Has Bahria Enclave II turned into Bahria Hills?
The question is interesting and has found its place
amongst the many other questions that many of us have been asking about Bahria
Hills.
For those of you who don’t know,
Bahria Enclave II had been cancelled in 2014 after the developer failed to
secure all necessary approvals from the Capital Development Authority (CDA).
File owners who had invested in the project have since then been looking for a
solution to their problems. Many of them were adjusted in Bahria Enclave I,
some sold off their files, and some are still waiting for a safe exit.
Recently, Bahria Town announced three
new projects for Islamabad. The developer created quite a bit of suspense about
the projects, causing many investors to stand up and take notice. What is
interesting about this development is that the location of one of the projects,
i.e. Bahria Hills, which is more or less the same as that of Bahria Enclave II.
many of those who still own Bahria Enclave II files
are busy sorting the matter with the authorities concerned, as they aren’t
willing to sell at a loss.
What’s more sources have told that development work at the
site hasn’t stopped since 2014 – that was precisely when rumours about Bahria
Enclave II’s cancellation flooded the real estate market, causing immense panic
for file owners.
Will Bahria Town accommodate those
affected by Bahria Enclave II into Bahria Hills remains to be seen
The best part of the yet-to-be
launched Bahria Hills is that the basic infrastructure here has already been
completed. Their lush and posh designer site office is also in place. If you visit
the site, which is connected through a 70 feet wide bridge, you will notice
that the road network is in good shape, and much of the plotting has also been
done.
In addition to this, sewerage pipes
and underground electrification for the project is also complete. Given that
the project hasn’t even been launched yet, it is surprising that electricity
and gas connections for Bahria Hills are also available. All the developer
needs to do now is launch the project formally. After the trouble people have faced
because of Enclave II, it would be better for Bahria Town to directly offer
plots instead of files.
Given the amount of development work
that has already taken place the new property on offer will come with steeper
price tags. However, we must also remember that Bahria Enclave II itself was
pretty expensive when it was launched back in late 2013. Then, the price tags
for 5-marla, 10-marla and 1-kanal plot files in Bahria Enclave II was PKR 4.45
million, PKR 9.5 million and PKR 180 million, respectively. Looking at these
rates you should be prepared to see even
higher launching rates for Bahria Hills’ plots.
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