Bahria Town Lahore Sector C and Overseas Enclave A WERE great places to invest till 6 months ago and ARE one of the best places to live now and in future.
The rates has gone so high that the scope of good return is relatively low as compared to other projects. The end user has already entered in it for construction of its house. Meaning both of these projects are now matured.
Having said that, Sector C and Overseas A, Bahria Town Lahore will keep on growing due to location and standard of living. But we should also consider followng main issues if the purpose is investment ONLY:
Non construction Charges
As per rules and regualtions of Bahria Town Pvt. Ltd., the owner of plot is bound to start construction of house within three years of possession announced / offered (There is misunderstanding found in the market that non construction charges are applied after taking possession which is not right. Whether possession is taken or not, non construction charges are applicable after the offer of possession by Bahria Town). Non construction charges are already applicable to all blocks of Sector C as well as Overseas Enclave A, Bahria Town Lahore. It is Rs.17,000/= per month for 10 Marla Plot and Rs. 24,000/= per month for 1 Kanal and so on.
Transfer Fees
Heavy transfer fees (which always keeps on increasing for old projects, blocks and sectors). At present the transfer fees of 10 Marla plot in Sector C is Rs.87,000/= plus.
Big Investment
New buyer needs to invest Rs.55 to Rs.60 Lac for investing in 10 Marla plot which is a minumum investment in Sector C and Overseas Enclave A, Bahria Town Lahore. An investor would try to find out some project where less investment is required and high return is expected. Both of these investments would, obviously, not be on top to consider in Lahore Real Estate.
Please do more research before making any final decision.
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