Are you curious to know how Bahria Town Karachi 2 is shaking up the real estate industry in Pakistan? Look no further! In this blog post, we'll delve into the impact of this mega-project on the local property market and explore its potential effects on investors, homebuyers and developers. From towering skyscrapers to lush green parks, Bahria Town Karachi 2 promises a luxurious lifestyle with modern amenities. But what does it mean for property prices and demand? Join us as we uncover the secrets behind one of Pakistan's most ambitious real estate ventures yet!
Location of Bahria Town Karachi 2
Bahria Town Karachi is located on the Super Highway, approximately 20 minutes from the city center. The development covers an area of over 8,000 acres and includes a mix of residential, commercial and retail properties. Phase 2 of Bahria Town Karachi is currently under development and is expected to be completed by 2019.
The location of Bahria Town Karachi 2 is strategic for a number of reasons. Firstly, it is situated on the Super Highway which is the main artery connecting Karachi with the rest of Pakistan. Secondly, it is only 20 minutes away from the city center, making it an ideal location for those who want to live away from the hustle and bustle of downtown but still have quick and easy access to all the amenities that the city has to offer.
Thirdly, the development covers a vast area of over 8,000 acres, meaning that there is plenty of space for residents to enjoy a wide range of amenities such as parks, schools, hospitals and shopping malls. And lastly, phase 2 of Bahria Town Karachi is currently underway and is expected to be completed by 2019 – meaning that even more people will soon have access to this world-class development.
Prices of properties in Bahria Town Karachi 2
The prices of properties in Bahria Town Karachi 2 have been on the rise since its launch. Many people are looking to buy property in this area due to its close proximity to the city and its many amenities. The prices of apartments in Bahria Town Karachi 2 start at around PKR 4,500,000 and go up to PKR 7,500,000. There are also a number of houses available for sale in Bahria Town Karachi 2, with prices starting at PKR 8,500,000 and going up to PKR 12,000,000.
Impact of Bahria Town Karachi 2 on the real estate market
Bahria Town Karachi is one of the most prestigious and well-known gated communities in Pakistan. The addition of Bahria Town Karachi 2 has had a significant impact on the real estate market, both in terms of prices and demand.
Prices for residential properties in Bahria Town Karachi have seen a considerable increase since the launch of Bahria Town Karachi 2. This is due to the fact that Bahria Town Karachi 2 offers a number of advantages and amenities that are not available in other parts of the city. As a result, demand for residential property within Bahria Town Karachi has also increased significantly.
The commercial real estate market has also been impacted by Bahria Town Karachi 2. Due to the presence of a number of businesses and facilities within Bahria Town Karachi 2, there has been an increase in demand for commercial property in the area. This has led to an increase in prices for commercial property in Bahria Town Karachi.
What do experts say about Bahria Town Karachi 2?
There is no denying the fact that Bahria Town Karachi is one of the most anticipated real estate projects in Pakistan. The project has been in news for all the right reasons and has generated a lot of interest among investors and buyers.
However, there are also some experts who are of the view that Bahria Town Karachi may not have the desired impact on the real estate market. Here is what some of them have to say:
1. According to Ali Raza Syed, CEO of JLL Pakistan, Bahria Town Karachi is unlikely to have any major impact on the overall real estate market in Karachi. He believes that the prices in other parts of Karachi will continue to remain under pressure in the near future.
2. Rubina Greenwood, Head of Research at Zameen Developments, shares a similar view. She believes that while Bahria Town Karachi may help revive investor confidence in the real estate sector, it is unlikely to lead to a significant increase in property prices across Karachi.
3. Nadeem Tyabji, CEO of Century 21 Aakash Estates, believes that Bahria Town Karachi will benefit the luxury segment of the real estate market in Karachi. He believes that prices in this segment are likely to go up in the near future as a result of increased demand from buyers looking for premium properties.
Conclusion
In conclusion, the introduction of Bahria Town Karachi 2 has had a positive impact on the real estate market in Karachi. It has opened up new opportunities for buyers and investors alike while injecting competition into the area’s housing scene. The project is still ongoing and is expected to be completed by 2021, offering more options to prospective buyers in terms of homes and prices. There will undoubtedly be an influx of investment into this region once this project is completely finished, making it even easier for people to purchase homes in these beautiful surroundings.
