Taking a cue from many other housing societies, Bahria Town increased transfer fees for properties. Although Bahria Town is a prominent developer with numerous dedicated projects to its name, this move might deter potential investors in the short term.
According to several real estate agents, Bahria Town does not have a particular schedule or percentage that it adheres to while increasing of transfer fees. Any and all changes are made at the sole discretion of the society’s management.
Agents seem slightly put off by this move as high transfer rates decrease investor activity. While this does not dissuade genuine buyers or those that wish to keep their property for the long term, those who invest for a quick turnaround are often discouraged as rising transfer fees reduce the potential for immediate profit.
However, this is quite a common step that many prominent housing societies take. Investors, unfortunately, have to deal with it. They grow accustomed to the new fee after a while just like they get used to the increase in prices in any other commodity. Ultimately, those who want to invest have to pay the fees. And they do. Therefore, this probably will not affect Bahria Town majorly in the long run.
The details of the revised transfer fees can be found in the tables below:
|5 Marla||PKR 45,000|
|8 Marla||PKR 88,000|
|10 Marla||PKR 110,000|
|1 Kanal||PKR 220,000|
|2 Kanal||PKR 440,000|
|5 Marla||PKR 100,000|
|8 Marla||PKR 160,000|
|10 Marla||PKR 225,000|
|1 Kanal||PKR 400,000|
|2 Kanal||PKR 800,000|
|2 Marla||PKR 100,000|
|4 Marla||PKR 200,000|
|5 Marla||PKR 250,000|
Sector F and Golf View Residencia:
|5 Marla||PKR 30,000|
|10 Marla||PKR 50,000|
|1 Kanal||PKR 100,000|
For plots and houses of any other size, the transfer fee will be calculated according to the per marla cost of the property. Transfer fees after the death of the owner are 50% of the total fees mentioned above.
So, to what extent do you think the revised transfer fees will deter investor activity? Let me know in the comments below!