A good investor always keeps an eye on all ups and downs of the market. Investors are holding their investments in Pakistan’s current economic and political situation. The property market is also fluctuating, with the prices of properties increasing or decreasing in different areas.
Property prices in Bahria Orchard Phase 4 have been fluctuating lately, and this blog post explores how a housing project’s development and infrastructure can impact property prices. By focusing on Bahria Orchard Phase 4 specifically, we will know the impact of these price fluctuations.
Bahria Orchard Phase 4:
Bahria Orchard phase 4 was introduced 4-5 years ago. Initially, 10 marla and 1 Kanal residential and 5 marla and 8 marla commercial plots were introduced. Then later, 5 marla residential plots were also approved for this society.
Initially, the 10 marla residential plots were offered with 51 lacs only with 2.5 years installment plans. And 1 Kanal plots were introduced. And 1 Kanal residential plots were shown in only 81 lacs. Although now the prices are doubled, and investors who hold their investments got good profits. But there was a time when the prices of the plots decreased by around 40%. That was a tough time for the developer and the investors.
Importance of Infrastructure in housing project:
The infrastructure of a housing project is important for investors. Infrastructure includes basic amenities like a sewerage system, water supply, electricity, and road network. The presence of these facilities makes it easier to live in society and ensures that living standards are maintained. A housing project needing essential infrastructure can create problems for its residents and result in low demand and property prices.
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Impact of infrastructure on Property Prices:
The development of essential infrastructure, such as road networks, water supply, sewerage systems, etc., in Bahria Orchard Phase 4 positively impacted property prices. As these facilities were developed, more people came to live in the society, increasing the demand for property.
In the initial developmental phases, the infrastructure changes caused swear effects on the prices.
In the G1 block, a Rose Garden was planned, but then it was changed into two parks.
In the G5 block, a Saudi German Hospital and a sports complex were designed, but the hospital was not launched there due to some reasons. A sports complex was also replaced with housing apartments.
Apart from the major changes, several alterations to Bahria Orchard Phase 4’s infrastructure affected prices drastically. Consequently, prices plummeted, and 1 Kanal plots were sold for only 65 lacs.
After these severe crises, the management of the Bahria Orchard made wise decisions and introduced some mega-developments in Phase 4. Which boosted the prices, and now the prices in Bahria Orchard are doubled. Following are the major developments in the infrastructure of Phase 4.
Times Square Mall and Residencia in G1 block.
Orchard Mall and SQ Mall, Arabian 99, and Q Bazar are under development in the G2 block.
New homes and apartments deals in G5 block.
Conclusion:
In conclusion, the development of essential infrastructure in a housing project has a positive impact on its property prices. If Bahria Orchard had not made these wise decisions, it would have been difficult for them to recover from this situation. Thus, investors need to look for projects with well-developed infrastructure to ensure higher investment returns.
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