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Top Court Allows Bahria Town To Continue In Larger Public Interest With Caveats

Real Estate Tycoon Malik Riaz was present at the hearings, along with many overseas Pakistanis and investors in Bahria projects. JUN 28, 2018: Bahria Town has been ordered to deposit Rs5 billion (US$42 million) as surety within two weeks before the Supreme Court, and 20% from the total amounts collected every month by the real estate firm on its ongoing projects shall be deposited in the specified account set up by the top court which will be held in escrow. Bahria Town Chairman Malik Riaz has also been ordered toRead More


NAB Moves Forward With Landgrabbing Cases Against Malik Riaz, Bahria Town

Jun 1, 2018 (DESPARDES/PKONWEB) — The Anti-corruption authorities in Rawalpindi on Thursday arrested three men allegedly involved in land grabbing, one of whom is said to be a “frontman” of Bahria Town famed real estate tycoon Malik Riaz. Fazal Inam aka Saeen Inam was arrested after authorities found that 732 kanals near Rawat in Murree, worth millions of rupees, had been transferred to his name without any revenue record. The officials also arrested Inam’s accomplice and a revenue official, who had allegedly transferred the land to Riaz’s frontman. ‘Irrefutable evidence’Read More


Supreme Court Declares Bahria Town Karachi (BTK), Bahria Town Rawalpindi Projects ‘Illegal’

Supreme Court finds massive illegalities in lands acquired by Real Estate Tycoon Malik Riaz and his firm Bahria Town Ltd. for housing projects in Karachi and Rawalpindi and declares them illegal; The court also considered the interests of those people (includes overseas Pakistanis) Bahria Town has already sold the land to. May 4, 2018 (DESPARDES/PKONWEB) — In a landmark verdict, the Supreme Court on Friday barred country’s renowned real estate development enterprise “Bahria Town” from selling or allotting land in the Bahria Town Karachi (BTK) project off the Super HighwayRead More