Bahria Town recently launched Bahria Orchard’s Phase IV in Lahore, and the project has been witnessing a massive response from investors right from the get-go. And this begs the question: is it safe to invest in this project?
At present, 10-marla and 1-kanal residential plots, along with 5-marla and 8-marla commercial plots, are up for grabs in the locality, on instalments spread over 26 months.
Here is the payment plan for these plots:
|Plot type||Processing Fee||Down Payment||Instalments (Nine Quarterly Instalments)||Total Price|
|10-marla (Residential)||PKR 11,000||PKR 1,250,000||PKR 427,000||PKR 5,110,000|
|1-kanal (Residential)||PKR 21,000||PKR 1,650,000||PKR 716,600||PKR 8,121,000|
|5-marla (Commercial)||PKR 30,000||PKR 3,000,000||PKR 1,500,000||PKR 15,030,000|
|8-marla (Commercial)||PKR 50,000||PKR 4,500,000||PKR 2,250,000||PKR 22,550,000|
I have heard that the 1-kanal plots are being traded in the market on a profit of PKR 350,000. According to sources, Bahria Town has already acquired land for the project and development work has also begun. A 150-feetwide road is being developed to connect Bahria Orchard’s Phase III with Phase IV.
Furthermore, it is expected that Bahria Town will offer possession of 1-kanal plots within six months and the master plan for 10-marla plots will also be rolled out within the same period. However, there is no official word from Bahria Town in this regard.
The society will be located on Raiwind Road, opposite Bahria Orchard’s Phase I, and will be easily accessible from the Lahore Ring Road (LRR) interchange, which is to be developed at the Adda Plot on Raiwind Road.
From what I can tell, Bahria Orchard’s Phase IV seems like a good investment given the current scenario. But if you invest here, you should hold your investment for the long-term, as short-term trading might not prove to be much fruitful. I believe that plot prices in this society will increase manifold after LRR is completed.
Have a question about the society? Throw it my way in the comments section below.