The year 2021 cannot be termed any good one for overall housing and construction industry. Either they were implications of FATF or surge in construction material prices, the real estate in Pakistan remained in state of uncertainty and despair. However, the Bahria Town Karachi market witnessed a sharp movement in the last quarter of the year 2021 with rising prices of residential units specially. Various happenings and developments in Bahria Town Karachi during 2021 needs to be mentioned, believes Zuraaco Marketing. Here are the top 5 one;
1. Bahria Town Karachi won Horticultural Awards
First of all in February, Bahria Town Karachi which is already known for its beautiful landscaping and outstanding parks, won 21 awards in different categories in the 70th Pakistan Annual Flower Show 2021 organized by Horticulture Society of Pakistan. Talking about the achievement of the department, GM Horticulture Bahria Town Karachi, Ms Ayesha Waqar said, “Being a conscientious organization Bahria Town Karchi is not only providing the best of scenic locations but also ensuring eco-friendly measures to safeguard the environment.”
This is not the first time that the Bahria Town’s horticulture department grabbed positions in this particular event. As in last three years Bahria Town Karachi won 5, 13 and 17 top positions respectively.
2. Imtiaz Mega Mall Opening
Imtiaz Mega Mall opened in Bahria Town Karachi in 2021 to make sure that the residents of the town have complete access to supermarket. Earlier Bahria Town Administration and Imtiaz Supermarket had signed a contract to open their Bahria Town flagship store a year ago. Imtiaz Super Market is a popular market place, primarily located in all areas of Pakistan with more than a dozen supermarkets.
Imtiaz is one of the leading and premier supermarket brands of the country. In Bahria Town Karachi, the exact location of Imtiaz Mega is about 1.5 km from the main gate. Imtiaz Mega is the biggest branch to open in Karachi, located in Bahria Town Karachi. The supermarket is the hub of retail, shopping and purchasing of all simple and luxury goods in Bahria Town.
3. Attack on Bahria Town Karachi
On the June 6, hundreds of protesters allegedly attacked Bahria Town Karachi and set fire to its main gate as well as several shops and vehicles in the housing society. Footage went viral quickly on social media showing the main gate of Bahria Town in flames while smoke was emitting from various other buildings. Although the Bahria Town management sealed the entrance with containers, but the protesters breached the barricaded gate after torching it fired and entered the housing society. They not only damaged the properties inside the housing scheme, but also looted ATMs, burnt vehicles and kept the Superhighway blocked for hours.
The violence raised many questions to raise, especially what would happen to real estate market of Bahria Town Karachi? However, the Bahria Town Dealers and Builders Association in a handout on social media stated that they would “not let Bahria Town property market to go crash.” For a while the market remained static but soon they got stable and prospering again.
4. Introduction of Gold Lounge
Inauguration of Gold Lounge in the Karachi’ Head Office of Bahria Town is another feather in the luxurious lifestyle of Bahria Town Karachi’ cap. The Gold Lounge was opened from the 20th September in the Bahria Town Head Office for the convenience and comforts of its valued customers. With this privileged facility customers can attain effortless transfer processes of their property files in luxurious and serene environment. Any customer can contact the Gold Lounge to take an appointment that suits his schedule and avail that privilege in style.
One only needs to pay an official fee of Rs. 10,000, and both buyers and sellers along with their brokers or real estate developers take this opportunity in hustle-free manner. Some sort of VIP protocol is given to you here with also tea and other refreshments.
5. SMQ Realtors Training and Development Institute
The SMQ Realtors Training and Development Institute of Pakistan is another landmark development of Bahria Town Karachi in 2021. Founded by the Bahria Town Country Head Mr. Shahid Mahmood Qureshi, it is dedicated to train students for the real estate business. The academy provides training and education of real estate with all the tricks & tips to be successful in this growing field.
The SMQ Realtors Training and Development Institute started functioning in the last quarter of 2021. It has arranged seminars and important real estate sessions to bring innovations and modernity in real estate business. It also organized Pakistan’s first real estate training and Job creation program launched at social media summit. Bahria Town Karachi realtors’ community is enthralled for this much needed community building initiative.