Ballot alert – Bahria Orchard Phase IV
Located opposite Bahria Orchard Phase I on Raiwind Road, Bahria
Orchard Phase IV is a recently launched project by Bahria Town
Lahore. The location of the project is impressive because it is situated near
Adda Plot – an area where an interchange of the Lahore Ring Road (LRR) will be
built.
The good news is that Bahria
Town is going to ballot plots in Bahria Orchard Phase IV on May 15. Dealers
with open forms for plots have been instructed to submit these forms by May 15.
Currently, 10-marla plots are
being traded at a loss of PKR 100,000. On the other hand, you can become the
owner of a 1-kanal plot by paying a profit of PKR 800,000 on the booking
amount.
Almost five hundred 1-kanal
plots were launched in the locality, while the number of 10-marla plots was
more than 2,000. The limited number of 1-kanal plots is one of reasons they are
being traded at a profit.
On the business side, different
dealers are quoting different profit figures for commercial plots
Please note that if you buy a
plot now, you will have to make the first down payment before May 15.
Tip: If you want to buy a plot in Bahria Orchard Phase IV, do contact
different property agents and scrutinise every aspect of what you’re about
invest in, especially profit figures, so that you don’t end up making the wrong
decision.
Development work
According to a source, Bahria
Town has already started development in the area. Sewerage infrastructure is
complete and now ground levelling for the development of roads is being
done. On the other hand, the main gate of the society is also being constructed.
Bahria Orchard Phase IV will outshine other projects by Bahria Town in
Lahore in terms of what it has to offer. The project will have a 130-kanal
night safari park. It will also house a 48-kanal Saudi-German Hospital and will
feature a sports complex. Even two Jamia Masaajid are to be
built in the locality. Another impressive feature of the project is that it
will be linked to Bahria Orchard’s Phase I through an overpass.
After balloting, prices of
plots in Bahria Orchard Phase IV will most likely rise. Even the development of
LRR’s interchange at Adda Plot will play a role in price escalations that are
experienced by the locality.
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