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09 April, 2019

Bahria Town New Merger Policy 2019

Property News

Following the Supreme Court decision regarding the final settlement of Bahria Town Karachi in the Supreme Court against Rs.460B, there is another issue at hand that needs readdressing which includes the disputed land of 8104 acres where customers had already invested in the plots. This disputed land majorly comprises of Bahria Sports City and Bahria Paradise Karachi i.e. Precinct 40 and 41 respectively.

 Bahria Town Karachi plans to accommodate investors of the Disputed Land and that is basically what merger policy is all about i.e. providing relief to the Affectees of Bahria Paradise and Sports City. Although the actual merger policy is yet to be implemented the plot files have been removed from the market. The concept of merger or adjusting the paid amount of one file into another is not new as it has been done before. If you own three files in Bahria Sports or Bahria Paradise and paid 30Lacs against each you can decide to merge into one file that will have a worth of 90lacs.

Since Bahria Town has the responsibility to adjust all the affected members, this merger policy will help reduce the number of files, thus reducing the burden on Bahria Town.

Bahria Town Karachi is committed to fulfilling its promises to customers and it never fails to disappoint. Bahria Town Karachi is a real estate entity that has a brand identity and credibility in the market which guarantees assurance to all worried investors that they will be properly compensated by the BTK Management.

For more updates on Bahria Town Karachi Merger Policy contact Apex Group.


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