Salam, readers, well it is very sad news for Bahria town Karachi, we all have info that Bahria town cancelled the all old Karachi down-paid and 1 installment files including commercial. If it will happen finally then it will be a great loss for those who invested in Bahria town Karachi, and I am afraid it will have a bad impact on Bahria town in future and probably will dilute the image of Bahria town .
This is very unfair policy of Bahria town. In sector- F Bahria town gave the facility of emerging of civic commercial. So the only ones who are benefited are those who have down-paid or one paid instalment of sector-F files. Those given the installment timely they were not facilitated by Bahria town. It was clearly an unbearable policy and even surcharge waive off facility in Ramadan and Eid package given to down paid or 1 instalment files. My investor had the 3 files of 1 kanal in sector -F and he also has civic commercial and he wanted emerging too but he was failed to emerge, because his fault was that he only submitted installment timely. After seeing what happened in Sector-F, people didn’t submit installments especially in Lahore and Punjab. Now we got this canellation news, I can tell you one thing that when they blocked these files in December i went to Bahria orchard and Bahria official member told me that in the coming week restoration policy will be announced so you have to wait for it, and meanwhile some realtors unblocked their files under the table it is totally unjust.
Well, after we got the confirmation of cancellation in Lahore, investors and dealers made a plan of massive protest at the entrance of Bahria town on daily basis until the decision will be reversed. So yesterday Bahria dealers association requested to postpone and took responsibility that they will talk to Bahria higher management and will give time to submit installments for restoration of blocked/ cancelled files. If Bahria dealer association will fail to negotiate then investors and dealers have a plan to protest until the decision is reversed so i request you all who are a victim of this situation that you must consult with their dealers in Bahria town Lahore or Karachi and do active participation in protest against cancellation of Bahria town Karachi files.
In the end one question is raised why Bahria town cancelled . If we see the previous record Bahria town haven’t done it before like this , without ballot and in the starting they cancelled a numerous files of all projects. It is due to over-selling and now they want to get rid of it. But one thing i assure you of is if Bahria town will not reverse this decision it will be huge set back for dealers and investors who believed in Bahria town.
In the end , Malik Riaz must re-consider this decision and must give one more chance and give at least one month time to submit their pending dues.
Well, for info/ sell/ buy in bahria town lahore and karachi, you can call me without hesitation
Usman bin khalid 0301-4442226
email: ubinkhalid@gmail.com
Get media Attention to lift this situation
yes rajab there is also a plan to invite media for this situation
Mubashar Luqman is most recommended TV anchor to cover this story
Yes good idea.Very good & correct writing.
Hanif sahab there is also a good news sector-F next ballot in coming 3 or 4 month, and also info land acquired issue going to solved soon so i personally fell this year will be a good for bahria town lahore.
I think now time is over for Sector F. Demotivated investors will not take much interest whether it is bahria Lahore or Karachi.
Tariq bhai we cant say it , we all are greedy when bahria will take another jump , investors will come again, Malik Riaz know how to take the money if we agree it will effect but i dont think in a longer way
Dear Usman Shaib,
Thanks for giving good news pertain sector F.Let see what will happen next we are listening since longe time for balloting but still BTL not agree to do the balloting.ALLAH KAREEM.
I am so thanks for you, atleast you give little idea & Hope.May humari saza ki mudat khtam ho jay.
Kindly advice about the status of Bahria Green Valley aswell. I do not haveany reliable update status. Would appreciate to have your update response for this.
I am also with all those who are protesting..Kindly keep me update with the text as my two files are cancelled..
awais keep in touch with us or must contact with your realtor for keep u update. i will must update here.
One of reader of property blog called me just an hour ago, he said in karachi blocked files are purchasing by dealers. he also given me number of that dealer but source still not confirmed, well the news spread all over and InshaALLAh decision will be reversed
what is the current status of restoration of block files.
In karachi blocked files are trading ,its mean restoration is in process under the table through big dealers.
what is the current status of restoration of block files.
In karachi blocked files are trading ,its mean restoration is in process under the table through big dealers.
1. would it not be an uncomfortable decision for those who have paid the installments in time?
2. what would be the effect on market? will the prices would rise?
3. i my opinion they should offer some merging so that the no of files are reduced.
Yes agree on the first point, but u know Bahria town and dealers work together, this decision is against for the dealers and i think the market will go up after cricket world cup ,yes merging facility will must be given but not now what i think
usman bhai we hope bharia town will reverse this action they vaccume all the money from investors
Yes Insha-Allah
Dear Usmam bin Khalid
The only way to force and persuade Malik Riaz for giving another chance for the cancelled BTK files is protest through print and specially electronic media. Malik Riaz has more concerned for protecting is image on electronic media, as he has established fame in being kind and giving to all, actually a fake philanthropist made out of people money and properties.
So please make consistent protest through influential personalities in major channel’s programs, otherwise Malik Riaz won’t agree.
Best regards
Block files currently being trade in between 120 and 130k and dealers are purchasing without any fear. This indicates they have some inside information.
Secondly’ yes protest should continue to expose Malik Riaz and his team.
it indicates cancellation decision is already reversed just official announcement left.
It is clearly mentioned, if u fail to pay 2 consecutive installments bahria have right to cancel the registration. I don’t understand why people are shouting now? Even though every body knows about cancellation and you are saying you will expose Malik Riaz through lame protest
Yes agree with you but higher management asked for some time for re-consider this decision so let wait first, then all medium will be used
Dear Sikandar
Get your understanding clear. Yes they can cancel against not paid two consecutive instalments but at the time of pocession or they around must have something on ground. Without any development and collecting money and returning back with 25% deduction is not as per law….otherwise this is something very good business.
Bahria Town future is getting darker just because of the fact greedy management is making loss of investors and all newly schemes are failed and just making fool to people. Not as much on ground development in BTKP …why cancelling files.
What are the timings and location of protest. I also want to become part of it.
I support the idea of Protesting against this decision,,, please let us know if the decision is reversed…..
i had received cancellation notice today after paying 1 installment and and i support protest against cancellation hope it ,ll reversed
can you send me that notice on ubinkhalid@gmail.com or whatsapp on my cell# 0301-4442226
Dear All Friends.
I am living In hong kong and I also won the booking in balloting.
But due to overseas residing my flat in Karachi always vacant and my wife visited Pakistan and just received one letter to settle the outstanding dues.
After that my wife to Hong Kong and then on feb 1st I sent my brother to pay the all outstanding but they refused until that time I just short of 2 installments but after they refused to receive the payment now it become three short installments.
As they said not short more then 2 installment they should not refuse my application or plot by law.
Any body can help me to solve this matter.
Waiting for your help.
Regards,
Mohammad Sajjad
send your brother again and tell them this happen to you and warn them otherwise we will summon a case against this act when pressure increase they will give u time
Dear all,
I am very upset about bahria gown Karachi decision to cancel files.
Believe me or not I am living abroad and I not heard news of cancellation files my younger brother paid one my installment and on the same time my brother asked I ever we late to pay instalment then what will happened bahria official told him not to worry about it if not more then 3 installment it means they always misguide peoples to trap
And also I don’t understand they have our email so why the never send email to warn me.
Because I am living in Hong Kong and I was out from Pakistan form last 5months.
Dear you have to record your protest in karachi office or higher management, Hope win win situation will be find soon
No Win Win situation expect from bahria they always see their own benefit and don’t care investors loss. Bahria just making money and that’s all.
Usman bhai still there is no response from bahria town to reverse cancellation decision so when will you announce this massive protest?
For media coverage Aamir Mateen and Rauf kalasira (92 News) are best options.
The final decision will come on 27th feb about cancelled files , n the inside news is all will be restore after paid four installments & restoration fees
Dear Sir,
We received the email about the cancellation and refund money.
I am not agree with your company decision about cancellation as because of Karachi people don’t understand about clever policy as you did with us.
I was absent from my home and could not see any letter regarding cancellation and you have our email address when we apply but your company never send us any email even by automated email to at least inform us the situation.
I and residing in Hong Kong and I have proof to show you that I was absent from that my address which we have provided for application but with email address.
And as for I see your payment schedule in my view it should be due and the installment should be started at least after 2 weeks or 1 month after the balloting result.
But your company is making just excuse and forced people to be effected in this way.
At least in the beginning your company can impose late charges or something to understand the situation to avoid future installment failure.
I would like to request your company to please consider the cancellation and give atleast one more chance to clear their dues.
As we know even your refund you will charge charges but.
I think its better we go to court and explain all the things to court with all the situation.
As we all know about Bahria have lot of Pakistan peoples money they will win but we will try fight and may it become known able to all Pakistani peoples about the Bahria Town Pakistan’s clever policy.
Wish you best luck.
Mohammad Sajjad
http://propertyblog.pk/finally-bahria-town-karachi-files-are-restored/
check out this link for detail fee for restoration of karachi files.
AoA, now what u suggest dear usman, in which category we should invest in BTK?
Depend on your pocket sir now currently go for old booking residntial, apartment n homes you can contact me will guide you briefly 0301-4442226
Dear Bahria town is playing this game all over Pakistan they have taken out all the installments against the files that we hold and its been a year that they are not balloting for sector F in Lahore they have also canceled green valley project also canceled civic commercial in Lahore bahria is shit man plz don’t invest in bahria
Poorest position in the market in terms of prices/gain, people are paying for 2.5 years and are forced to pay despite constantly decrease in behria file value, now after paying for 2.5 year to bahria town without allotment from behria town, they now announces to cancel all property files who have not payed only 2 installments out of 11.
people have payed their life income (9heavy installments out of 11) for 2.5years despite bad position in the market. its a shame to Malik Riaz how can they cancel files and hold the money for 10months leaving every body in huge losses.. its a shame for such a huge corporation for not taking care of their clients interests…