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Defence I is located within the Islamabad–Rawalpindi metropolitan area between Potohar Avenue [3] and Bahria Town Phase VII & VIII. This subdivision on its southwest abuts Soan River . A larger area acquired by the Defense Housing Authority just southwest of Phase I is named Sector F (formerly Phase 1 Extension ) and covers a total of 16,750 ...
In 2015, it launched Bahria Town Karachi, the largest of its gated communities, while Bahria Enclave Islamabad (launched in 2013) is the smallest of them. [ 5 ] [ 6 ] Most of these communities are large towns in their own right, its oldest community in Southern Islamabad spans over 16,000 hectares (40,000 acres). [ 7 ]
DHA Valley is a joint venture between DHA Islamabad, Bahria Town, and Habib Rafiq. The plan includes a secure community with parks, utilities, commercial shopping, schools, mosques, and a hospital. [3] The project's master plan was designed by the California-based company OJMR Architects. [4]
Canyon Views by real-estate developer Emaar was launched in May 2006. [10] Located in DHA Phase-5, it offers a luxurious villa-community spanning over an area of 100 acres (6 km 2). [11] This mixed-use development (residential, commercial, leisure, and retail) consists of three projects valued at Rs. 145 billion (US$2.4 billion).
Marina Club along Gizri Creek Much of Phase 8 is still empty. Defence is divided into 9 subdivisions, Phases 1-8 and DHA CITY which is located on the M-9 motorway. Each phase is subdivided further into blocks and sectors. Each phase also has a central commercial area and park to cater to the local community.
Bahria Town has projects in Lahore, Rawalpindi, Islamabad, Murree, and Karachi. [10] Bahria Town Karachi 2 is the biggest private project in Pakistan, which is also owned by Malik Riaz. His net worth is valued at around US$1.5 billion (As of 1 November 2019 [update] ).
In a short time, the property prices in such communities have greatly increased – in 2007 a 20-square-meter house in Bahria Town, Lahore cost around four million Pakistani rupees ($40,000); a similar property in 2012 costed nine million rupees, while houses are priced around 100-300 million rupees.
Urban areas were facing a shortage of 4.4 million housing units in 2010, while the population is expected to grow by 40 million in 2030. [4] Furthermore, this shortage is expected to grow due to a shortfall of 270,000 housing units per year. [5]