When purchasing a property in Bahria Town Karachi, questions about installments always pop up in one’s mind. And why not, as it provides advantages to both buyers and investors. In today’s blog, we’ll be discussing the Bahria Town Karachi installment plan and what it has for a layperson.   

The Concept of Installment Plan in Bahria Town Karachi

Bahria Town Karachi is a housing scheme that provides residential plots, homes, and apartments to their buyers. If we talk about installment plans in Bahria Town, it’s a complicated but easy-to-understand story. Let me tell you how.  If you’re buying your new home and went to Bahria Town Karachi office and asked for installment on a ready-to-move house, they (most probably) will not give you any. The first reason could be because installments are only available on under-construction houses and apartments and not on ready-to-move-in homes.  The second possibility is that the homes are out of stock, which means that there aren’t any homes available in society. Yes, that does happen. They don’t have any new homes on which they can give yearly installments because owners and investors pre-book them at the time of their construction.   

How to Get Your Hands On an Installment Plan?

So, you might be wondering, ‘then is there any way for me to get installment for my new house?’ The answer is yes. There’s an old saying that when there’s a will, there is a way. Fortunately, there are two ways using which you can avail installment on property in Bahria Town Karachi.  The first is to approach builders within Bahria Town Karachi and ask them about their new commercial projects. Almost all commercial projects have installment options available for potential buyers. It is to note that installments are only available on under-construction buildings and apartments, as we’ve told you above.  Now, you might be wondering about the potential scams looming over commercial properties. But that’s not the case, as all the builders constructing commercial properties in Bahria Town are entrusted and authorized by Bahria. And there won’t be any chance whatsoever concerning fake plans and illegal housing. The second way is to approach Bahria directly. In that case, you’ll ask them about their under-construction precincts and housing schemes. Most of the time, they provide installment plans for their under-construction projects. At the time of writing this article, Bahria Town Karachi is giving such plans on Bahria Greens.  Bahria Greens is a low-cost housing scheme where limited 75 sq yds houses are available. Aside from Bahria Greens, Bahria Town Karachi’s investment plan isn’t applicable to any other precincts, plots, places, or apartments. If any plans are available, they will explicitly announce that to people.  So, these are the two ways you can utilize to avail yourself of installment plans in Bahria Town Karachi.  

Difference Between Residential and Commercial Installments

There isn’t any change concerning the property buying and selling. All the processes are the same whether you’re opting for commercial or residential installments. The documentation, paperwork, and payment method are almost identical in both cases.  However, the differences come when you look at things through the eyes of a business perspective. The majority of people who choose commercial buildings do so solely for investment opportunities. But that doesn’t distract you from the fact that residential buildings and units can’t be used for investments. You can find a plethora of people whose money is invested in real estate on residential properties rather than commercial.  You can also divide commercial units into two spaces; some commercial buildings are located in residential areas. It’s because they provide accommodation on upper floors and (mostly) ground + one floors are allocated to commercial activities. So, they serve dual purposes. For such residential + commercial structures, the installment information varies from builder to builder, but the essential documentation, down payments, and other processes are almost identical.   

How Does Installment Plan Carry Out?

We have discussed that the documentation and procedure needed for the application of the installment plan are the same in both cases; residential and commercial. Bahria is working continuously to provide ease for new residents looking to avail installment for their new house.  One has to fill up an application to make themselves eligible for installment plans. Once their application is reviewed, they are offered the contract constituting the down payment and division of payments with respect to the years you filled in your application form. The down payment is between 20-30% of the property value most of the time. Looking from a business perspective, one advantage of getting a commercial property on installment is that the property value goes up during construction. In addition, if the investor chooses to sell after the project is completed, they can earn between 20-30% of the total investment over their initial investment. The owners of residential properties can also take advantage of such an advantage, but to a limited extent. They can either sell the property or rent it to other people, but as explained above, the return on investment is pretty low in residential areas as opposed to commercial ones.   

To Sum Up,

Both of the Bahria Town Karachi installment plans work great within their specified domains. However, before installing plans, one should examine their needs and their reason for investments precisely.  If you’re looking to buy a property, flats, or homes in Bahria Town Karachi with an exquisite location and at a competitive price, RAAS – Smart Property Solution can help you in this regard.