{"id":41427,"date":"2018-08-20T16:40:26","date_gmt":"2018-08-20T11:40:26","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=41427"},"modified":"2019-05-20T04:57:56","modified_gmt":"2019-05-20T04:57:56","slug":"from-serving-investors-to-handling-genuine-buyers-the-bahria-orchard-update","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/from-serving-investors-to-handling-genuine-buyers-the-bahria-orchard-update.html","title":{"rendered":"From serving investors to handling genuine buyers; the Bahria Orchard update"},"content":{"rendered":"

The society has long been considered as the project meant for investors looking to flip property for short-term gains. The situation has gradually been changing. The fact that investors had maintained a low profile during the last couple of years means that property rates after dropping by well over 20% in Bahria Orchard, Lahore now tempt genuine buyers. If you have some stakes in the project, here is the latest update on all phases of the society.<\/p>\n

Phase I<\/strong><\/p>\n

This phase features five blocks and plots in sizes of 5-marla, 8-marla and 10-marla. It has been the prime phase among people looking to construct their homes in the past. Even today, those interested in constructing their homes among the established neighbourhood of Bahria Town, many buyers go for this phase. According to Ali Imtiaz of The Property Magnates, the demand for 10-marla plots is noted to be higher in Central Block. Those looking to construct a \u00a05-marla house in the society pick the Eastern Block. Here are the latest prices of residential plots in Bahria Orchard Phase I;<\/p>\n\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range in PKR<\/strong><\/td>\n<\/tr>\n
5-marla<\/td>\n2,600,000 – 4,000,000<\/td>\n<\/tr>\n
8-marla<\/td>\n3,800,000 – 4,700,000<\/td>\n<\/tr>\n
10-marla<\/td>\n5,500,000 – 6,500,000<\/td>\n<\/tr>\n
1-kanal<\/td>\n11,000,000 – 13,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Phase II<\/strong><\/p>\n

With prices jacked up due to high transaction volume recorded for in Phase I, the demand was poised to shift to Phase II. The phase is all developed, possession is available here throughout, and the best part is that rates here are lower compared to those in Phase I. Abdullah Mushtaq of Apex Group has noticed that the number of builders looking to construct houses in Phase II is increasing. The demand is currently seen high for plots in Block G and J. Here is the price range of property in Phase II.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range in PKR<\/strong><\/td>\n<\/tr>\n
5-marla<\/td>\n2,500,000 – 3,500,000<\/td>\n<\/tr>\n
8-marla<\/td>\n3,200,000 – 5,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Phase III<\/strong><\/p>\n

In terms of transaction volume, Phase III is the slowest of all phases. That\u2019s perhaps because despite the fact that development work here was completed a year ago, property possession hasn\u2019t been granted. In the last couple of years, property rates here have dropped by 30% and even this couldn\u2019t tempt buyers. It is believed that announcement of property possession will kick-start demand in this phase. In other words, the phase has to be ready to serve the interests of the end users in order to see any activity.<\/p>\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range in PKR<\/strong><\/td>\n<\/tr>\n
8-marla<\/td>\n3,300,000 – 3,800,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Phase IV<\/strong><\/p>\n

Development work is currently underway here in in Blocks G-5 and G-6, while work has been completed in all other blocks. It is commonly believed that the developer is looking to grant property possession in Phase III as and when the same can be done for Phase IV. Quite interestingly, property demand here isn\u2019t all down as some investors do find the phase good for long term investment after all. It could be because Bahria Orchard is to have Saudi German Hospital in Phase IV, work on which is to formally start soon. Mushtaq believes that Block G is great for investing in 1-kanal residential plots.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range in PKR<\/strong><\/td>\n<\/tr>\n
10-marla<\/td>\n4,500,000 – 5,500,000<\/td>\n<\/tr>\n
1-kanal<\/td>\n9,000,000 – 11,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

So, here is the latest about Bahria Orchard. Do you think the time is now right to buy a plot or two here for investment purposes? Let us know through your comments.<\/p>\n

And if you wish to consult further with an expert, give Abdullah Mushtaq of Apex Group a call on +92-300-428-8372.<\/p>\n","protected":false},"excerpt":{"rendered":"

The society has long been considered as the project meant for investors looking to flip property for short-term gains. The situation has gradually been changing. The fact that investors had maintained a low profile during the last couple of years means that property rates after dropping by well over 20% in Bahria Orchard, Lahore now tempt genuine buyers. If you have some stakes in the project, here is the latest update on all phases of the society. Phase I This phase features five blocks and plots in sizes of 5-marla, 8-marla and 10-marla. It has been the prime phase among people looking to construct their homes in the past. Even today, those interested in constructing their homes among the established neighbourhood of Bahria Town, many buyers go for this phase. According to Ali Imtiaz of The Property Magnates, the demand for 10-marla plots is noted to be higher in Central Block. Those looking to construct a \u00a05-marla house in the society pick the Eastern Block. Here are the latest prices of residential plots in Bahria Orchard Phase I; Plot size Price range in PKR 5-marla 2,600,000 – 4,000,000 8-marla 3,800,000 – 4,700,000 10-marla 5,500,000 – 6,500,000 1-kanal 11,000,000 – 13,000,000…<\/p>\n","protected":false},"author":18,"featured_media":38173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11051],"tags":[7900,5696,7902,7901],"persona":[],"class_list":{"0":"post-41427","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-property","8":"tag-bahria-orchard-lahore-rates-of-residential-plots","9":"tag-latest-update-on-bahria-orchard-in-lahore","10":"tag-performance-analysis-of-bahria-orhard-lahore","11":"tag-where-to-invest-in-bahria-orchard-lahore","12":"cat-11051-id"},"acf":[],"yoast_head":"\nFrom serving investors to handling genuine buyers; the Bahria Orchard update<\/title>\n<meta name=\"description\" content=\"The society has long been considered as the project meant for investors looking to flip property for short-term gains. 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