BAHRIA TOWN KARACHI LEGALITY STATUS
This article takes you through the valuable insights on various facet of the widely discuss topic of illegality of the properties. Through this blog the reader will be able to comprehend some actual facts which are backed by the market research.
SUPREME COURT DECISION
Supreme Court of Pakistan has taken a strict action against the illegal construction and has set forth to demolish such building. This has distress a lot of builders and the property owners who are protesting against such decision of the Supreme Court. In this phase the investors are very concern about their investment as they are not provided with the legitimate information about the legality of the properties. Besides, this has also halted down the market as investors seek for the coherence of the legality of the building in order to avoid risk.
WHAT IS ABAD DOING?
There is a separate regulatory body known as Association of Builders and Developers (ABAD) who bounds all the builders and developers to work under its umbrella. ABAD is an organization which is authoritative to unify and streamline the construction activities of private sector. Despite the presence of such association there is still a huge corruption in this sector. Illegal constructions, duplicate files of the properties, delay in possessions, over charging and overselling are some of the common issues that are prevailing in the market.
On the other hand, there are lots of areas in Karachi where we see illegal construction of portions and allotment of such buildings even now.
ACCOUNTABILITY
The matter of concern is that why the system is not strong enough to track down the deception and the illegal construction in the beginning stage. In spite having a regulatory framework known as ABAD we still sight corruption. There should be a proper accountability and transparency so that investors can feel safe and secure while investing in any property. The audit NOCs should be published on the website of ABAD for investor’s reference. ABAD should issue an absolute record of the legal construction to the general public at least on yearly basis. The investors should be made aware of the legal projects via authentic source. In most of the cases the documents that are verified by the Karachi Development Authority (KDA) and Sindh Building Contro9l Authority (SBCA) turns out to be illegal.
ABAD CLAIMS BAHRIA TOWN KARACHI TO BE ILLEGAL
On the other hand Bahria Town Karachi witnessed a huge criticism by most of the builders and other authorities. The claim is that a land of around 16,000 acres of Bahria Town Karachi is not leased and it is seizure by Malik Riaz. The critiques says that it is an illegal construction and investment is such projects is very risky. There have been a lot videos and news circulating on social media regarding unlawful construction of BTK. However the major question that arises here is that why these authorities and builders are active immediately right after the notice of demolition of the Nasla Tower and other such building. Moreover, if BTK construction is illegal then what is the justification of such building construction whose commission certificates are still held on for not following structure plan as it was proposed to be by the builders?
IS SYSTEM STRONG ENOUGH?
Apart from this Karachi is considered to be the 6th largest city but still we are not yet introduced with the land reforms. Unfortunately we are still trapped in the patwari system, where we are oppressed and compelled to act in a certain way. Our land documents are not in our preferred language, although it should be in common languages that is easily understandable by everyone. So, we don’t have clarity regarding such things.
For top-notch real estate, consultancy gets in touch with Redbox Team. Redbox Sales team can help you assist with any sort of floor plan query you may have regarding investment in Bahria Town Karachi. You can visit our office or can contact us through a live chat. We are pleased to solve any query of your for you.
If you have any real estate questions, please contact RedBox, a Real Estate Company, for more information. Our other articles might help you stay up to date on current events.
Leave a comments