Billion Dollar Mega Structure in Bharia Town

[Windjammer]

This is the billion dollar mega structure being built in Bharia Town Phase-8 Islamabad. It covers an area of 45 Kanals where as one Kanal is approximately 5500 square feet. It boasts six commercial and 10 residential floors. The open roof top will have a running track, swimming pools, cafes, restaurants and other leisure facilities. Ironically first to be sold out are all the commercial units in the basements. A friend who bought a unit on the ground floor two years earlier for some 2.5 Crore has more than doubled in value, although it's still some years away from completion. However a two bedroom Boulevard apartment will set you back cool £300000. Sterling.

 

[Paitoo]

Billion dollars for this building? Itnay mein poora airport ban jata Hai, wide body runway ke saath.

 

[Mrc]

Its a private enterprise for those who don't know and will crash the thread abusing military

 

[maverick1977]

is this

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???

 

[HAIDER]

This is the billion dollar mega structure being built in Bharia Town Phase-8 Islamabad. It covers an area of 45 Kanals where as one Kanal is approximately 5500 square feet. It boasts six commercial and 10 residential floors. The open roof top will have a running track, swimming pools, cafes, restaurants and other leisure facilities. Ironically first to be sold out are all the commercial units in the basements. A friend who bought a unit on the ground floor two years earlier for some 2.5 Crore has more than doubled in value, although it's still some years away from completion. However a two bedroom Boulevard apartment will set you back cool £300000. Sterling.

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waste of money, wish he build some steel mill or manufacturing unit to generate jobs.

 

[Windjammer]

Its a private enterprise for those who don't know and will crash the thread abusing military

Exactly, investment by Hasho group.
The Marriot owners.

 

[Trango Towers]

This is the billion dollar mega structure being built in Bharia Town Phase-8 Islamabad. It covers an area of 45 Kanals where as one Kanal is approximately 5500 square feet. It boasts six commercial and 10 residential floors. The open roof top will have a running track, swimming pools, cafes, restaurants and other leisure facilities. Ironically first to be sold out are all the commercial units in the basements. A friend who bought a unit on the ground floor two years earlier for some 2.5 Crore has more than doubled in value, although it's still some years away from completion. However a two bedroom Boulevard apartment will set you back cool £300000. Sterling.

View attachment 895056
View attachment 895057

2.5 crore 2 years ago has doubled in value because the rupee has halved in price. Actual gains very little

 

[Windjammer]

waste of money, wish he build some steel mill or manufacturing unit to generate jobs.

The only thing I witnessed booming in Pakistan is the private sector.
The number of plazas, shopping malls, hotels and towers cropping up are mind boggling.

 

[villageidiot]

Its a private enterprise for those who don't know and will crash the thread abusing military

A guilty conscience needs no accuser

 

[Azadkashmir]

i stick to house in azad k hills, it atleast has a small farm.

 

[Windjammer]

2.5 crore 2 years ago has doubled in value because the rupee has halved in price. Actual gains very little

That would apply if it involved say imports and exports. He took the chance in the opening stages... Now the development is established drawing much more interest.
So same size unit is costing well over 5 Crore.

 

[SaadH]

A guilty conscience needs no accuser

There is no private enterprise in Pakistan, the ruling mafias have their hands in all the cookie jars...

 

[Maula Jatt]

We waste way too much of our resources on real estate instead of infrastructure, manufacturing etc

 

[Trango Towers]

That would apply if it involved say imports and exports. He took the chance in the opening stages... Now the development is established drawing much more interest.
So same size unit is costing well over 5 Crore.

Nope it also applies to Pakistan as the devaluation of the rupee means your spending power in pakistannis reduced because everything costs much more. Inflation

 

[Enigma SIG]

Common trope in Pakistani industry: plot qeemat doubled in last 5 years!
Yeah and what is the NPV increase in dollar terms?