You must have heard from many that the prevailing market conditions are the most suited to genuine buyers and end users looking to purchase property for either rainy days or immediate use. This notion rests on the fact that, in the absence of robust investment activity and the consequent lack in demand, property rates across all major projects in Lahore has dropped. And this includes Bahria Town as well.
So could right now be the time for some of you to purchase your dream home in Bahria Town Lahore? Let’s find out!
Market demand
According to Imran Rashid of My Venture, genuine buying and selling can continue in any project, despite how investors respond to different situations. For many such buyers, property in Bahria Town now is not completely out of reach anymore.
With rates dropping, and the owners of available units waiting anxiously for potential buyers, it’s only natural for these buyers to take their sweet time before they close a deal. Rashid has observed the same where demand is currently high for 10-marla residential plots. He is also expecting that the construction of many new houses will begin soon in Bahria Town.
When asked about the popular blocks among these buyers, Rashid said that rather than being focused on a particular block or plot, the buyers are after scoring the deal at better rates.
Buying trends
Like mentioned earlier, buyers don’t have a particularly favourite block for finding a better deal. However, one thing is apparent; category plots enjoying prime locations have fewer buyers. So naturally, normal plots with modest price tags are preferred over corner or park-facing plots. And as Rashid said, the popular plot size is 10-marla. With rates mostly static for a while now, some experts believe that waiting for further drops in rates is not advisable as no major decline is expected.
Please note that that the end users are only interested in on-ground plots for which immediate property possession is available.
You can get the overview from Zameen trends for plots in Bahria Town Lahore to have a better idea on which pages get higher traffic. As per the stats recorded in April 2018, the top three most popular blocks were:
- Sector F
- Sector E
- Sector C
The competition among these has been high as both Sector E and F scored 100 popularity index point while Sector C scored 90. Monitoring these trends can help you keep a close tab on the market and read its pulse.
Price trends
The lack of investment activity hasn’t really convinced genuine buyers to refrain from purchasing a property in Bahria Town. What just changes is their role as the major player when it comes to negotiation. In other words, the asking price of property units in this particular project that boasts ace infrastructure, a secure bound and an array of tempting features can be higher by PKR 1 to 1.5 million than the rate on which the deal actually concludes.
A look at market rate
Having a look at the rates given here under will give you an idea on how wide the price range is. Please note that lower rates are for regular residential plots and the higher ones are for those having prime locations.
| Plot size | Price Range (PKR) |
| 5-Marla | 4,000,000 – 6,500,000 |
| 10-Marla | 5,500,000 – 10,000,000 |
| 1-Kanal | 10,000,000 – 17,000,000 |
If you are planning to purchase property in Bahria Town to score great bargains and have some questions in this regard, let us know through your comments.
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