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Hm, thanks all for precious replies. Well I agree with all of you I think so investors are also a part of that loss as I know people who purchased 10 or 15 files and they were thinking that it will give them a big profit but after announcing rates were not stable and for a 10 marla plot you have to pay 288000 after every two months. So it was not possible for them to pay that installment for 10 or 15 plots and they start selling it in loss.
Bahria is an isolated community we have a very simple example Bahria Town phase 1 which is 100 percent developed you can get a kanal plot there in 60 lac however in any of CDA old sectors you cant get a 7 marla plot in that price even in g-13 and g-14/4 you will get 8 marla or 10 marla plot in that price.
Dear Khalid, NOC is not the main reason as there lay out plan has been already approved so they will get NOC however case on Malik Riaz can be a big reason plus one thing else. Bahria is one man show and people always trust on government semi government organizations.
Sometimes i think that what will be future of Bahria Town after Malik Riaz.
I guess because bahria has not gotten an NOC from CDA yet for Bahria Encalve and also because there is a court case going on against Malik Raiz for land grabbing and I guess the most important reason no one is sure when Bahria Encalve will get completed.
I wonder is it the only reason that Malik Riaz playing one man show? I think there is complete real state mafia playing behind it. It's normal that in every Bahria sector they reduce the rates to 40-50% and start buying to earn profits. Property market is same like stocks.
Basically Bahria is a heaven for investors you know. Bahria is a hot cake for investors. Whenever a new project announced by Bahria in market everybody is talking about them investors make a hype in market but after a few months when they shifted there investment to another Bahria scheme the existing scheme stuck its rates.
Agree with you that one man show issue is also a big reason... but guess this reason is only valid for under development schemes like Bahria Enclave the Bahria schemes that are already developed e.g. Safari Villas etc. should not get affected by the one man show factor as Bahria is now a very big organization and have lots of qualified professionals running the show now.
Bahria downfall is because of mismanagement and one man show. He wants what he want to play. Again again imposing charges on allotted property and not completing the projects in time.
