Supreme Court’s Verdict against Bahria Sports City
Recently, Supreme Court of Pakistan has placed a verdict against Bahria Sports City which has filled a lot of hue and cry in the real estate market of Bahria Town Karachi. There is a large lot who didn’t read the judgment and spread baseless rumors in the market which raised concerns of property owners who have invested their hard-earned savings for better returns or future residence. We endeavor to bring you the actual facts related to this case, and the potential outcomes on the behalf of Bahria Town. Before getting into the Supreme Court’s order against Bahria Sports City, it’s important to see what actually the project proposed to offer.
Bahria Sports City – Review on Project
Spanning over 11 precincts i.e. 34 to 45, Bahria Sports City is a crown glory project of Bahria Town Karachi which was launched in January 2016 offering plots and villas on a four-year payment plan which is currently underway. Out of these 11 precincts, Precincts 34 to 37 are much buyers favorite as these precincts offer plots that have direct access to Jinnah Avenue as well as quite near to under development Rafi Cricket Stadium that is proposed to be the biggest and best cricket stadiums in Pakistan. These precincts have also seen more development since Precinct 35 was proposed offering villas which are to be developed and constructed by Bahria Town itself. As the name of the project indicates, extensive sports facilities are to be offered in it.
Supreme Court’s Verdict against Bahria Sports City – Facts vs. Rumors
Since it has been announced that Supreme Court has placed an order against Bahria Sports City, numerous baseless rumors are circling around the real estate market of Bahria Town Karachi which is causing to develop a wave of mistrust among the investors and buyers who have put their hard earned money into this project.
First of all, the thing needed to be understood is, it’s not against the entire project of Bahria Sports City but just few Precincts are being taken under this verdict which is Precincts 41 to 45 where Bahria Town Karachi has not even initiated development work till yet. Secondly, it’s not the final verdict and Bahria Town is striving to resist the order for curing the interest of its buyers. The Supreme Court and all other authorities understand the scale of public interest on this issue; therefore you do not find anything in the judgment that may impose loss to general public.
Supreme Court’s Order against Bahria Sports City & It’s Potential Outcomes
Bahria Town Karachi remains forefront in interest of its buyers and it never settled less than their expectations. It has earned this remarkable repute over the journey of years which proves its credibility. People, who have invested in these scandalous precincts i.e. 41 to 45, shouldn’t worry about their money. Suppose as if Supreme Court insists Bahria Town to withdraw this land, Bahria Town will settle and relocate these plots somewhere else. Many possibilities are there in such case including emerging in some other project or refunding of the buyer’s money. Buyers should not be panic or worried about the circumstances as it often happened in past but Bahria Town never compromised on the interest of its buyers.
It is expected in a couple of days or so that an official statement about this matter will be released by Bahria Town Karachi which will surely straighten out the actual matter against all this negative propaganda and rumors that are being spread out for ruining the trust of buyers and reflecting the case very negatively. Buyers and investors should be a bit patient and wait for the expected official statement of Bahria Town Karachi.
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