Supreme Court Final Verdict Positive in Favour of Bahria Town Karachi

The Supreme Court on Thursday dropped the review petitions filed against its May 4 judgment barring Bahria Town Karachi from selling any plots or constructed apartments after they were withdrawn by the petitioners. During the hearing, the CJP offered to form a bench for the implementation of the earlier judgment if the petitioners agreed to withdraw their applications. The top judge assured that the special bench will give an "efficient and timely" decision on the matter.

Barrister Aitzaz Ahsan, who was representing the residents and owners of Bahria Town Karachi real estate, suggested that the court form an implementation bench and determine how much money the developer has to pay to the Sindh government as a differential amount for the transfer of prime lands to it by the MDA.

The court separately directed the National Accountability Court (NAB) to continue proceeding with its investigation in the case. The chief justice also wondered why Riaz was afraid of NAB proceedings.

"If others can face their cases in NAB, why can't Malik Riaz do the same?" he asked.

The case was later adjourned till next Thursday.

SC Verdict’s Impact on Bahria Town Property

The SC decision will greatly impact the Bahria Town market as the property rates will shoot up distinctively clearing all former suspicions of illegalities and encourage investment to flow in rapidly. So if you are thinking to invest in Bahria Town Karachi this is actually the perfect time as the SC verdict has reinforced confidence amongst the investors to “take charge” and “cash in” the Bahria Town property.

Bahria Town Pvt Ltd is a huge entity in corporate world especially the real estate industry that is a pioneer in establishing one-of-a-kind residential society with all the premium features and elite living standards like no other. So it is just a matter of time that all the misconceived stigma is removed and investment starts to jump here with full force in near future.

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