Real Estate and Highrises and Skyscrapers

I didn't like the man...... he was corrupt to the core. But hear me out.

With the exclusion of Malik Riaz from the real estate sector of Pakistan. The boom that you are hoping for is delayed by atleast 10 years.

Bahria was ponzi scheme. Now that they have stopped selling qabza plots, they don't even manage already build gated communities despite taking higher monthly fees then DHA.

Current govt is finally doing something about it to bring the confidence back. The days of selling files are over, no more over selling or selling files before even buying land. Escrow account will protect buyers. The builder will only see money if project is completed.


This should have been done like 20 years ago. But its better late then never and Dubai money is coming back.
 
Bahria was ponzi scheme. Now that they have stopped selling qabza plots, they don't even manage already build gated communities despite taking higher monthly fees then DHA.

Current govt is finally doing something about it to bring the confidence back. The days of selling files are over, no more over selling or selling files before even buying land. Escrow account will protect buyers. The builder will only see money if project is completed.


This should have been done like 20 years ago. But its better late then never and Dubai money is coming back.

Both of us are adults and both of us have developed brains. We know how to read and how to comprehend. So it shouldn't be a news to you when I say it is just vendetta against malik riaz because he wasnt playing the game anymore.

Before he was asked to give statement against a particular person, everything was great with bahria town. No issue of power cuts on gas supply. But suddenly their accounts were frozen, electricity was cut down and common residents had to suffer because of week long power cuts.

I agree that Bahria town was made over Graves and qabza land. Not even disputing that. I told you he was corrupt to the core. Not defending him at all. But he was the one who revolutionized real state and housing schemes in Pakiatan. The bahria icon tower that this thread is so proud of, was built by him. He even proposed to build a Manhattan over Karachi island..... but that was not accepted by government because of environmental concerns "weird".

 

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