Bahria Town Karachi is one of the hottest properties in Karachi right now. We have covered the different paths that investors should take when it comes to this project, and now I want to tell genuine buyers how they should go about investing in the project.
Bahria Town is perhaps the cheapest locality in Karachi if you want to buy a house. This might be an indicator to some that houses here are higher in demand than apartments. Surprisingly, this is not true. I have learnt that there is no big difference in the number of people eyeing homes in Bahria Town Karachi, when compared to people looking at apartments. This balance in demand is also reflected in the averaging asking price, which continues to fare strong for both categories.
This includes Precinct 1, also known as the Overseas Block, Precinct 4, Precinct 6, Precinct 10, Precinct 11, Precinct 12, also known as Ali Block, and Quaid Villas.
The fact that many buyers with varying budgets are tempted to buy property here says a lot about the quality and range of lifestyle amenities that the project offers.
A look at prices
Precinct 1
Precinct 1 or Overseas Block is located close to the Jamia Masid and it features 250 and 500 square yard plots. At the moment, many families live here, and many more are constructing their houses. The average market rate of these plots is many times higher than the launching price offered on instalments.
| Plot Size | Launching Rate | Asking Profit | Average Market Rate |
| 250 square yard | PR 3,600,000 | PKR 6,500,000 – PKR 7,000,000 | PKR 10,350,000 |
Bahria Apartments
Possession for Bahria Town Apartments is available in Tower 1, 2, 3 and 5. These apartments are also known as old 2-bedroom apartments because they were one of the oldest booking done by Bahria Town in its Karachi’s project. Since the options available in Bahria Town apartment are limited, the average market rate is now much higher than the booking price.
| Apartment Type | Launching Rate | Asking Profit | Average Market Rate |
| 2-bedroom | PR 2,200,000 | PKR 3,800,000 – PKR 4,000,000 | PKR 6,100,000 |
Precinct 4
It only features 500-square yard plots. The asking profit on these plots is so far the highest among all BTK projects in Karachi, where property possession has been granted. This precinct is located close to the Grand Jamia Masjid. Compare the market rates of these plots with that of same sized plots in posh and central areas of Karachi, and you will learn that prices here are more reasonable.
| Plot Size | Launching Rate | Asking Profit | Average Market Rate |
| 500 square yard | PR 5,500,000 | PKR 8,000,000 – PKR 8,500,000 | PKR 13,750,000 |
Precinct 6
Like Precinct 4, this area also lies near the Grand Jamia Masjid. The developer has ensured that the area surrounding Jamia Masjid is ready for possession on time to allow people to benefit from this facility. This precinct features 250-square yards and 500-square yards residential plots. The asking profit of 250-square yard plots is higher than that of 500 square-yard options.
| Plot Size | Launching Rate | Asking Profit | Average Market Rate |
| 250 square yard | PR 2,800,000 | PKR 4,000,000 – PKR 4,500,000 | PKR 7,050,000 |
Precinct 12
The only block that exclusively features 5-marla residential plots with possession, is Precinct 12 – also known as Ali Bock. It is fairly popular among end users. At the moment, and compared to property rates in other blocks, market rates here seems reasonable.
| Plot Size | Launching Rate | Asking Profit | Average Market Rate |
| 125 square yard | PR 3,000,000 | PKR 1,000,000 – PKR 1,500,000 | PKR 4,250,000 |
Quaid Villas
This block features ready-made villas ranging from 125 square yards and 250 square yards. Possession for this block was granted recently. The asking profit on these villas is almost equal to the launching rate.
| Villa Size | Launching Rate | Asking Profit | Average Market Rate |
| 200 square yard | PKR 7,500,000 | PKR 7,000,000 – PKR 7,500,000 | PKR 14,750,000 |
Precinct 10
Possession for 200 square yard villas has been granted by Bahria Town in this block. The asking price, which is now much higher than what it was when the villas were launched, is proof that these homes enjoy sound demand in the market. Looking at the construction quality of these units, the current market price does not seem like it is too high.
| Villa Size | Launching Rate | Asking Profit | Average Market Rate | |
| 200 square yard | PR 4,500,000 | PKR 5,000,000 – PKR 5,500,000 | PKR 9,750,000 |
Precinct 11
Property possession for 125 square yard villas has been offered here. Like 200 square yard villas in Precinct 10, the market demand for these villas is high. At an average rate of over PKR 8,500,000, their asking price is comparatively higher.
| Villa Size | Launching Rate | Asking Profit | Average Market Rate |
| 125 square yard | PR 4,200,000 | PKR 4,500,000 – PKR 5,000,000 | PKR 8,950,000 |
Which Precinct to pick?
Genuine buyers are more interested in buying plots, villas or apartments that boast better locations. By better we mean those closer to the society’s main entrance on the Super Highway, as well as the active commercial and recreational facilities. In addition, blocks enjoying higher occupancy rates also end up being the preferred places to buy homes and plots.