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Bahria Town Karachi Case Latest Hearing Update

Bahria Town Karachi Case Latest Hearing Update

Latest hearing for Bahria Town Karachi case took place on 14th November in Supreme Court. It was the second hearing conducted by implementation bench of the Supreme Court. This implementation bench supposed to estimate the actual amount of that illegal land swap between Malir Development Authority (MDA) and Bahria Town Karachi. Here are some noteworthy developments in this latest hearing of Bahria Town Karachi case.

Bahria Town Karachi Case Latest Update – Hearing by Implementation Bench on 14 November 2018

A three-judge implementation bench of the Supreme Court, headed by Justice Sheikh Azmat Saeed was conducting the 2nd hearing of Bahria Town Karachi case. Barrister Ali Zafar is the counsel of Bahria Town Karachi and he suggested the Supreme Court as if Bahria Town pays the amount of illegal land as per the rates of 2014 when the land was purchased. Supreme Court rejected this offer and ordered that Bahria Town will have to pay all dues as per the current market rates of land and not those of 2014. Moreover, the Supreme Court warned the council that the court would hold the developer for contempt of court in case of any violation of the May 4 judgment.

A Review of Supreme Court’s 4th MAY Judgment against Bahria Town Karachi

On 4 May Judgment, Supreme Court held the illegal land swap between MDA and Sindh Government and then to Bahria Town Karachi and SC barred Bahria Town Karachi from selling plots and constructing apartments in that area until the matter gets resolved.

Bahria Town Karachi Case Latest Update – Supreme Court Orders to Sum-up Case Before 2019

It’s a good news for all buyers, investors and concern ones that during the hearing of Bahria Town Karachi case, Chief Justice said that case would be no longer remain unresolved and the court will sum-up this matter before 2019. Regarding this Supreme Court ordered Bahria Town to appear with some feasible solution by November 22 keeping in view the current market prices of land.

So what’s so ever the decision will be at the end, it’s a good news for all concerns ones that soon this matter will get resolved and this wave of uncertainty will be ended.

Supreme Court Barred Bahria Town Karachi Ads on Media

As you must have noticed, Bahria Town Karachi is already not running its ads on print, electronic or social media since the case has started; Supreme Court has again reminded Bahria Town to not advertise its stuff and development on media until the matter gets resolved.

We will keep our readers updated about the further hearings of Bahria Town Karachi’s case.

Keep visiting Jaidad Group for further real estate news and updates.

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