Would investors see some relief from Bahria Town Karachi

  • by Admin
  • 1 year ago
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Good days of Bahria Town Karachi (BTK) investors would soon become reality.

Owner of Bahria Town seems serious to give relief to their investors who are worried for the last many months.

In the last hearing, the management of Bahria Town offered payment of Rs479.598 billion (all inclusive of fee, charges, duties, taxes etc comprising of land price, regularisation fee and profit for full and final settlement of all the three cases in accordance with terms and conditions) as a final settlement of all the three projects in Karachi, Rawalpindi and Islamabad within a period of nine years, to a three-member implementation bench of the apex court in the Bahria Town Karachi case judgment headed by Justice Sheikh Azmat Saeed.

Counsel of BT, Barrister Ali Zafar prayed to the apex court to consider their proposal for final settlement of all the three cases namely Bahria Town Karachi Super Highway Project land of 16,896 acres, state/government land, Takht Pari forest land of 5,472 kanals and Sulktar and Manga Land of 4,542 kanals.

Bahria Town is willing to pay Rs435 billion for Bahria Town Karachi Super Highway Project of 16,896 acres of land, Rs21.888 billion for Takht Pari forest land of 5472 kanlas and Rs22.710 billion for Sulkhtar and Manga Land of 4,542 kanals.

Meanwhile, Justice Sheikh Azmat Saeed, asked the counsels for Bahria Town to revise the offer as well as duration of mode of payment as well by March 13.

Currently, Bahria Town is in possession of 16,896 acres of land in Malir district, whereas it has surrendered 7,675 acres to the MDA.

سپریم کورٹ میں بحریہ ٹاؤن نے اپنے تینوں منصوبوں کی زمین کو قانونی دائرے میں لانے کے لیے 4 سو 79 ارب روپے سے زائد کی پیش کش کردی۔

جسٹس عظمت سعید شیخ کی سربراہی میں عدالت عظمی نے 3 رکنی بینچ کے سربراہ .بحریہ ٹاؤن عملدرآمد کیس کی سماعت کی۔

وکیل علی ظفر کا کہنا تھا کہ جس رقبے کی ملکیت سے بحریہ نے انکار کیا ہے، وہاں ہوئی الائنمنٹ کے لیے متبادل جگہ دیں گے۔

وکیل علی ظفر نے صرف بحریہ ٹاؤن کراچی کی 16 ہزار 896 ایکڑز زمین کو قانونی دائرے میں لانے کے لیے 9 سال میں 4سو 35 ارب روپے ادائیگی کی پیش کش کی۔

بحریہ ٹاؤن کی جانب سے عدالت میں پیش کی گئی دستاویز میں کراچی کے منصوبے کی 16 ہزار 8سو 96 ایکڑ زمین کی مد میں 4 سو 35 ارب، تخت پڑی راولپنڈی کی 5 ہزار 4سو 72 کینال کی زمین کے لیے 21 ارب 88 کروڑ 80 لاکھ روپے جبکہ سلختر اور مانگا مری کے منصوبے کی 4 ہزار 5سو 42 کینال زمین کے عوض 22 ارب 71 کروڑ روپے کی پیش کش شامل ہے۔

Supreme Court also ask Malik Riaz to either payback the amount or give to some other location, to those investors whose land in BTK is told to be surrender to MDA back.

After Supreme Court agreement with the Malik Riaz offer, then BTK would be clear from any legal issues. Investors would also take sigh of relief as their investment would be safe.

There is no doubt that Malik Riaz gave a marvellous society to the citizens of Karachi. It would be classic living society for those who want clean, green and peaceful atmosphere.

Malik Riaz made a city like look to its own society whether its Lahore or Rawalpindi / Islamabad. That’s the reason, you would find everything, from branded shops to theme parks, in the same vicinity. So those who want to live in Bahria, they wouldn’t need to go outside for regular items of necessity.

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