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‘Bahria Town making regular payments for Karachi Super Highway land’ 

October 11, 2019
‘Bahria Town making regular payments for Karachi Super Highway land’ 

Bahria Town has been making regular payments in an account set up by the Supreme Court for illegally acquiring 16,896 acres off Karachi’s Super Highway.

The top court was hearing on Friday a case on the implementation of the verdict. On May 21, the court had accepted the Bahria Town’s offer to pay Rs460 billion for acquiring the land illegally.

On May 4, 2018, the court had ruled that the Malir Development Authority illegally granted land to Bahria Town. The Sindh government had allotted the land to MDA for building a housing scheme. The MDA, however, exchanged the land with Bahria Town, the court said. Bahria Town was even barred from selling any plot or apartment in the housing scheme

Justice Faisal Arab asked how much money has been deposited so far.

Barrister Ali Zafar, who is the lawyer for Bahria Town, said that the company has paid all its dues so far. The November amount will be deposited next month, he said.

The federal government has once again petitioned the court asking for access to the funds. The first petition was submitted on August 23.

Justice Muneeb Akhtar remarked that they will review the federal government’s petition later on.

“We will take up Bahria Town Rawalpindi and Murree cases next month,” he added.

The case has been adjourned for a month.

Mode of payment 

In the verdict, the court had even given the modality for the payment. Bahria Town is required to complete the payment in seven years.

The court had given till August 27 to meet the deadline for submitting funds worth Rs25 billion.

From September 1, it was told to complete another installment of  Rs25 billion in 48 months (four years).

After that, Bahria Town will be required to make 36 equal monthly installments along with 4% markup.

They have been told to make the payment before the seventh of each month.

The land will be transferred to Bahria Town’s name after they pay the full amount.

What happens if Bahria Town defaults?

In case Bahria Town fails to submit two continuous installments or a total of three installments, it will be considered a default.

Bahria Town has given the guarantee of Danzoo (day and night zoo), its parks and the Cine Gold cinema for the payment, the court noted.

They will be investigated according to the law if they default on the payment, according to the court. If they violate the contract, then NAB will have the right to file a reference against them, it added.

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One Comment

  1. Avatar
    M. Aslam Kayani   October 14, 2019 1:27 pm/ Reply

    Bahria Town Karachi is a classic textbook example of how third world countries are bled to death by the nexus of corrupt businessmen, governments and all other relevant departments.

    In this case, the land, which never legally belonged to Bahria Town Karachi, was sold to the public through an organised network of real estate agents, media campaigns, celebrity endorsements, memorandum of understandings, and no objection certificates issued by government departments. Consequently, the general public fell into the trap and around 50,000 acres of dirt was sold to them at exorbitant rates through various elaborate instalment plans spanning not months, but years!

    The billion dollar question (not a million dollar question in this case) is, could this all have been possible without the knowledge of government, judiciary, police, and other non-civilian law enforcement agencies which are omnipresent in Karachi?

    Is it also not on the record that, Bahria Town Karachi is known to employ retired top officials of the elite civilian and non-civilian law enforcement agencies to simply run its operations? If so, then that explains it all.

    After the general public was completely swollen into this storm, in March 2019, the apex court passed a judgment. The crux is that Bahria Town would make payments over the next 7 years against approximately 16,896 acres of land that it had already sold in past many years. Interestingly enough, Bahria Town had already collected the payments against that sold land from the public!

    The simple question is, has the justice been served! Time has told again and again that, how such nexuses involving elites and people holding positions eventually destroy nations!

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Bahria Town, Super Highway land, Malir Development Authority
 
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