Project Attraction: Most Luxurious Planned Development.

Bahria Enclave

Project Type: Exclusive community of 5, 8, 10 Marla & 1, 2, 4 Kanal residential plots & 4, 8 Marla commercial plots.

Project Status:

Bahria Enclave Islamabad Possession Started for first Phase
Development done by Bahria Town in a record time of 1 and a half year
Main Approach Road Opened for people - Connecting Bahria Enclave from Kuri Road
through Jinnah Avenue
Development work for other phases are in full pace
Construction at full velocity of School, Mosque, Hospital, Commercial Mall, Restaurant, Park & Zoo
11 Marla Villas are under construction and model villa open for visit
Next phase possessions to be announced shortly

Location:

arrow1 Convenient access from Kashmir Highway, Lehtarar Road & Islamabad Highway

arrow1 Located near Chak Shahzad, near the Park Road & the Kuri Road


Project Features:

arrow1 5 Star Hotel & Spa

arrow1 Restaurants

arrow1 Parks & Zoo

arrow1 CineGold Plex Cinema

arrow1 Commercial Areas

arrow1 International Standard School & Hospital

arrow1 Great Jamiah Mosque

arrow1 100 feet wide roads, landscaped with Green Belts & Footpaths

arrow1 Complete Gated Community

arrow1 Underground Provision of Electricity, Gas & Water

Bahria Enclave to be the 6th Region in Pakistan with Fiber Optic Backbone

Islamabad, May 2, 2013: Bahria Town has signed an MOU agreement with PTCL. As per this agreement PTCL would deploy fiber optic cables in Bahria Enclave within three months time, providing each resident of Bahria Enclave with high speed internet with a bandwidth of 100mb and value added services like telephone, smart TV and VOIP.

Most of the time while investing in real estate we feel our hearts in our boots, but why? The basic reason for this fear can be found in the scams that shroud our society most of the time. But actually financial scams and frauds are not only limited to Pakistan, they occur everywhere in the world. Think of South Sea Bubble to BCCCI and Barings Bank to Enron they occur in all parts of the world. Real estate is all about money and where there is money – there lie swindlers; the risk of scams looms over like the proverbial "Damocles' sword".

We have all heard of cases where people have paid someone for a house or an apartment –and that unfortunately is never built. We've heard about people running away with money – or the company turns out to be bogus. Blah blah blah.

Investing money in real estate means to protect yourself from future financial fluctuations and upheavals. So it needs a deep thought and planning on the investor's side. It is not something like a jump in the swimming pool but it is serious; for, money is involved.

Over the past 5 years, Pakistan felt some kind of economic relief which was largely due to the war on terror and its effects, thus resulting in a real estate boom across the country. However, people often forget that even before 9/11, real estate always came at a price. There is an old Hindi idiom "Uttam Khaitte, matdham beopar nikdh chakree" which simply means that farming is the best, trade is next and the service is the worst. It shows the psyche of our people – a constant obsession with land; for 60 years, property is far and away the most precious commodity. Prices have NEVER depreciated.

Add to the equation that Pakistan is facing a severe housing shortage of nearly 6 million, of which a fraction is built annually. All this has resulted into scams and frauds where imposters play games with needy people and take away huge amounts of money in the guise of builders and real estate investors.

In Pakistan the folk wisdom follows the dictum that everything is rotten in this country, but it is a fallacy and more the result of our ignorance. Everything is not wrong. Over here are people committed to their profession and the public they serve. We have to know those people and place our trust on them.

But it also doesn't mean that all is fair and transparent and the responsibility squarely rests with the investor to be aware of the facts and figures before taking the plunge. Here are some tips which will minimize the risk of being stripped of life savings.

1. Ask your agent. Your local real estate agent knows too much of the trade and in Pakistan there is no dearth of agents. Just ask someone you know and they can guide and inform you better about the tricks of the trade. You must ask for advice when something seems "fishy" or "too good to be true."

2. Ask for I.D. and a little more. When you are dealing with a seller whom you've never met, ask for the seller's I.D. Copies of all property deeds, titles should be submitted to you before the commencement of the transaction so that you may verify authenticity. Don't take anything for granted.

3. Use an escrow account. This may sound funny. And if you're dealing with a traditional villager – it might take you several years to explain the concept of Escrow to him. However, in high profile transactions, Escrow accounts have now become part of the vocabulary in Pakistan. Escrow account means "Money, property, a deed, or a bond put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified." This way if the deal goes sour, you have not to chase your money.

4. Attorney review of all deals This is mainly for high profile investors - make sure your own attorney or agent represents you in every transaction.

5. Check with local government Always visit the local governmental agencies to find out what is happening. The real estate projects originate on the local government level. But we in Pakistan do not know this thing and roam wrong place for just a bit of information. Local governments also carry all records on land transactions across the municipality which it serves.

6. Always check yourself – don't outsource the job Check for sales reports from your own sources when you are not sure of the area's value. And make sure you are making a wise investment.

7. Control your deal. Don't be intimidated by your seller. Protect yourself and stand up for your rights in the contract.

8. Contingency protection If you feel uneasy about the transaction, be sure to use a contingency in the contract. A contingency is a clause that binds the seller, but gives the buyer the right to cancel within a certain period of time. Talk to your lawyer about this one! All this is not intended to scare away a potential investor, but everything has got a peculiar style in Pakistan – and I just thought it would be good to clear the air. And "the power of accurate observation is commonly called cynicism by those who have not got it." So too, it is the way the real estate transactions are done and made. Practice these tips and you will come to know this gives you a unique bargaining position. Last but not least when you do make an honest contact, don't lose it. Build on it and grow from there.

Common Real Estate Scams

Phony Seminars

This is a big one and often seems entirely legitimate but this one also falls into the if it’s too good to be true, it probably is€ category. The problem with this particular scam is that initially, there is often no cost to you. You’ll be offered free tickets to a seminar, usually offered a free gift for attending and promised that you will not be subjected to high pressure sales tactics. When you arrive at the seminar though, you almost always learn the free gift is only offered to those who purchase tickets to additional seminars. That’s not a big deal if you have the money to shell out for additional seminars because they’ll make these additional seminars sound amazing. The problem? Most often, they’re not. They’re a waste of money that will teach you nothing of any valuable, aside from teaching you to be a little more careful about how you spend your money.

Renting Empty Houses

This is a disturbing, but not uncommon, real estate scam that makes victims of homeowners and renters alike. In this one, enterprising con artists will look for homes that will be abandoned for an extended period of time – often while the actual homeowner is on an extended vacation or is working in another state or even country – and posts listings for the home online. They’ll sometimes claim to be the owner of the home but will also sometimes claim to be someone authorized to rent on behalf of the homeowner. Sometimes the con artist will break into the home and change the locks. Other times, they’ll just access the home using a spare key they’ve discovered somewhere on the property. It also isn’t unheard of for an especially enterprising criminal to pay a locksmith to let them in. Many people who run this type of scam will forge official looking documents for the renter to sign and will then collect rent until the scam is discovered. The end result is always the same. A well meaning renter will contact the con artist about the home listing, will rent€ the home, usually paying in case, and then the real homeowners will return finding someone they don’t know living in their home.

Rentingâ Foreclosed on Houses

There are a few ways this one works. Sometimes the perpetrator is a con artist who works the scam much the same way as the scam we talked about above with vacation or seasonal homes. Other times, the homeowner themselves are the perpetrator. Facing foreclosure and feeling there are no other options, they’ll rent their home to an unsuspecting family and take the money to get their own home somewhere else. When the eviction date arrives, the new family will have no choice but to leave although in some cases, the bank will allow the new family to stay in the home for up to three months so they can try to find another place to live.

Another common foreclosure scam involved a fake agent selling a foreclosed on home. A fake agent will gain access to the home (often breaking in) and will take a family on a tour of the home. Often they offer a far lower than market value price on the home to entice buyers. When a buyer decides they are interested in the home, the fake agent will take a deposit and give the buyer a fake phone number. Some fake agents will actually take deposits € from several buyers at once, all of whom will lose their money. After taking the deposit, the fake agent will have the buyer sign a fake property title deed (most of the time, but not all of the time) and promise to meet said buyer at the home on a specific date to give the buyer the keys to the home. When the buyer arrives on the agreed upon date, usually with moving trucks, the fake agent is nowhere to be found and the phone number doesn’t work. They can’t get into the home they think they purchased and before long, realize they’ve been the victim of a particularly cruel scam.

Renting Houses that are Legitimately For Sale

In this scam, a fake real estate agent will post a fake rental listing for a home that is actually for sale. They’ll offer the house at far less than it is worth to draw in potential buyers more quickly. Should the buyer ask about the low price, the fake agent will tell the buyer the person who owns the home has to rent out the property quickly because they are leaving the state for a job, school or something along those lines. The fake agent will take a deposit from any and all interested buyers, have the buyers sign fake rental agreements and will then disappear. This one is especially dangerous because it is often a multi-layer scam. Buyers may not just lose the deposit but the con artist may also use any information provided on the phony rental agreement to steal the potential buyer’s identity.

Renting  Unavailable Apartments to Out of Town Renters

This is another big one and it is nearly impossible to catch the perpetrator. For this one, the con artist will target out of town renters who are looking for a temporary home while visiting a city for work on while on vacation. The con artist will list a real home for apartment as a temporary rental and then ask potential renters to wire money to cover the security deposit and rent. The renter then arrives at their destination and finds out the property they rented isn’t actually for rent and they have no place to stay. Making it even more difficult, it’s just about impossible to recover the money that was wired as it is incredibly difficult to trace

A Comprehensive guide for all property related services in Pakistan

LOCATION
In real estate, location is everything. This section will help you choose the right location. There are many factors to consider when deciding where to buy property. If you are buying a property to live in, you need to find out the location of:
the closest shopping centre
public transport
parks and other facilities
schools if you have children
the facilities that will appeal to the rental market

COST OF BUYING
Find out the various expenses involved with buying property.
We advise that the following are the main costs involved when you buy property:
purchase price of the property
stamp duty/transfer fees payable to the Government / Development Authority
legal costs and searches
 
BUYING AS AN INVESTMENT
While the decision to buy a family home is usually very emotive, buying investment property should be based on a logical and calculated process. To minimize the risk of getting stuck with a bad investment, we recommend buyers research the area they intend to buy. We advise investors to:

Check the local newspapers
Find properties with similar features and compare their prices. This simple research will be a valuable guide to determining what is on the market, and at what price.

Talk to a real estate agent in the area
A good agent should be able to provide buyers with an informed opinion on prices and market trends. They should also be aware of the property types that tenants are looking for, and how much particular types of property should return in rent.

Contact the concerning Development Authority
It is recommended that potential investors contact the concerning development authority which may be a government department like CDA or a private organization, to find out whether any major developments are planned for the area.

Your perfect investment may not be so perfect if a freeway overpass is being planned for your back yard.

Seek financial advice
If you're a first time investor, property investment should be considered and managed as part of an investment portfolio. Unless you're an experienced property investor, independent advice will prove invaluable.

Like any other investment, you need to consider:
how much money you can invest
what the goal of the investment is
how long you want to hold the investment

Reevaluate regularly
Another important factor to consider is the property and the market conditions affecting your investment. It must be monitored and reevaluated on a regular basis.

While there are many avenues of investment, property is still a stable and financially rewarding investment. The buyer must be aware of what sort of return they can expect from their investment. Purchasing the right property makes it easier to rent out and sell when the need arises

(for Islamabad)

This Agreement to sell is made and entered into at Islamabad on the _______________ day
of __________, 2006 between Mr _________________________S/o________________ Resident of ________________________________________________ holding N.I.C __________________,hereinafter called the First Party/ Seller, which expression shall include his legal heirs, successors in interest and assignees on the One Part.

AND

Mr ____________ S/o ________________ resident of__________________________
Holding N.I.C ___________________,hereinafter called the Second Party/
Purchaser, which expression shall include his legal heirs, successors in
interest and assignees on the other part.

Whereas the First Party /Seller is absolute and lawful Owner / Allottee of
Double Storey House No______ measuring ______= ______ sq yards , situated at
street_____, Sector______, Islamabad , vide CDA allotment / transfer letter No
_________________
Dated________, which is free from all sorts of liens / encumbrances .

AND WHEREAS the First Party / Seller has agreed to sell the above said House to
the purchase and the purchaser has also agreed to purchase the said house
(hereinafter called the “Said Property”) at a mutually settled price of
Rs.____________/-(Rupees_________
_______________________ ) on the terms & conditions appearing hereunder:-
 


That the First Party / Seller has received a sum of Rs____________ /- (________
__________ )as earnest Money from the second Party / Purchaser .


That the Second Party will pay the remaining sale consideration a sum of
Rs_____________ (Rupees _______________________ ) to the First Party / Seller
on or before ____ day of ___,2004 at the time of transfer of the above said
property in favour of Second Party / Purchaser or his nominee(s) in the office
of C.D.A.
That all the relevant documents, in Original , will be delivered by the First
Party / Seller to the Second Party / Purchaser or his nominee at the time of
transfer of said property in the office of CDA.
That the Seller hereby assures and covenants with the Purchaser that the said
property is free from all sorts of Claims, liens & encumbrances Whatsoever
nature and that he has good right , title and lawful authority to sell the said
House in all respect.
That the Seller shall be responsible for all the liabilities, dues, property
taxes and charges / utility bills etc, payable / dues to the CDA, Government or
other concerned authority up to date at the time of transfer of the said
property.
That if the Seller refuses this deal or fails to transfer the said House /
property in the name of purchaser or his nominee(s) , then the Seller will be
responsible and bound to pay double amount of the received biana money to the
purchaser immediately .And in this case the purchaser will also be competent
to complete this deal through the Court of Law ,on risk and cost of Sellers. In
this case any objection by the Sellers will not be considered.
That if the Purchaser backs out from this deal or fails to pay the balance sale
consideration within stipulated time, then this deal will be considered
cancelled and received biana / earnest money will be forfeited.
That Physical and Vacant possession of the said House / Property with all
fittings , fixtures and installations will be handed over at the time of final
Payment / transfer to the second party / purchaser.
That the First party / Seller will be responsible and bound to get Completion
Certificate from the CDA, N.O.C ’s / NDC from CDA, Islamabad or any other
concerned departments of the above said House / Property before transfer.
That First party / Seller has also agreed , that the Second Party / Purchaser is
at liberty to get the said house / property transferred in his own favor or in
favor of any other person(s) desired by him.


AND THE FIRST PARTY HEREBY ASSURES THE SECOND PARTY


a) That the First Party / Seller has paid all dues , taxes , assessments,
ceases payable in respect of the said property up to the date of these
presents, which if not so paid, then the First Party / Seller alone shall be
liable for the payment thereof.
b) That the First Party / Seller have not taken any loan against the said
property, from any person, Bank or Co-operative Society nor does any liability
exists against the said property.
c) That the First Party / Seller has not stood surety or guarantor of any
person or organization in respect of any bail or loan from any Co-operative
Bank or organization in respect of any form or manner against the said property
and it is also certified that the said property has not been sold / mortgaged
to previously.
d) That the First Party / Seller has not entered into any deal overtly or
and covertly with any person / party in respect of said property.

IN WITNESSES WHEREOF , both the parties have signed this Agreement to Sell in
presence of witnesses below:-



Seller Name:-__________________ Purchaser Name:-________________

NIC:-  ________________________ NIC:- __________________________


Witnesses:

1)____________________________ 2) ________________________

 

(For Islamabad)
 
 
 This lease Agreement is made at Islamabad on this ______________ day of _________ ,2006 between Mr.______________ S/o________________ R/o ___________________ having
 NIC________________ hereinafter reffered to as the “LESSOR” of the first part ,
 
 AND
 
 Mr.______________ S/o __________________ R/o _________________ having
 NIC_________________, hereinafter reffered to as the “LESSEE” of the second
 part.
 
 WHEREAS the lessor above named is the sole and absolute owner of House _______
 Street____ Sector_________ Islamabad ,equipped with all necessary fittings and
 fixtures, hereinafter reffered to as the “SAID PREMISES”.
 
 WHEREAS the lessor has agreed to let out the said premises and the lessee has
 also agreed to take the said premises on rental basis on terms & conditions as
 hereunder:-
 1. That the lease agreement shall be deemed to be effective from _______ ,
 for a period of _______ years , While after 1 year the rent of the said
 premises shall be increased @ 8 % .
 2. That the MONTHLY rent of the said premises has been mutually agreed
 upon at Rs._______ (Rupees _______________________only) .
 3. That the lessee has paid to the lessor Rs
 ________/-(Rupees___________________ only), as ______ month,s ADVANCE RENT
 and Rs._______/-(Rupees _____________________ only) being the SECURITY DEPOSIT
 which shall be refunded to the lessee at the time of vacating the said premises
 and handing over its vacant and physical possession to the lessor, subject to
 adjustment of any loss damages or dues, if any, thus the lessee has paid to the
 lessor total sum of Rs___________/-(Rupees ____________________ only) through
 cheque No. _________drawn on _______________________________ .
 4. That after the expiry of ____ month,s lease period, the RENT of the said
 premises shall be paid by the lessee on _____ monthly basis in advance to the
 lesor.
 5. That the lesse shall keep the said premises in good condition and in
 case of any loss or damage to any item of the said premises, the lessee shall
 be liable to repair or replace the same at his own cost.
 6. That the lesse shall not make any structural addition/ alteration
 without written permission of the lessor.
 
 7. That one month,s porior notice shall be served on either side in case
 premises is
 To be vacant before the expiry of lease period .
 8. That the lessee shall permit the lessor or his nominee, during
 reasonable time of
 The day, to enter and to view the state of the condition therefore or for any
 reasonable purpose as may be required, with the permission of the lesse.
 9. That the lessee shall use the said premises at his own residential
 purposes and
 Shall not sub-let it or portion therefore to anybody else.
 10. That if the lesse wants to install telephone connection in the said
 premises at his
 Own cost and expenses, then lessor will have no objection.
 11. That the lessee shall pay regularly all the dues for consumption of
 gas,water,
 Electricity and telephone charges to the concerned departments during the period
 of his stay in the said premises and will show the receipts of the paid bills
 to the lessor, if desired by him.
 12 That the minor repairs will be made by the lessee whereas the
 responsibility of
 major repairers rests with the lessor
 
 
 IN WITNESS WHERE OF, both the parties have set and subscribed their
 respective hands to this deed on this day of above mentioned date in the
 presence of witness.
 
 
 
 
 
 LESSOR: _________________________ LESSEE: __________________________
 
 
 
 
 WITNESS:
 
 
 1)____________________________ 2)____

(for Islamabad)


IRREVOCABLE GENERAL POWER OF ATTORNEY



KNOW ALL MEN BY THESE PRESENTS THAT I, _____________________________________ ,
s/o ________________________________________ , r/o ___________________________
____________________________________ , holder of NIC No. ______________________ ,
being the allottee of Plot No. _______________________, am fully well in my absolute senses, free will, with consent and without any duress, do here by appoint, make and constitute
_______________________________ , s/o ___________________________________ ,
r/o ____________________________________________________________________ ,
holder of NIC No. _________________________________, as my true and lawful general attorney to do the following acts, deeds, matters and things in respect of my aforesaid plot of land.


1.

To sign/execute any documents deeds or papers required to be signed or executed by the ___________________________________________.

   

2.

To correspond with the _______________________________, Islamabad.

   

3.

To take possession of the plot from _____________________________.

   

4.

To construct a house on the plot and to do all acts, deeds and things necessary for the purpose e.g. submitting plans, getting them approved, getting water, electric and sui gas connections, engaging architects, engineers, planners, contractors, masons, labour etc. procuring and purchasing the materials etc To complete all the formalities with the ________________________________ for issue of completion certificate and for execution of agreement and conveyance deed.

   

5.

To retain, hire, lease, sell, convey, transfer, encumber, mortgage, redeem, exchange, release, surrender, settle, adjust, or otherwise to dispose off the said plot of land and/or the building constructed thereon and for such consideration or with no consideration and in such manner as may be considered desirable, fit, proper, expedient and/or opprtuned by my said attorney in his sole, absolute and unfettered discretion. To execute all kinds of deeds and to get registered the same with the Joint Sub Registrar, Islamabad, to pay and receive all kinds of payments in cash or through cheque/pay-order/draft/security deposit receipt etc. and to cash the same with his own signatures and to obtain or issue the receipts thereof.

   

6.

To complete/sign requisition slip on my behalf and submit the same in the office of ___________________________ for obtaining Trnsfer Application Form. After obtaining the Transfer Application Form, to complete sign it and submit the same in the office of _____________________________ , Islamabad for the transfer of said plot of land/ or building constructed thereon in favour of anybody else.

   

7.

To appear and act in all the courts, civil revenue or criminal, whether original or appellate, in the registration Offices and.or in any other office of Government or District Board, Municipal Board, _________________________ Islamabad or Notified area or any other local authority. To engage any advocate.

   

8.

To sign and verify plaints, written statements, petitions of claims and objection, memorandum of appeal and petitions and applications of all kinds and to file them in any such court or office.

   

9.

To obtain refund of stamp duty or repayment of court fees. To apply to courts and offices for copies of documents and papers. To apply for the inspection of and to inspect records. To accept service of any summon, notice or writ issued by any court or officer against me.

   

10.

Generally to do each and every thing requisite for all the purposes stated above and the purposes which are omitted and are to be done on my part.

   

11.

All the acts, deeds, matters and things done by the said General Attorney shall be construed as having been done by me and I do hereby agree to ratify and confirm the same.

   

12.

That this General Power of Attorney is made by me without any undue influence or coercion and in full knowledge of the facts and consequences of the General Power of Attorney made and this General Power of Attorney is irrevocable.

   
   

IN WITNESS WHEREOF I have set my hand to this deed on this ___ day of ______ , _______ , after understanding the contents of this deed in presence of the witnesses below:

   
   
   
 

EXECUTANT ___________________________

   
 

NIC No. ___________________________

   
 

WITNESSES:

   
   

1._______________________________

2._______________________________

     
 

_______________________________

_______________________________

     
 

_______________________________

_______________________________

 

** 1 Marla = 225 Sq Feet.     ** 1 Kanal = 20 Marlas

 
 

No. in Sq. Ft.

Sq. Yds.

Marlas

20 X 40

89

3.55

30 X 30

100

4

25 X 40

111

4.44

30 X 40

134

5.33

25 X 50

139

5.55

25 X 53

155

5.88

20 X 70

156

6.22

25 X 60

167

6.66

30 X 50

167

6.66

30 X 55

183

7.33

30 X 60

200

8

35 X 60

233.3

9.33

25 X 65

252.7

7.22

30 X 70

234

9.33

35 X 70

272

10.88

35 X 75

292

11.66

35 X 90

311

14

40 X 70

311

12.44

40 X 80

354

14.22

50 X 90

500

20 = 1 Kanal

50 X 100

555

22.22 = 1.11 Kanal

60 X 90

600

24 = 1.2 Kanal

60 X 100

667

26.66 = 1.3 Kanal

80 X 100

889

35.55 = 1.7 Kanal

75 X 120

1000

40 = 2 Kanals

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The Millennium Builders

We have introduced Client Relationship Management and a system for individual performance and career management as part of a total performance management programme. Total performance management endorses three performance standards which represent non-negotiable minimum standards of behaviour - we will serve our clients, support our people and aspire to leadership in field of Real Estate.

TMB Services

Millennium offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organization; whether you are a user/occupier or an owner/investor, organized to deliver truly integrated solutions to meet your unique needs.

Contact Numbers

Feel free to contact us anytime

  Phone: +92 322 322 7001

 Phone: +92 301 531 6151

 Phone: +92 343 948 3955

 Phone: +92 334 537 1058

 Phone:   +1 780 709 4405

Email : info@themillenniumbuilders.com 

Our Locations

National Head Office:

Office#9, Lane#3, Block 2, Ground Floor Time Square Bahria Town Phase 7 ISLAMABAD

Overseas Office:

10830 107 Ave NW #206, Edmonton, AB T5H 3B5, CANADA

Islamabad Office:

Office No. 10, 1st Floor, Salma Plaza Double Road, F-10 Markaz, ISLAMABAD.