What to buy in Bahria Town Rawalpindi in 2014? - Zameen News

What to buy in Bahria Town Rawalpindi in 2014?

February 26, 2014 • news

What to buy in Bahria Town Rawalpindi in 2014

For making an investment decision in cities other than Karachi, Islamabad and Lahore, investors have limited options in terms of sound housing societies. With renowned developers looking to venture the smaller cities of Pakistan, we expect growth in property markets of these cities. If we look at investment options in Islamabad and its less hip twin, Rawalpindi, Bahria Town emerges as one of the best localities. For those planning to cash on rising value of real estate in the twin city of Pakistan’s capital, Bahria Town Rawalpindi is perhaps their only choice. But what should they buy in Bahria Town Rawalpindi in 2014? We might just have the right answers for you.

In the last one year, a sharp and shocking rise was witnessed in sale price of 5 and 10 Marla residential plots in Bahria Town Rawalpindi. According to statistics maintained by Zameen.com, a 5 Marla plot that had an average asking sale price of Rs. 1,484,194 back in January 2013 jumped to Rs. 3,243,899 in January 2014, which is a 118.56% rise in just one year. Now, if we compare the current average sale price of 5 Marla residential plots in Rawalpindi (Rs. 3,142,566) with that of similar plots in Bahria Town (Rs. 3,243,899), there is a difference of 3.22%, which is pretty reasonable for a city like Rawalpindi. It is not hard to gauge that the present year would not have much pleasant surprises for those planning to invest in smaller plots of Bahria Town Rawalpindi.

Similarly, the average sale price of 10 Marla plots in Rawalpindi Bahria Town has increased by 105% during the last one year. The current value of these plots is Rs. 5,967,304 which is 2% higher than the average value of the same sized plots in the city. Although the figure suggests that the sale price of 10 Marla plots in Bahria Town has a fair margin to increase further but looking at the 105% rise recorded during the last 12 months suggest that rate of price hike of these plots will slow down in 2014. On the other hand, there are a limited number of bigger residential plots available in the prime areas of Rawalpindi. In Bahria Town too, the number of 1 & 2 Kanal plots are half the number of 5 & 10 Marla plots.

It is also interesting to note that value of 5 and 10 Marla plots in Bahria Town continues to rise in 2014 and these plots experienced no effect of the year end low real estate activity. On the other hand, average asking sale price of 1 and 2 Kanal plots has dropped in 2014. As per statistic of Zameen.com, average sale price of 1 Kanal plots in Bahria Town increased by 96.39% from January 2013 to December 2013. In January 2014, however, their sale price dropped by 14.70%, which was fairly in response to the year end low real estate activity. For 2 Kanal plots in Bahria Town, 2013 brought along a price hike of 56%, where as, their value dropped by 40% in January 2014.

Based on these findings, I foresee a rather good current year for bigger plots in Bahria Town since the percentage rise in smaller plots has reached its saturation point. There are perks of investing in smaller plots but for Bahria Town Rawalpindi, 2014 is the year for bigger plots. Let’s see how the things would unfold for the locality. If you think otherwise, please let me know.