Bahria Orchard Lahore has long been considered as a housing scheme for short-term gains by investors. However, the situation has slowly been shifting. Property prices after depreciating by over 20% in Bahria Orchard Lahore are now tempting genuine buyers.
If you are interested in investing in this society, here are latest updates.
Phase I
This phase includes five blocks and plots in sizes of 5-marla, 8-marla and 10-marla. In the past, it has been the prime phase among the people looking to construct their homes. Even at present, many buyers interested in constructing their homes among the established neighborhood of Bahria Town go for this phase. The demand for 10-marla plots is noted to be higher in Central Block. People looking to construct a 5-marla house in the society pick the Eastern Block. Here are the latest prices of residential plots in Bahria Orchard Phase I;
| Plot size | Price range in PKR |
|---|---|
| 10-marla | 4,500,000 – 5,500,000 |
| 1-kanal | 9,000,000 – 11,000,000 |
Phase II
The demand was poised to shift to Phase II with the surge in prices due to high transaction volume recorded for in Phase 1. The phase is all developed. Also, possession is available here throughout. And the best part is that prices here are lower compared to those in Phase I. The number of builders looking to construct houses in Phase II is increasing. In Block G and J, the demand is currently high. Here is the price range of property in Phase II.
| Plot size | Price range in PKR |
|---|---|
| 10-marla | 4,500,000 – 5,500,000 |
| 1-kanal | 9,000,000 – 11,000,000 |
Phase III
Phase III is the slowest of all phases in terms of transaction volume. That’s perhaps because despite the fact that development work here was completed a year ago, property possession hasn’t been granted. In the last couple of years, property rates here have dropped by 30% and even this couldn’t tempt buyers. It is believed that announcement of property possession will kick-start demand in this phase. In other words, the phase has to be ready to serve the interests of the end users in order to see any activity.
| Plot size | Price range in PKR |
|---|---|
| 10-marla | 4,500,000 – 5,500,000 |
| 1-kanal | 9,000,000 – 11,000,000 |
Phase IV
Development work is currently ongoing here in Blocks G-5 and G-6, whereas work has been completed in all other blocks. Developer is looking to grant property possession in Phase III as and when the same can be done for Phase IV. This phase is good for long term investment and demand for plots here isn’t all down. The reason could be the Saudi German Hospital in Phase IV, work on which is to formally start soon. Block G is great for investing in 1-kanal residential plots.
| Plot size | Price range in PKR |
|---|---|
| 10-marla | 4,500,000 – 5,500,000 |
| 1-kanal | 9,000,000 – 11,000,000 |