Bahria Town Karachi is the fastest growing housing scheme today with new commercial as well as residential projects being launched every day. Let’s take a look at these newly launched projects, and analyse their growth potential, success, and demand.
Commercial Projects in BTK:
A large number of commercial projects are already under progress in Bahria Town Karachi. Starting off with Bahria’s Entrance, a number of commercial plots are located on the left side. In fact, several commercial projects have already been completed here, also known as Side B. The types of commercial projects includes:
- Theme parks
- Food and restaurants
- Car show rooms
- Academies
- Other related projects
Such projects have already reached their completion phase with the commencement of business activities on these projects. Two major factors contribute to the success of these commercial schemes. One is the high demand for such schemes, and the other is the easy file adjustment.
The commercial projects are extremely fast-paced, with new projects launching every day. Each new project is bigger than the former commercial scheme.
Residential Projects in BTK 2021:
Bahria Town’s high-tech infrastructure facilities, and Pakistan’s annual requirement for houses makes Bahria an extremely successful housing scheme, when it comes to commercial as well as residential projects. A huge number of residential projects are also springing up on a daily basis.
Approximately 20 000 properties have already been sold which includes:
- Houses,
- Villas
- Apartments
Additionally, in every precinct, new villas are under construction. People are investing, and looking forward to the smaller projects such as villas, instead of the larger ones, since they desire to move to Bahria Town as quickly as possible.
The price of residential projects is increasing because of the high demand but reduced supply. It is evident that people who own and initiate the smaller projects are likely to be more successful because of the high demand of completed projects in this well-known housing scheme.
The larger projects require at least 5 to 6 years for their completion. This includes the apartments, and larger residential buildings. On the contrary, the smaller projects such as villas, and small housing schemes are more likely to be completed in a time span of 3 years.
Once these projects have been completed, they can finally be ‘consumed’. This means the construction phase is the most difficult because these projects will rea benefits after 3 years.
Residential and Commercial Projects:
People are looking for constructed villas, houses, and completed apartments where they want to move immediately. Consequently the demand for the smaller, or projects that have already been completed is higher compared to projects that are still under construction. This means people who own completed projects in Bahria Town are more successful.
This is evident from the large number of families who have already moved to this housing scheme, and the quick progression of the projects.
On the other hand, the larger projects will reap benefits after their completion. The demand for completed projects is already high, and it will continue to rise with time. Therefore, the prices for the completed projects will also continue to increase within the next 3 years.
At the moment, the prices of properties in Bahria Town are not stable. They will continue to fluctuate until the completion of the projects under progress. The quicker a project is completed, the higher its chances of success. Plus the prices of the quickly delivered projects will also be more stable compared to the ones that require a longer time.
The additional benefit of a small project is that even if a problem arises, the end result of the project remains unaffected.
All investors working in Bahria Town are committed, and working with well devised plans. This means Bahria Town has a great growth potential in the upcoming years.