will it down DCK. ..Don’t u see a tough competition. ..and who do u see winner
Poorest position in the market in terms of prices/gain, people are paying for 2.5 years and are forced to pay despite constantly decrease in behria file value, now after paying for 2.5 year to bahria town without allotment from behria town, they now announces to cancel all property files who have not payed only 2 installments out of 11.
people have payed their life income (9heavy installments out of 11) for 2.5years despite bad position in the market. its a shame to Malik Riaz how can they cancel files and hold the money for 10months leaving every body in huge losses.. its a shame for such a huge corporation for not taking care of their clients interests…
this is unjust,unlawful,unacceptable,
Mr. Malik Riaz Sb, bu doing this your organization is gonna loose market and peoples trust in Bahria
Why not u talk about Golf city where people would have to bear loss, quite substantial, if they want to pull out. If you compare Price with a same size plot within BTK, Golf plot is 150 percent dearer. This is a huge difference. A 500 sq yd plot launched for 85 lacs with initial down payment requirement of 22 lacs and quarterly installment of almost 4 lacs. Was it a gold mine or a gold ditch ! No relief in sight, Bahria I believe should review the launch price.
When there will balloting in bharia town karachi
Does any one know the location of bahria sports city and what will be the future of this
Any idea about Bahria town Karachi sports City beginning of instalments?
I read articles for Mr. Mahmood regarding Behria golf city plot price is high and still some plot is going in negative price. I am overseas Pakistani my hard earn money invest in golf city and I am sure within five year who are invested in golf city more than double or triple figure his investment profit return back. If Behria done as per his planning to development the place I am sure it is good place to living. I am also living in golf place and I know life feel like dream but hope Behria same things they will do development in golf city promise to us.
Is it confirmed officially that balloting of BS City will be done on 1st installment on June 15th ,2016 ? Would there be any impact of balloting on prices of the project ?
Poorest position in the market in terms of prices/gain, people are paying for 2.5 years and are forced to pay despite constantly decrease in behria file value, now after paying for 2.5 year to bahria town without allotment from behria town, they now announces to cancel all property files who have not payed only 2 installments out of 11.
people have payed their life income (9heavy installments out of 11) for 2.5years despite bad position in the market. its a shame to Malik Riaz how can they cancel files and hold the money for 10months leaving every body in huge losses.. its a shame for such a huge corporation for not taking care of their clients interests…
this is un just, unlawful, unacceptable
Mr. Malik Riaz Sb, your company will loose market by doing this and peoples trust in your organization.