After the Bodha Island City project with Thomas Kramer, which did not work out by the way, Malik Riaz plans another attempt to reap the rewards of Karachi’s real estate market with his latest project of Bahria Town Karachi.
Bahria Town Karachi, which is a much more tangible project as compared to its predecessor of Bodha Island City, is predicted to be another hit in the property market of Pakistan by the property experts of Zameen.com. Simply an eyebrow raiser, the plan comes complete with a housing scheme, a residential tower and an iconic tower which is designated to be the tallest building of Pakistan comprising of 62 storeys.
The development is designed to enable Karachi in rubbing shoulders with the international cosmopolitans and in order to realise that dream the Bahria Town management has already started the following three projects in Karachi:
- Bahria Town Icon (Pakistan’s tallest building comprising of 62 storeys)
- Bahria Town Tower (near to completion)
- Bahria Town (master planned residential community)
The pre-booking registrations have already been started by the Bahria Town Karachi and the registration fee of the Bahria Icon Tower is PKR 100,000. The project is located opposite to Bagh Ibn-e-Qasim, Clifton and the property options available to people include serviced apartments, offices and shops.
The Bahria Tower, comprising of 24 storeys is offering shops, offices and serviced apartments at a registration fee of PKR 75,000. The project which is near to its completion is located on Tariq Road, Karachi.
The residential scheme, which is a speciality of Bahria Town, is offering apartments along with residential and commercial plots at a registration fee of PKR 15,000. The location of this project hasn’t been disclosed yet but it is speculated to be within the borders of the metropolitan.
Also to bring to the notice of our kind readers is the caution which states that merely the registration will not confirm your entitlement to the plot. After the project is officially launched the registered members will receive the booking forms and upon submission of the applications there will be a ballot which will allow you to continue with an instalment plan.
The actual price of the project will not be announced at the distribution of the booking forms and it might rocket to the sky by the time you are allowed to start your instalment plan. Also if you don’t like the project or do not trust it to be according to your interest you can always opt for a refund of your registration fee which will be given within a period of 3 months. Also if your application is not successful during the ballot you can apply for a refund which shall not include processing fee but if your application is successful you will not get any refund at all.