{"id":17670,"date":"2015-11-30T17:44:23","date_gmt":"2015-11-30T12:44:23","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=17670"},"modified":"2017-12-11T12:30:33","modified_gmt":"2017-12-11T07:30:33","slug":"bahria-town-karachi-to-reschedule-property-transfer-fees","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/bahria-town-karachi-to-reschedule-property-transfer-fees.html","title":{"rendered":"Bahria Town Karachi to reschedule property transfer fees"},"content":{"rendered":"

\"Home-Prices-Transfer-Fees\"<\/a><\/p>\n

And here comes yet another blow to investors. Bahria Town Karachi<\/a>, a project that has been facing various controversies over the last few months, is likely to see further dips in prices very soon. This time around, Bahria Town itself will play havoc with investor sentiment by increasing property transfer fees, which means that investors will now have to shoulder an additional onus of charges.<\/p>\n

Without further ado, let me share details of the revised transfer fees with you. Please see the table below:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Project<\/strong><\/td>\nSize<\/strong><\/td>\nRevised General Transfer Fee<\/strong><\/td>\nRevised transfer fee in death instances<\/strong><\/td>\n<\/tr>\n
\u00a0<\/strong>\u00a0<\/strong><\/p>\n

Residential Plots<\/strong><\/td>\n

125 square yards<\/td>\nPKR 15,000<\/td>\nPKR 10,000<\/td>\n<\/tr>\n
250 square yards<\/td>\nPKR 42,000<\/td>\nPKR 22,500<\/td>\n<\/tr>\n
500 square yards<\/td>\nPKR 55,000<\/td>\nPKR 29,000<\/td>\n<\/tr>\n
1,000 square yards<\/td>\nPKR 85,000<\/td>\nPKR 56,000<\/td>\n<\/tr>\n
2,000 squares yards<\/td>\nPKR 195,000<\/td>\nPKR 101,000<\/td>\n<\/tr>\n
\u00a0<\/strong>Bahria Homes<\/strong><\/td>\n125 square yards<\/td>\nPKR 39,500<\/td>\nPKR 27,500<\/td>\n<\/tr>\n
200 square yards<\/td>\nPKR 46,500<\/td>\nPKR 32,000<\/td>\n<\/tr>\n
\u00a0<\/strong>Commercial plots<\/strong><\/td>\n125 square yards<\/td>\nPKR 115,000<\/td>\nPKR 57,500<\/td>\n<\/tr>\n
200 square yards<\/td>\nPKR 195,000<\/td>\nPKR 74,000<\/td>\n<\/tr>\n
250 square yards<\/td>\nPKR 225,000<\/td>\nPKR 106,000<\/td>\n<\/tr>\n
\u00a0<\/strong>\u00a0<\/strong><\/p>\n

Bahria Apartments<\/strong><\/td>\n

950 square feet (2-bedroom apartments)<\/td>\nPKR 34,500<\/td>\nPKR 27,500<\/td>\n<\/tr>\n
2,250 square yards (3-bedroom apartments)<\/td>\nPKR 65,000<\/td>\nPKR 49,000<\/td>\n<\/tr>\n
2,950 (4-bedroom apartments)<\/td>\nPKR 82,500<\/td>\nPKR 55,000<\/td>\n<\/tr>\n
Ali Block<\/strong><\/td>\n125 square yards<\/td>\nPKR 18,500<\/td>\nPKR 13,000<\/td>\n<\/tr>\n
Midway Commercial<\/strong><\/td>\n125 square yards<\/td>\nPKR 125,500<\/td>\nPKR 82,500<\/td>\n<\/tr>\n
Bahria Heights<\/strong><\/td>\n950 square yards (2-bedroom apartments)<\/td>\nPKR 50,500<\/td>\nPKR 37,500<\/td>\n<\/tr>\n
Quaid Villas<\/strong><\/td>\n200 square yards<\/td>\nPKR 73,000<\/td>\nPKR 50,500<\/td>\n<\/tr>\n
\u00a0<\/strong>Golf City<\/strong><\/td>\n500 square yards<\/td>\nPKR 50,500<\/td>\nPKR 37,500<\/td>\n<\/tr>\n
1,000 square yards<\/td>\nPKR 85,500<\/td>\nPKR 56,000<\/td>\n<\/tr>\n
2,000 square yards<\/td>\nPKR 185,500<\/td>\nPKR 120,000<\/td>\n<\/tr>\n
Precinct<\/strong><\/td>\n250 square yards<\/td>\nPKR 50,500<\/td>\nPKR 37,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Revised transfer charges will be implemented with effect from December 15, 2015. So, buckle up investors, you will now have to make investment decisions keeping these charges in mind.<\/p>\n

Genuine buying and selling will probably not be affected by this move. However, investors will certainly hesitate to funnel money in the locality. Even if they do not, they will probably invest for long term, rather than the short term, to bag good profits.<\/p>\n

While it\u2019s true that development work in Bahria Town Karachi is underway at a good pace, the developer really needs to polish its reputation and take immediate measures to win back investor trust.<\/p>\n

As we all know, the government is not helping the realty market in any way. By increasing property taxes and imposing withholding tax on bank transactions, it seems to be breeding uncertainty in the property sector. The increase in transfer fees by developers is just like adding fuel to the flame. Please note that Bahria Town recently increased transfer fees in Bahria Town Lahore and the Defence Housing Authority (DHA) did the same in DHA Lahore. The Lahore Development Authority, on the other hand, has decided to double the fee for urgent transfers. What a travesty that the property sector, which greatly contributes to the national exchequer, is being constantly plagued with one additional charge after another.<\/p>\n

If you are a Bahria Town Karachi investor or planning to become one, please share your views on imminent increase in transfer fees. Use the comments section below for further discussions on the topic.<\/p>\n","protected":false},"excerpt":{"rendered":"

And here comes yet another blow to investors. Bahria Town Karachi, a project that has been facing various controversies over the last few months, is likely to see further dips in prices very soon. This time around, Bahria Town itself will play havoc with investor sentiment by increasing property transfer fees, which means that investors will now have to shoulder an additional onus of charges. Without further ado, let me share details of the revised transfer fees with you. Please see the table below: Project Size Revised General Transfer Fee Revised transfer fee in death instances \u00a0\u00a0 Residential Plots 125 square yards PKR 15,000 PKR 10,000 250 square yards PKR 42,000 PKR 22,500 500 square yards PKR 55,000 PKR 29,000 1,000 square yards PKR 85,000 PKR 56,000 2,000 squares yards PKR 195,000 PKR 101,000 \u00a0Bahria Homes 125 square yards PKR 39,500 PKR 27,500 200 square yards PKR 46,500 PKR 32,000 \u00a0Commercial plots 125 square yards PKR 115,000 PKR 57,500 200 square yards PKR 195,000 PKR 74,000 250 square yards PKR 225,000 PKR 106,000 \u00a0\u00a0 Bahria Apartments 950 square feet (2-bedroom apartments) PKR 34,500 PKR 27,500 2,250 square yards (3-bedroom apartments) PKR 65,000 PKR 49,000 2,950 (4-bedroom apartments) PKR 82,500 PKR…<\/p>\n","protected":false},"author":14,"featured_media":17671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[2361,2360],"persona":[],"class_list":{"0":"post-17670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-bahria-town-karachi-transfer-charges","8":"tag-transfer-charges-in-bahria-town"},"acf":[],"yoast_head":"\nBahria Town Karachi to reschedule property transfer fees - Zameen News<\/title>\n<meta name=\"description\" content=\"And here comes yet another blow to investors. 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