Karachi, March 10, 2020: Bahria Town Group Chairman, Malik Riaz Hussain and Ameer Jamaat-e-Islami (JI) Karachi, Hafiz Naeem-ur-Rehman with consent of affectees of Karachi on development charges and other issues has inked an accord.
Talking to journalists at Idara Noor-e-Haq, Hafiz Naeem informed them that after meeting with Malik Riaz and other stakeholders, an agreement has been signed in order to remove anomalies in this regard.
He said that a clause to go to court of law in case of any dispute between parties has been put in place.
He said 35 percent development charges on whole Bahria Town Karachi has been deferred and forced clause of possession has also been extracted.
He said under accord, allottees those have paid all dues would be entitled to get plots or houses within a period of six months from date of this agreement.
He said in case of default, allottees would ensure remaining payment within six months period and thereby would be given plots/houses.
In addition, allotment of plots/houses will not be cancelled neither their status nor blocks will be changed.
Within 12 to 18 months, prevailing issues in this connection would be resolved amicably between two parties and allottees who had desired for their refund would be repaid within six months on terms of three tiers.
Firstly, refund will be made to people on bouncing of bank cheques, secondly possessing postdated cheques and finally to persons paid full amount.
During whole this process, Bahria Town will not announce any new project and else not exceed price in prime projects.
Moreover, allottees have chance after making full payment on their plots/houses under process will get possession by 2024.
A committee comprising members of both sides will keep liaison in order to monitor day to day proceedings and consultation with other stakeholders.
Projects in which no development charges will be recovered and gave guarantee in this regard are Golf City Karachi, Fort City Karachi, Bahria Paradise Karachi, Ali Block Karachi, Iqbal Villa Karachi, Quaid Villa Karachi, Bahria Hill Karachi, Farm Houses Karachi, Midway Commercial Karachi, Liberty Commercial Karachi and Jinnah Avenue Karachi.
Malik Riaz also expressed his condolence over demise of Naimatullah Khan, former JI member Sindh Assembly and Karachi nazim to late’s son Nadeem Iqbal, Hafiz Naeem and other JI party members.
