Monday, September 16, 2024

Post 11/30: Phase 8, Bahria Town, Rawalpindi, Pakistan - Prices in July 2024

 

(Source: BahriaTown.com)

I thought of learning about different aspects of Pakistan, as I want to do something for it. Therefore, I started with some of the well-known indices or reports that would help me in gaining more information about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan

Now, I have been learning about real estate business in Pakistan. I have started from Youtube videos and hopefully during my learning Journey, I will get some more useful resources to move ahead in this learning and perhaps entering into the real estate business.

I have seen a video, titled, “Real Estate Market overview - july 2024 / Bahria Town Rawalpindi” on the channel “Garrison Estate And Builders.”

The host starts with an interesting statement, “in the world, when everyone sells, buy it, and when every buys, sell it.”

The host shares that prices are constantly declining in the field of property for the past two years. For instance, property’s prices in 2024 have gone down to the prices equivalent to that of 2018’s. Therefore, according to the host, this is the best time to purchase a plot/property.

Bahria Town, Phase 8 can be good opportunity, in case you have a minimal amount. For instance, a 5 marla plot in that area can be obtained in the price range of 15 lacs; an 8 marla plot can be obtained in the price of 20 lacs; a 10 marla plot can be obtained in the price range of 25 to 30 lacs, and one kanal plot can be obtained in the price of 40 lacs. Probably, these prices are in the case of files. In the case of on-ground/physical plots, 5 marla plot is available in the price range of 45 lacs to 50 lacs. In the Rose Garden also, 50 lacs to 55 lacs are prices for plots of 5 marlas. In the case of 10 marla plots, prices may range from 65 lacs to 70 lacs. In the same way, one kanal plot is available in the price range of 1.25 to 1.35 crores.

The above prices are lower than the prices of plots that were about 2 years ago. According to the host, the prices will move towards betterment in the future.

Follow my Hashtag #behtareenkitalaash on Youtube: https://www.youtube.com/hashtag/behtareenkitalaash

Source:

Garrison Estate And Builders. - https://www.youtube.com/watch?v=8Kfi43LJCfY

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