RSS

Where is Bahria Town Karachi? Is it a scam? Is it Naya Nazimabad?

30 Sep

Bahria Town

Bahria Town has opened registration for three projects in Karachi

  • Bahria Town Icon
  • Bahria Town Tower
  • Bahria Town Karachi

The registration fees are range from Rs. 15,000 for Bahria Town Karachi to Rs.100,000 for Bahria Town Icon. In case of former Rs.5,000 is non-refundable processing fee and in case of latter, processing fee is Rs.15,000. Balance of payment can be used towards installment credit if you are successful in booking yourself an apartment. This is a registration fee and not booking fee as Bahria puts a disclaimer on its website

Disclaimer: This is not the sale of the project but entitles you to the right of booking at the time of project launch.

Emaar Properties Logo

Emaar Properties Logo (Photo credit: Wikipedia)

The registration process is right out of Emaar’s sales strategy or may be Emaar picked it up from Bahria Town as I recall a similar run for Bahria Town application forms somewhere in 2003-2005. The form used to have a five rupee note attached to it with serial number of rupee note matching the serial number of the form and the form alone used to sell at premium. I used to work in a bank in Pakistan at the time and I remember receiving requests from many corporate clients who were millionaires themselves if I can get them an application form.

You can read about Emaar’s abuse of such tactics in Dubai and its role in Dubai bubble here.

*********************************************************

Compared to rest of country, Karachi has a few peculiarities:

There is real shortage of affordable housing in Karachi. Most people find themselves in a position that they cannot afford a decent house or flat in cash or even on mortgage. There are no reputable builders working in Karachi that have a track record as Bahria Town for delivering projects in Lahore and Islamabad. So when Bahria Town announces a project which people deem would provide them with affordable housing or even a quick buck by flipping it to people who are genuinely searching for affordable housing, everyone jumps on the bandwagon.

*********************************************************

Malik Riaz, owner of Bahria Town, is a crook when buying or occupying land but when it comes to selling houses or projects to its clients, I have only heard good things about Bahria Town from its residents. But that has just been the experience of people I know. Other people might have had a different experience.

However his crookedness knows no bounds:

Bahria Town encroached 1,400 kanals of CDA land: Report

ISLAMABAD – Though the Capital Development Authority (CDA) has submitted a report to the Suddle Commission which states that around 1,400 kanals of civic agency’s land located in Zone-IV has been encroached by Bahria Town…..

“In the report we have mentioned two ways how CDA would resolve the encroachment issue with the Bahria Town. Bahria Town will be given two options, either to vacate the land or pay the price of encroached land,” said an official who prepared report.

“Bahria Town will be charged Rs 12 million per Kanal. It is the same price that the Authority has earlier charged against one kanal of land in the Park Enclave,” official said. This shows that according to CDA’s estimates Bahria Town has encroached land worth Rs 16.8 billion.

Official sources said that Bahria Town had already started selling commercial plots carved out on encroached land.

Then there was a time when Malik Riaz duped even the rulers of Abu Dhabi and Pakistani nation into believing that he will be building world’s tallest tower in Karachi.

Abu Dhabi Group to invest $45 billion in Pakistan

ABU DHABI: Former chairman and present consultant of Bahria Town, Malik Riaz Hussain has signed an agreement with His Highness Sheikh Nahyan bin Mubarak al Nahyan, Chairman Abu Dhabi Group, Union National Bank and United Bank Limited under which $45 billion will be invested in Pakistan.

The investment will be made in various construction projects, and is the biggest-ever foreign investment in Pakistan. Out of the total investment value, $10 billion will be invested in Islamabad and Lahore whereas $35 billion will be invested in Sindh.

The story was given critical examination only by Amir Mateen in The Spokesman as Malik Riaz had bought all the other newspapers with full page announcements and advertisements

The biggest-ever media con

Is this funny, sad or simply stupid. The clarification by Abu Dhabi Group about their alleged $45 billion investment in Pakistan may have exposed lots of things — and lots of people. One Malik Riaz of Bahria Town for sure.

He virtually conned the Abu Dhabi Group, Pakistani media and the public. We already knew about his hold on the Pakistani media….The Bahria advertisements worth billions of rupees have simply blinded media owners who ensure that nothing is published against Bahria Town.

The announcement of a whopping $45 billion investment in Pakistan was a dream-come-true story. This too at a time when nobody wants to invest a penny in Pakistan, and half of my foreign friends want to send their mothers-in-law for ‘sight-seeing’ in FATA.

It was simply mind-blowing. The UAE sacrificed its pride for having the world’s tallest building, Burj Khalifa. And because Malik charmed them so well, they let Karachi have the honour. Apart from building the world’s tallest building in Karachi, the other attractions included a financial hub, sports city, international city, media city, educational and medical City, miniatures of the world’s seven wonders. It was amply flashed that “these projects would employ more than 2.5 million people and boost more than 55 industries like cement, bricks, iron, steel and glass.”

The so-called most credible English newspaper went a step ahead by giving a joint dateline of Karachi and Islamabad instead of Dubai. It added colour to the story by quoting a Karachi magnate, of course on the condition of anonymity, that the construction site would be “Kutta Island,” which is 3 to 4-km off the coast of Karachi. It went a step further than what Malik Riaz had claimed, informing readers that “the Abu Dhabi Group-Malik Riaz would, apart from the above mentioned projects, also launch into building of 125,000 houses on the island.” (sic)

Not a single journalist bothered to even check if there was any news of this sort on any website of the UAE companies or whether Sheikh Nahayan had actually said those words. The half-page advertisement on newspapers’ front pages, showing Malik shaking hands with the Sheikh seem to have blinded everything. Or perhaps they were told not to test their editorial discretion.

My Dubai friend, knowing Bahria’s leverage on Pakistani media, could understand that the news got carried on the first day. “But how about the five days after that,” he asked, confused. “Why nobody followed-up on the story that was supposed to be the biggest investment in the country’s history.”It turns out that the Abu Dhabi Group and the UAE government was aghast at the development. But since they have lots of investment here they did not want to embarrass Pakistanis.

Obviously, the Dubai rulers knew they were duped into that photo-up and their reputation was being used for petty benefits. It is easy to understand the benefits. This kind of news changed the scenario for Malik Riaz. He was being hounded by the courts in numerous cases, some of them seriously heinous. He was in conflict with LDA over opening new housing schemes in Lahore without permission. He was also in conflict with the army for land dispute with DHA that affects thousands of former army officers and jawans. All of this may have shaken the public confidence in his housing projects. In monetary terms this could mean a loss of billions of rupees for him. Such news about building the tallest building in Karachi is worth a lot though.

But you don’t get to where Malik Riaz is without having nerves of steel. The Abu Dhabi group story is dated 16 Feb 2013. IWhen the story finally broke down that there was no Abu Dhabi Group behind the fantastical project after a week, Malik Riaz went and got himself another savior. The following story is dated March 12, 2013.

Pakistan’s 1st Island City: Bahria Town signs $20b deal with US tycoon

ISLAMABAD: American real-estate tycoon Thomas Kramer and Bahria Town CEO Ahmed Ali Riaz Malik signed a $20 billion agreement for Pakistan’s first-ever Island City, Bundal & Buddo Islands, Karachi.

A joint consortium of international investors will join hands to develop this project and the deal with Kramer is the first level of this agreement. Announcement of other global investors from the Middle East and around the globe will be made soon.

Covering 12,000 acres of land, this project will be developed in a span of 5-10 years but the residential communities will start being handed over to people in 2016. The global attractions of the project comprise world’s tallest building, world’s largest shopping mall, sports city, educational & medical city, international city and a media city – all having the most modern facilities and amenities and the most advanced infrastructure.

So the project moves from Kutta Island to Buddu and Bundal Island yet still no newspaper questions its credibility. However, Malik Riaz had wisened this time. He even involved Thomas Kramer in this scam as evident from Thomas Kramer’s own website. It is reproduced in full below just to give you a flavor of what happens when one con artist meets another con artist (they may have been successful developers earlier but recently both Riaz and Kramer are acting more like con artists).

Karachi is getting the Biggest Island Development in the World!

A bold step was made for the future of Pakistan: Its biggest real estate tycoon Malik Riaz was able to convince the US-German real estate visionary Thomas Kramer to jointly develop the first Island City off the coast of Karachi, named Bundle & Buddo Islands.

A spokesman of Bahria Town expressed what an honor it was to join hands with a entrepreneur of Thomas Kramer’s caliber: After all, the “quick change artist,” as Thomas Kramer is described in a recent New York Times article, has a reputation for knowing how to get impossible things done.

In the early 90’s Thomas Kramer took a helicopter ride over South Beach and had a vision: to create an international hot spot on the Southern tip of Miami Beach. What happened there, in less than a decade is absolutely mind boggling. The area was then a slum and full of dilapidated buildings. Thomas Kramer invited 11 world-renowned architectural firms to his world famous Charette. With his vision and foresight, he pioneered luxury living in Florida by transforming the once-blighted neighborhood of Miami Beach “South of 5th” into a sophisticated world-class destination.

Newspaper Karachi Master 2 Karachi is getting the Biggest Island Development in the World!

Thomas Kramer’s South Beach Vision and South Beach today

Almost five years ago, Thomas Kramer met Malik Riaz in Islamabad where he invited him to visit his developments in South Beach.A year and a half later, Thomas Kramer was able to welcome Malik Riaz to 5 Star Island, his luxurious mansion. Malik Riaz was highly impressed by the degree of efficiency, innovation and quality that he saw in Thomas Kramer’s projects. Actually seeing the realization of a world-class development is better than any PDF presentation.

Newspaper Karachi Master 3 Karachi is getting the Biggest Island Development in the World!

Mailk Riaz and TK visiting Apogee Towers in Miami Beach in front of Portofino Tower

Convinced that he found the right man for the job, Malik Riaz invited Thomas Kramer back to Pakistan where he offered him the use of a helicopter to spot potential development sites along the coastline. After days of inspection flights, Thomas Kramer was most impressed by the beauty of a chain of unoccupied islands, roughly 16,000 acres, located 2 miles outside of Karachi and just 12 miles away from Jinnah International Airport.

Most striking to him are the similarities between the Island of Karachi and Miami Beach in terms of climate and vegetation – obvious when comparing historic Miami Beach pictures, prior to its development in the early 20th century, with the Island of Karachi today.

Newspaper Karachi Master 4 Karachi is getting the Biggest Island Development in the World!

View of the Island of Karachi today and Miami Beach in 1910

 Finally, through unwavering persistence, Malik Riaz was able to secure a 100-year lease with an automatic additional 100-year lease renewal option on this land. Having signed the initial contract in March 2013 (The Express Tribune), both parties are now ready to bring their vision a high-end, self-sufficient waterfront hot spot to life.

Newspaper Karachi Master 5 Karachi is getting the Biggest Island Development in the World!

Ali and Malik Riaz signing MoU with Thomas Kramer in March 2013

The deal is worth USD 20 billion and the project is expected to be completedwithin 10 to 15 years. The first committed financier was Abu Dhabi. At the deal signing, Thomas Kramer stated that this project − along with boosting the region’s economy and garnering the interest of international investors in the realty sector − will likely help eradicate terrorism in Pakistan. Furthermore, he believes that this is a unique opportunity that will put Pakistan back on the map of leading nations in the world.

Newspaper Karachi Master 6 Karachi is getting the Biggest Island Development in the World!

Birds view of Miami’s South Beach and Bundle & Buddo Island

The project covers 16,000 acres of land. The global attractions of the project include the world’s most sophisticated marina, some of the world’s tallest buildings, the world’s most beautiful shopping arcades, a Sports city, an Educational and Medical city, an International city and a Media city. Each will have the latest in modern facilities and amenities as well as the most advanced infrastructure. Like in Miami Beach, Thomas Kramer was able to negotiate a connecting highway, 12 mile long and 8 lane wide, from the Island City to Jinnah International Airport.The entire city will be a “high security zone” with its own desalination plant that will convert sea-water into potable water. Power generation plants will enable it to be completely self-sufficient. Moreover, the project will have mosques, cinemas, spas, golf clubs, schools, hospitals and other global standard amenities to furnish a modern lifestyle. The first phases of the development will be available in 2016.

And again it was only Amir Mateen of The Spokesman who did some excellent work and ask pertinent questions:

Kramer versus Malik Riaz : Not Again

Malik Riaz has pulled another rabbit out of his Bahria hat. As the Abu Dhabi Group backs out of the $45 billion deal that never existed in the first place — enter Thomas Kramer.

Again, the same dazzling picture of the world class retreat, encompassing the world’s tallest building 3.5 km off the Karachi coast was painted. Only the protagonist of the fairy tale was changed from the Abu Dhabi Group to US investor Thomas Kramer. Geo TV quoted Bahria Town spokesman claiming that Kramer had committed $15 to 20 billion investment in developing “Bodha Island city,” which will have “Net City, Education City, Health City, Port City and other infrastructure projects.”

The spokesman claimed, “the worlds’ most modern shopping mall will also be built” and link Karachi to the Island through a six-lane bridge.

Interestingly, the same group had published news on Monday, quoting the same spokesman, who bragged about an investment of 15 to 20 billion ‘rupees.’ During the day, rupees turned into dollars. 

Transparency International says Bahria could not be given the project as it was declared as “cheats and frauds” by three statuary and regulatory authorities -the Federal Tax Ombudsman (FTO), the Security and Exchange Commission of Pakistan (SECP) and the Lahore Development Authority.Transparency quotes the State bank of Pakistan and the SECP which issued advertisements on February 23 warning that “the public should beware and not be misled by the fraudulent activities of deposit, loan, and investments through such advertisement.”

Bahria Town, it says, took advance money from investors illegally, besides the tax evasion of Rs 119 billion as mentioned by the FTO. The report lies with the FBR and may be taken up by the next government to recover this huge amount from Malik Riaz. May be!

Transparency mentions numerous cases where Malik Riaz was found involved in, to name a few, “corruption, black-mailing, extortion, land-grabbing, forgery, fabrication of evidence.”

So where does this leave the glamourous project? Frankly, it suits everybody. Malik Riaz got the island through dubious means and will not mind to give a huge stake to the American investors. Money will come from the public who are already being shown the dreamy image of the recreated Miami. The media story flashed on Monday shed light on the dazzling projects that Kramer had accomplished in Florida and how he turned around the pirates’ den across Cuba into one of the priciest real estate in the US. And why should Kramer not be interested. He gets a good deal — the island, the naive public dying to book an apartment in the dream world, the official approvals — for just showing up. 

Who was investing $20 Billion? Was it $20 Billion or Rs.20 Billion? As a follow up to above story, I am at a loss to quote first the Kramer story or Buddu Island story. Let me start with Kramer story:

Thomas Kramer’s South Beach Story Ends With $200 Million Court Judgment

That morning marked a new low in one of the most incredible rise-and-fall stories in Miami Beach’s storied history of booms and busts. In the 1990s, Kramer was SoBe royalty, the man who’d spearheaded the South of Fifth revival and ruled from a waterfront mansion where wild shindigs sometimes turned into outright orgies. More than anyone, he symbolized an era of glamour, decadence, and carefree excess.

Now it was all over thanks to a Swiss court ruling in January that Kramer had to repay nearly $200 million to a German currency-printing dynasty. His appeals were up. Everything had to go — the house, the staff, the jewelry, the extensive cellar of vintage wine, even the taxidermied giraffe that greeted visitors in the hallway. Because of my job in Kramer’s mansion, I had a unique front-row seat for his last days in Miami Beach. I saw one man’s desperate efforts to salvage his name and his livelihood, afraid but hopeful that some last-minute opportunity would save him from financial ruin.

In fact, by the time he dismissed his staff, Kramer had already found the man he believed could be his long-shot savior: a scandal-tarred Pakistani plutocrat named Malik Riaz who wanted a partner to build a $20 billion island city in Karachi. Riaz, Kramer said that morning between sobs, was his last best hope.

“This is a once-in-a-lifetime chance to bring Pakistan back on the map of the leading nations in the world,” Kramer later said of the project.

If he succeeds in Karachi, Kramer could pull off the ultimate coup in a career full of remarkable comebacks. If he fails, though, it’s anyone’s guess how low he could fall.

Excuse my french, but you would be right in asking what Chutyapa is going on here. Now for the Island story

PQA, others stopped from working on twin islands

KARACHI, June 13: The Sindh High Court on Thursday restrained the Port Qasim Authority and other respondents from carrying out construction or any other activity on islands located at the western end of the Sindh coastal zone near Karachi.

The petition was filed by Shahid Hussain Soomro, a worker of the Pakistan Muslim League (Functional), who impleaded the chief secretary, port and shipping secretary, PQA chairman, senior member of board of revenue and the chief executive officer of the Bahria Town, Islamabad, as respondents.

The counsel stated that the PQA was an authority of the federal government that had nothing to do with the allotment of valuable lands and islands belonging to the provincial government. He said it was a matter of record that the then chief minister had in 1974 approved the summary for allotment of 13,000 acres for the PQA. However, he said, it was clearly mentioned that the PQA would not use the allotted land for commercial purposes.

The counsel argued that the deal between the PQA and the Bahria Town was contrary to fundamental rights guaranteed under Article 19-A read with Article 4 of the Constitution.

The petitioner prayed to the court to declare that the allotment of the islands to Bahria Town was illegal, unlawful and ultra vires of the law and without jurisdiction. He also prayed to the court to restrain the respondents from carrying out any construction and agreement on the impugned property.

It wouldn’t be Malik Riaz if he stayed out of news for long.

SC directs FIA to probe Rs40 bn EOBI scam
ISLAMABAD: The Supreme Court on Monday ordered to bring the looters of the public money to book, directing the Director General of the Federal Investigation Agency (FIA) to probe the alleged Rs40 billion corruption in the Employees Old-Age Benefits Institution (EOBI) and submit a report to it within 10 days.

At the outset of the hearing, former director Town Planning, Defence Housing Authority DHA, Col (retd) Tariq Kamal alleged that some 400 kanal land near Rawalpindi was handed over to Bahria Town without any financial consideration and the land was later purchased by the EOBI for investment purposes.

*********************************************************

So far we have established three things:

1. Karachi has a real shortage of housing

2. Malik Riaz as a developer has reputation of delivering to clients

3. Malik Riaz is a criminal (but then everyone is. Here is ‘PAF forcibly occupied CAA land & convert it into private housing society‘. PAF acquired that land in national interest to build a radar station but ended up selling it as a residential housing society.

So where does that leave the current projects in Karachi. I have a few issues with them.

1. Above is a logo Bahria Icon Tower. How an under construction tower be a SUCCESS? On what basis did the tower won the property award? Who gave it an award and based on what: architectural drawings?

2. Above is one of the term of registration of Bahria Town saying that size of the house, plot, its price and rest of the details would be finalized at the time of booking.

Registration fees that you are paying is for the privilege of being invited to the booking event. Why would any investor put up money for something for which he has no idea he is buying or whether he can even afford to or would like to buy.

3. Finally, there has been no infomration where is this Bahria Town located.

One must be crazy for putting money for a project for which we don’t know where it is located, what is the size of the project, what is the shape of project, what are we buying in the project. Even small projects need approval from municipal development authorities but in Karachi whose infrastructure is already creaking, a project of this size would need major approvals for bringing in water, gas etc to the development but no one seems to care.

A friend who works in foreign bank in Karachi says colleagues around him are going crazy filling in multiple application forms. Friends in other banks also told me similar stories. People are calling in from up country even overseas (one friend received four phone calls from his friends and family abroad in one day inquiring about how to invest in the project).

But no one is asking where is the project located?

Talked to a few people and they don’t care about the project much. They are in it to make a quick buck by flipping the property to the next sucker. Most of them also know that this might be a game of “pass the parcel” with the last one holding the parcel being the ultimate sucker. In the words of disgraced Citibank CEO

“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing,” he said in an interview with the FT

And then music stopped and we all knew what happened to Citibank.

1. Arif Habib couldn’t sell the project because of its location. However, by duping in people with Bahria name and probably with significant cash, Bahria Town may just be able to kick-start the project

2. For the project of this size to be located anywhere else in Karachi, lot of approvals will be required from KBCA and KDA and other agencies for provision of utilities. There has been no record of Bahria Town seeking any approvals from civic agencies or negotiating with utility and infrastructure companies in Karachi. This means two things: either the project is outside Karachi or all those approval have already been obtained. For the latter case, only Naya Nazimabad qualifies as they have all such approvals.

3. Sources within Arif Habib tell me that Arif Habib has already sold its significant stake in Naya Nazimabad.

About these ads
 
70 Comments

Posted by on September 30, 2013 in Economy, Finance, Media, Society

 

Tags: , , , , , , , , , , , , , ,

70 responses to “Where is Bahria Town Karachi? Is it a scam? Is it Naya Nazimabad?

  1. Yasir Hasan

    October 3, 2013 at 1:47 pm

    So what if it is Naya Nazimabad… Still nearer than DHA City (which is quite valuable by the way)…

     
    • Raheel

      October 4, 2013 at 5:22 pm

      It is too far and can be declared as a remote location, also all the ways to get naya nazimabad from any other part of city are extremely dangerous. Naya nazimabad is located between bhutto colony and manghopir.

      Either bahria town karachi can be naya nazimabad or it can be somewhere near noriyabad (super highway).

       
  2. Maliha

    October 3, 2013 at 6:09 pm

    The kid (Pakistan) whose parents drop him off in the middle of no where is a worse orphan.Let the looters loot him until some one is sent By Allah to save him….May Allah Give this Nation a courage to stand for themselves.But a nation who is not interested to know whether the food is Halal or Haram before eating it seems far from being saved yet.God bless us all.

     
    • usman

      November 11, 2013 at 7:07 pm

      well versed and well quoted.

       
    • imran

      February 15, 2014 at 9:05 pm

      fully agree

       
  3. kamran

    October 4, 2013 at 5:55 pm

    Bahria town is fraud and looting money of investors.After ban from civic agencies in Islamabad,rawalpindi and lahore,Malik Riaz has forged a new strategy to save Bahria town from bankruptcy and then to flee secretly to UAE

     
  4. Shahid

    October 5, 2013 at 8:23 pm

    As experienced last whole day rushing from here n there just like a mob moving without leader…. I did download bahria town’s forms from its website and took an special time to fill the same required details on different pages… Rushed towards the designated bank branches. My face was to be seen when got the response by banks that we have been given other type of forms and don’t accept downloaded forms which i was carrying. And then came to know that these are being accepted only at its office located at tauheed commercial, i rushed there and was astonished when saw thousands of people standing outside bahria town’s office. My memory just clicked a scene some years ago i did capture in, same size of crowd standing at phase-iv to get bahria town forms for some project in lahore, that moment i was in the list of those luckiest and successful mads who conquered that fight…And i did same as others, got one form in Rs.500 and in the same time sold that form much amount to a broker who came from lahore… By explaining all this, it can be understood that why this hype has been created and what was the reason to keep the procedure unresolved for ordinary citizen….. viewing the interest of people, why submission date has not been extended… God bless us all.

     
  5. Abdullah Khan

    October 5, 2013 at 11:12 pm

    Dear Clients

    are you willing to sell your Bahria Town Karachi’s Paid Receipt at ON money!!

    I’m Offering ON money for buying receipts

    anyone interested to sell their receipt then feel free to contact as soon as possible

    Regards

    Abdullah Khan

    0344-2542897
    Corporate Estate & Asset Management

     
    • Bilal Ahmed

      October 7, 2013 at 5:35 pm

      How much is the offer on 3 plots and 2 commercials?

       
    • IMRAN

      October 17, 2013 at 7:21 pm

      I want to sell my bahria town Karachi slips . if you are interested then contact me
      internshippk@gmail.com

       
    • Mohammad

      November 12, 2013 at 10:32 pm

      You can keep your slips with you and later use them as toilet paper to wipe your ass when you end up as ‘suckerberg’.

       
      • amaduddin

        November 17, 2013 at 6:44 am

        Naam daikho aur zabaan daikho :)

         
      • Mohammad

        November 18, 2013 at 7:45 am

        Haan bhai aap kaam dekh ke nahi sharma rahey tu aur kya bolo? Shabbashi don ke beta aur choona laga

         
      • amaduddin

        November 18, 2013 at 11:07 am

        Mohammad (peace be upon him) nay Kafiron ki gali ka jawab dua say diya tha. Don’t let Malik Riaz shape your personality.

         
  6. Bilal

    October 10, 2013 at 8:53 am

    After reading this lengthy article I have failed to understand that why the receipts r being purchased with premium of over Rs30,000/-? Even if the project is on super highway, it is next to DHA city, which was declared rubbish in the beginning by similar stalwarts, but today each plot is having premium as high as Rs8 Million. I may agree to what has been stated by the author about false stories related to UAE & US investors, but not to turn our eyes from Bahria Town projects in Punjab where out of about 14 project only 2 are having disputes attached with them. I applied for 2 plots in Bahria town khi projects & with in 76 hours I have the offers from dealers willing to purchase the receipts with premium. If this is fraud then i don’t care, as far as common men is making profit of over 200% in 3 days.

     
    • tau kaan

      November 3, 2013 at 11:57 am

      i totally agree with u.

       
    • Jiang Ding

      November 7, 2013 at 1:13 pm

      You mean, satta, jua anything is Okey if bring profit to common people? May Allah Bless us.

       
      • Faisal

        November 20, 2013 at 7:22 am

        very right!

         
    • Mohammad

      November 12, 2013 at 10:37 pm

      Answer is simple, “greed”.

      As long as suckers exist in Pakistan fake marketism and dream selling will never fail in our beloved Pakistan. You cannot compare DHA to Riaz Thekedar, he is a well known criminal. DHA was known to exist on highway but Bahria town only exists on papers and card files.

       
    • kashif mushtaq

      November 22, 2013 at 6:29 am

      agreed. I purchased plot in Bahria ISB phase 8 and within a year its 300% .

       
  7. tahreem

    October 14, 2013 at 11:37 am

    where is bahria town houses are locataed ?? please tell us the the exact location .?
    thank you.

     
    • 2paisay

      October 14, 2013 at 12:33 pm

      So far it is Naya Nazimabad

       
    • Mohammad

      November 12, 2013 at 10:39 pm

      Exact location of BT Karachi is on papers put safely in a card file by a sucker waiting for bigger sucker to buy it. It does not exist anywhere, not decided. Sorry to disappoint you.

       
  8. rubina

    October 16, 2013 at 3:55 pm

    rubina. 16.oct.2013/ i perchased form askari bank .paid 500 in sep. but not paid 15000.so this form allow to apply or sell.pl, reply.

     
    • Mah

      October 19, 2013 at 6:42 pm

      No. I wish u should have completed the procedure required, by depositing the advance money(15000/-) aswell. Better luck next time.

       
    • sadaqat shaukat

      November 24, 2013 at 1:32 pm

      yup
      03014177005

       
  9. Abdullah Haroon

    October 25, 2013 at 8:04 pm

    Beware of Bahria Town Karachi, because this big fraud of Malik Riaz and Company, has been one time befor opened for registration and nobody did not know aaaabout the location and schedule of payments for each cadre, its registration is the source to collect the huge amount from the people of Karachi, for the sake to buy a distant or remote cheap location of land at where most of the registered members will not be interested to live over there so beware and unite for the refunding of yours Halal amount of fifteen thousands.

     
    • tau kaan

      November 3, 2013 at 11:53 am

      dont worry it wont happen,
      bahria town has long sucess stories behind it, they won many foreign awards , show me any other construction company in pakistan who have that kind of sucess.
      plus every big name have many enemies in the world who put cases in court to grab some money from them.
      there are soo many jealous people who can’t see any body from over country to grow in this magnitude.

       
  10. Aisha

    October 28, 2013 at 2:09 pm

    is it only the scam in real state of Karachi, some more names are there, why every one is quite? like Kgc….;

     
  11. Farooq

    October 29, 2013 at 4:21 pm

    hello i try to submiit Registration form at Bahria town office, there were so much rush on last day, and they said they will extended the date , so any one let me know . is there is any extension of date . ? and what i do for that pay oder that i made for Bahria town , ? is any official of bahria town could respond thanks
    please reply to my e mail Baig321@yahoo.com

     
    • tau kaan

      November 3, 2013 at 11:56 am

      please call them on 0800-00100.
      but they did not extended the date and its over now.

       
  12. Rashid

    November 7, 2013 at 7:19 am

    Guys……! I want to laugh on the agents who wants to make money and trying to make scam to the innocent people by bayed registration with 15K and want to sale in hundred thousands …… Bravo……! its not yet final where will be the project and how long it will take and what is the Guarantee that the project will be successful…. think about it….

     
    • amaduddin

      November 17, 2013 at 6:52 am

      I believe that is the risk one has to take when considering any investment opportunity. There is no such thing as safe investment. There is always risk. Thats what makes the profit justified.

       
  13. zain

    November 9, 2013 at 6:19 am

    Bahria town Karachi registration is open now. the transferred forms of bahria town Karachi which you bought at the price of 15.000 and enrolled with your name, can be re-open , the price for re-opening is about 1,000. there is a good news whom have bahria town Karachi forms, currently you can take 55,000/ profit of each form that is remarkable profit .
    you just invested 15,000 and on sale can take 70,000 total amount of each form. Due to opening form opportunity the value of transferred forms regain.
    if you want to sale your forms at best price you can contact me
    Zain
    0321-2517011

     
  14. Zain

    November 10, 2013 at 7:45 am

    Bahria town Karachi registration is open now. the transferred forms of bahria town Karachi which you bought at the price of 15.000 and enrolled with your name, can be re-open , the price for re-opening is about 1,000. there is a good news whom have bahria town Karachi forms, currently you can take 105,000/ profit of each form that is remarkable profit .
    you just invested 15,000 and on sale can take 120,000 total amount of each form. Due to opening form opportunity the value of transferred forms regain.
    if you want to sale your forms at best price you can contact me
    Zain
    0321-2517011

     
  15. zain

    November 11, 2013 at 5:32 pm

    Bahria town Karachi registration is open now. the transferred forms of bahria town Karachi which you bought at the price of 15.000 and enrolled with your name, can be re-open , the price for re-opening is about 1,000. there is a good news whom have bahria town Karachi forms, currently you can take 95,000/ profit of each form that is remarkable profit .
    you just invested 15,000 and on sale can take 110,000 total amount of each form. Due to opening form opportunity the value of transferred forms regain.
    if you want to sale your forms at best price you can contact me
    Zain
    0321-2517011

     
  16. zain

    November 11, 2013 at 5:36 pm

    Current Market:
    Market Is Not Good, Day by Day invester taking not much interest in buying open file in 110k. today open file rate 110k. 11/11/2013

    Bahria town Karachi registration is open now. the transferred forms of bahria town Karachi which you bought at the price of 15.000 and enrolled with your name, can be re-open , the price for re-opening is about 1,000. there is a good news whom have bahria town Karachi forms, currently you can take 90,000/ profit of each form that is remarkable profit .
    you just invested 15,000 and on sale can take 105,000 total amount of each form. Due to opening form opportunity the value of transferred forms regain.
    if you want to sale your forms at best price you can contact me
    Zain
    0321-2517011

     
  17. zain

    November 12, 2013 at 3:56 pm

    Authorized Dealer Bahria Town Karachi
    Bahria town Karachi registration is open now. the transferred forms of bahria town Karachi which you bought at the price of 15.000 and enrolled with your name, can be re-open , the price for re-opening is about 1,000.
    Buying: 125000/- each open file
    if you want to sale your forms at best price you can contact me
    Zain
    0321-2517011

     
  18. Aftab Hussain Malik

    November 13, 2013 at 8:08 pm

    BT Karachi would be a success,Inshaw Allah.
    Few by default Saroos are burning as its their profession.BT would deliver as it did in Isloo & Lahore.

     
  19. zain

    November 15, 2013 at 2:44 pm

    Authorized Dealer Bahria Town Karachi
    Bahria town Karachi registration is open now. the transferred forms of bahria town Karachi which you bought at the price of 15.000 and enrolled with your name, can be re-open , the price for re-opening is about 1,000.

    Buying: 155000/- each open file

    if you want to sale your forms at best price you can contact me
    Zain
    0321-2517011

     
  20. iftikhaar

    November 16, 2013 at 7:38 am

    today plot price : 195000. ap lartay raho

     
    • shahab

      November 17, 2013 at 8:51 am

      hy is it true today price for Karachi project is 195000/-

       
  21. Aftab Hussain Malik

    November 18, 2013 at 2:19 am

    Dear Bahria Town Fans (Inland & Abroad) !

    Bahria Town Karachi is in the lime light these days so if you wish to Buy/Sell these open slips

    /forms at an attractive price ,You are always welcome.

    Rates are changing day by day basis.

    Please do consult wherever you are buying or selling it.

    [Forecast of Price of Bahria Town Residential File is Rs 2.5 Million]

    We also offer wide range of Advisory Services on Investment in Bahria Town ,Pakistan.

    Mr.Malik

    +92-300-5151712

     
    • s_atharbilal@hotmail.com

      November 20, 2013 at 8:24 pm

      Can u pl reply on s_atharbilal@hotmail.com , regarding
      1- what is last date of registration sale/purchase?
      2- How much chances if i purchase any registration form. I mean if I m going to purchse costly than is it 100% sure about my plot?
      3what is expected amount of plot of baharia town, Khi?
      4- what is exact currently expected location of this town. Either before DHA city or Naya Nazimabad?

       
  22. Mohammad

    November 18, 2013 at 7:46 am

    Before purchasing so called useless registration slip, PLEASE get it verified from Bahria Town office. If registration fee was not deposited by original buyer within deadline then the slip will prove to be the most expensive toilet paper you will ever purchase in your life.

     
  23. King

    November 21, 2013 at 6:54 pm

    The updated price for BT Karachi is 210,000.

     
    • Mohammad

      November 22, 2013 at 11:01 am

      New updated price is Rs 2 million, anyone interested?

       
    • Ahsan

      December 9, 2013 at 6:17 am

      i have 15 bahria town karachi open files which i would like to sell, only serious buyers sms me their offer @ 0315-8221509

       
  24. Mohammad Ali Hussain

    November 22, 2013 at 1:55 pm

    i have 10 bahria town karachi open files which i would like to sell, only serious buyers sms me their offer @ 03312186030

    Thanks

     
  25. bashwar

    November 24, 2013 at 9:40 am

    Today value of slip of Rs. 15000/- is gone up to 2.5 million (p). anyone interested to sale contact me urgently.

     
    • raheel

      November 24, 2013 at 7:40 pm

      bashwar ..i want to sale my open slip ..my demand is 2.5 lac..u or any one want to buy..plz contact at..03454300084

       
  26. amrose haroon

    November 27, 2013 at 6:31 am

    AOA
    O2 x files are available for sale total price 500000 , one file at 250000 including 15000 down payment own 235000
    mobile 0344 5534654

     
  27. M.Faisal

    November 28, 2013 at 5:48 pm

    (ANSS MARKETING)

    Bahriya Town Lahore & krachi

    today krachi form rate is

    Buy 80,000

    Sell 90,000

    if u want to update rates so contect me at :

    M.FAISAL

    0323-4321563

    0321-4080886

     
  28. Rabbas

    December 1, 2013 at 8:51 am

    I have two files me and my wife, I got registration from Islamabad through my cousin. Now a days I am living in abroad and my wife is in Karachi. I want to sell my both files, plz tell me what I will do.

     
    • Malik

      December 2, 2013 at 5:55 pm

      Hello,Don’t worry,Kindly tell your wife to get one file i.e. in her name to open from BT Kci office and for the other one in your name must be kept as token of fate till its draw.In other case she may launch an official query while presenting the relationship certificate and proof of your stay at overseas.
      Regards

       
    • Zubair

      December 13, 2013 at 4:38 pm

      first you hace to open then sell it .. but mandantory thing at the time of open file appicant must be there for more information contact me 0313 2139847

       
  29. M.Faisal

    December 2, 2013 at 5:38 pm

    (ANSS MARKETING)

    Bahriya Town Lahore & krachi

    today krachi form rate is

    Buy 140,000

    Sell 150,000

    if u want to update rates so contect me at :

    M.FAISAL

    0323-4321563

    0321-4080886

     
    • Ash

      December 5, 2013 at 6:41 pm

      Today rates are 210,000/-, an increase of 60,000/- in a single day. Estimated value by end December is 500,000/-. Apne form jaldi me na beech dena. Where r now the professors who were calling these form as useless tissue papers?

       
      • Mohammad

        December 9, 2013 at 6:19 pm

        LOL, a project which does not exist any where, location not known, total price and installments no guarantee and full speculation is going on. I love my Pakistan, full of idiots!

         
    • ibrahim

      January 26, 2014 at 3:31 pm

      I hear that the location of bahria town karachi is near to hawxbay scheme 42.

       
  30. Asad

    December 8, 2013 at 7:48 am

    hi,i got three registrations in bahria town karachi.
    At the moment i am not interested to open or sell it.
    Do i still need to reconfirm my forms from bahria town office?

     
  31. Zubair

    December 13, 2013 at 4:40 pm

    what a latest price of old appilcation .. can any one update here

     
  32. fahad

    December 19, 2013 at 10:29 am

    i want to sale my two registration slips of Bahria Town KArachi on urgent basis. Demand 160000 each.
    03332082246

     
  33. M.Faisal

    December 19, 2013 at 4:27 pm

    (ANSS MARKETING)

    Bahriya Town Lahore & krachi

    (Krachi Form) (Opel Form) (PerlL Form) sell $ Purchase

    if u want to update rates so contect me at :

    M.FAISAL

    0323-4321563

    0321-4080886

     
  34. Mohammad Fahad

    January 27, 2014 at 7:42 am

    leave every thing and tell where is bahria tow located?????????????

     
  35. Mohammad Fahad

    January 27, 2014 at 7:44 am

    ywr i heard that bahria town is located near superhighway Gulshan e maymar …. … … is it true … please tell

     
  36. Shah

    February 6, 2014 at 11:31 am

    Hi
    I have got two slips and I have to pay tomorrow 7th February last date
    Some reason I can not make it any one wanna buy plz context me.
    0777 2795065

     
  37. Shah

    February 6, 2014 at 11:32 am

    Hi

    I have got two slips and I have to pay tomorrow 7th February last date
    Some reason I can not make it any one wanna buy plz context me.
    07772795065

     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

Join 67 other followers

%d bloggers like this: