bahria town karachi

By

Housing Associates

-

On

February 17, 2023


Basic Questions and Answers for Investing in Bahria Town

 

Whenever a new customer considers investing in Bahria Town, they often search for certain basic information or ask property real estate agents. Today, in this article, we will provide answers to those basic questions to make your research easier.

 

1- What is the Status of the Bahria Town Karachi Land???

 

Bahria Town Karachi had purchased land through various sources, including government and public land. After the Supreme Court's decision, the land has now been transferred in Bahria Town's name. Bahria Town Karachi owns 16,896 acres of land, and a boundary wall has also been constructed by Bahria Town. Customers can now purchase with complete trust, knowing that they will not be located outside of the boundary wall.

 

2- After investing in Bahria, what if my plot is located outside of the boundary wall?

 

The land purchased by Bahria Town Karachi has been confirmed by the Supreme Court and a boundary wall has been erected. After this decision, there is no question of your plot being outside the boundary wall and for the last 2-3 years, anyone who has invested has not had their plot outside the boundary wall. That is why this investment is safe and secure.

 

3-  What is the Status of The disputed land in Bahria Town Karachi???

 

The Supreme Court of Pakistan has taken back that land from Bahria Town. Although Bahria Town no longer has that land, Approx 60,000 customers were affected due to Supreme Court Decision , many affected people whose land was outside the boundary wall have either merged their plots with the projects of other private builders in Bahria Town Karachi or have sold their files in the secondary market at a rate of 40% less. Some people have received a refund of their paid amount, while others (approx 30,000 affectees) are still waiting for a refund or to receive their plots.

 

4- Is there any issue that still exists regarding the NOCs issued by the relevant authorities?

 

There are no issues of any kind that exist now. All departments, including Malir Development Authority (MDA), have given their approval. Its NOC has also been issued, and NOCs from all relevant authorities have also been issued

 

5- Why doesn't Bahria Town Karachi provide lease to its customers?

 

Bahria Town does not provide a lease to its allottees from the first day, which is why bank loans are not approved. This is a major drawback of Bahria Town, but now they have started providing leases in Bahria Town Rawalpindi and will soon start in Bahria Town Karachi. However, providing a lease will only be possible when Bahria fully pays its penalty to the Supreme Court of Pakistan.


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