Situated between precincts 34 and 45, plots in Bahria Sports City were launched in January 2016. Bahria Sports City was a rather unique initiative even by Bahria Town standards as it offered plots and villas on a four-year payment plan and, as its name suggests, extensive sports facilities were to be included in it.
Details on the project
Bahria Sports City comprises of 11 precincts from Precinct 34 to Precinct 45. Precincts 34 to 37 are more popular and have garnered greater investment. It is these plots which have direct access to Jinnah Avenue, and are situated quite near the cricket stadium. These precincts have also seen more development since precinct 35 is where villas are located and these are to be developed and constructed by Bahria Town themselves.
Story of ups and downs
Despite its rather exclusive character, its story has been that of ups and downs. It was expected to create an investment frenzy, but it didn’t quite work out that way and its market was relatively slow at first because of its high prices. Then, when development here began in earnest and people saw how extensive its development was going to be and saw the value of the location of some of its precincts, the interest surged there.
Part of the reason for that surge was the launch of Bahria Paradise, Bahria Paradise’s plots were thought to be high-priced as well, while Bahria Sports City’s plots had justified themselves in the meanwhile and people found it a lucrative option to consider for investment.
Now according to Fahad Ali of Ali Estate & Builders, the market is relatively dull. The prices which had risen very high, are reduced. The general situation throughout several precincts is that the prices have gone below their launching prices except in Precinct 34, which is still doing pretty well.
The reason behind this, according to Ali, is that there have been some land issues in Bahria Sports City. The situation is unclear to what is the nature of these issues or how much it has affected the market or the development and it is going to take time before the situation becomes clear.
Ali mentioned that it is possible that even the map for Bahria Sports City might be changed after these issues have been resolved.
What should the investors do?
The uncertain conditions in the housing scheme means that any short-term investment is not possible currently. On the other hand, once the issues are resolved – as they will be, everyone agrees on that – the prices which are in negative right now can shoot up. If they rise to even half the levels they were a few months ago, huge profits would be made.
So while short-term investment definitely is out of question, long-term investment can be considered after doing a proper research and in right places. In Bahria Town itself there are other lucrative options for investment that can considered – particularly Bahria Paradise was recommended by Ali.
Are you looking to invest in Bahria Sports City? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Zameen Forum for a detailed discussion.