BTK 2 Balloting Announcement Date:
Bahria Town Karachi (BTK) 2, one of the most awaited and talked about projects in the real estate market, has recently announced its balloting on April 7th, 2023. According to the latest Bahria Town Karachi updates, people who have not yet submitted their balloting forms are being instructed to do so and take part in the balloting process. BTK 2 is a master class project that has been creating a buzz in the market since its launch in January 2023.
Launch of BTK 2
The launch of BTK 2 was accompanied by great hype and superb marketing, and a large gathering was gathered to witness the event. People were thrilled at the prospect of finally getting a chance to own an affordable plot in Bahria Town Karachi, especially those who missed out on the opportunity in BTK 1. However, things didn’t go as planned, and the response from investors and customers was not as positive as expected.
Nevertheless, all investors and customers who submitted forms for plots of 125 yards, 250 yards, 500 yards, and 1000 yards, commercial plots, and villas can take part in the balloting. The map will be released, and plot numbers will be allotted accordingly.
The price of a 125-yard plot was announced as 45 lac PKR with a 5% discount, and the booking fee was 5 lac 10 thousand PKR. The booking price for a 250-yard plot was 8 lac PKR, while a 500-yard plot had a booking price of 10 lac PKR, and a 1000-yard plot was priced at 20 lac PKR. Villas were priced at 1 crore 50 lac PKR, and the possession time was expected to be two years, while the installment plan for all plots was set at four years.
BTK 2 is located on the left side of the superhighway, adjacent to Commander City and Gul Mohar City. The development of the project is very impressive, with excellent infrastructure and facilities.However, despite the excellent marketing and development, the response from people has not been very positive. The main reason behind this is the high prices of the plots, which were deemed too high for people’s expectations. People expected the prices to be 10 to 15 lacs less than the announced ones.
Despite the slow response, BTK 2 remains a long-term project and an excellent investment opportunity. The slow pace of development might also help in keeping the prices in check and make it more affordable for people to invest in this mega-project.
In conclusion, Bahria Town Karachi 2 is a mega-project that has created a lot of buzz in the real estate market. Although the response has been slow, the balloting process has been announced, and people can now take part in the process. With the excellent infrastructure and facilities, BTK 2 has the potential to become a prime investment opportunity for the future.