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I believe Bahria Town prices will increase because CDA cannot start any development work in upcoming years due funds and corruption and lack of electricity and people who interested to live in Islamabad and good life style will invest in Bahria Town
I only see reason to shoot prices up in Bahria Town in developed phases.
Do you not think DHAI 2 is a competitive or probably a better option than Bahria Phase 1-5 in terms of prices and living standard plus the assurance of being a public body?
Makes sense! DHA is not getting anywhere with their sluggish development work and they failed to deliver. At this time, there is no better housing scheme than Bahira Town and I will not be surprised if the prices go high over time but when they go up by 1-2 mils in a matter of weeks, I'll be asking questions like these. :)
Fewer and fewer plots are available in phase 1-6 each year so prices are high. However, for investment I think it would be better to invest in phase 8 with a 5-10 years view as that will yield better returns.
I don't think there will be a short of supply... it's more than ever. Look at DHAI2 and its extension, then Bahria Ph 8 and 9 and then Bahria Enclave and Golf City in zone 4 and accelerated private housing developments in Zone 2 and near airport.
Islamabad is expanded like anything from all sides. Can you really expect there will be less good options in future. No I don't think so, even if you make the point of developed phases, they are on the threshold, won't go much beyond it.
I was talking about short supply of plots in BT 1-6 only... which maybe pushing prices up in that area otherwise cheaper plots are available elsewhere.
You would probably be right but how long has it been that these phases were delivered... years now but still they ain't fully populated. Even the boom time couldn't populate them fully, its less likely that they get populated now on an accelerated rate.
I would second MBS, and at the same time if you be aware that its the Society its self that owns the plots and time higher rates are demanded to set precedence to uplift the market price.
So better be very careful and dont let anyone rip you.
Most of the plots in phase 1-6 are sold out years ago and the people who own them are demanding these rates not Bahria Town. I think the only profit BT makes in sale/purchase of these plots is the transfer fee so assuming that BT would do something to increase the market price should be pointless. What I've seen recently is that there are very less plots available in phase 2 for constructions and too many houses being developed at the moment so that could be one reason for the price hike but I also heard that DHA prices are going up as well (enough to raise some eyebrows).
