I bought villa file 2 years back in 6 lacs.. It was not constructed and not ballotted. Then my name came in balloting and they said u will get villa in 18 months. But after 14 months passed the construction didnt even start. then i got worried and went to bahria office and they said it will take another 2 to 3 years to complete.
Basically bahria town keeps ur money and invests in other projects and when they earn on YOUR money then they give you villa.. Bahria schemes are not fraud but they are tricky. If they are giving you villa in 6 lacs and keeping your money for 10 years so you can imagine how much interest you can get on your 6 lacs in 10 years at 14% per annum rate. So it looks villa cost is 6 lacs but actually its 15 lacs if you consider the interest rate and also the delay and keeping your money blocked is quite irritating.
I would suggest you to not go into these schemes. Buy a ready to live house if you can afford otherwise live on rent.
I sold my villa file (ballotted) in 6 lac 60 thousand rupees after 2 years of wait. apparently i earned 60 thousand on it but actually if i had kept that money in a saving scheme i would have made more than double profit.
Secondly the villas are small and not too secure. You cant live with your family there for a long time. They can just be used as servant quarters if you have a bungalow in bahria town.
Thirdly.. They show you the constucted villas which are at a better location. The new villas are constructed far away from that. so they wont give you what they are showing you. The Awami Villas 1 is just a showpiece item to attract buyers. The actual product is different and at a different location.
I am not totally against it.. but you should know the facts before you invest.. They are not in 5 lacs as they say. They wont be constructed very soon as they say. and your villa wont be where model villa is.. so think twice before you invest here...
cheers...