Post 25/30: Prices of plots in Phase 8 Extension, Bahria Town, during the past six years

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, “Bahria Town Rawalpindi Phase 8 Extension Prices Comparison | Latest Updates” on the channel “Advice Associates”

The host shares the prices of Bahria Town, Phase 8 Extensions during the years 2018, 2020, and 2024. In 2018, prices of 10 marla plots ranged from 18 lacs to 23 lacs. In 2020, prices of 5 marla plots were in the range of 37 lacs and 10 marla plots were available in the range of 55 lacs. In about 2021, prices of 5 marla plots were in the range of 18 lacs and 10 marla plots were in the range of 28 lacs. In 2024 (September), 5 marla plots were available in the price range of 12 lacs, 8 marla plots were available in the price range of 14 lacs, 10 marla plots in the price range of 19 lacs, and one kanal plot was available in the price range of 35 lacs. These prices are without development charges. For instance, a 5 marla plot with development charges may reach to a value of 20 lacs. In the same way, 10 marla plot has additional development charges of about 13 lacs.

One of the biggest reasons is the addition of “provisional numbers” in the policy of Bahria Town (for instance, the number of plots may change, according to provisions). Another reason is the problem of developmental charges that is difficult for many people to pay.

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Sources:

Advice Associates - https://www.youtube.com/watch?v=ZrOorOx_Xog