Karachi: The Bahria Town Karachi administration has started to dispatch letters to property owners who have not yet taken possession of their developed residential plots located within the scheme, according to several posts being shared extensively on social media (a development further confirmed by informed Bahria Town sources). As per the notices, these individuals are required to claim their plot possessions latest by January 15, 2020.
In case of non-compliance, these individuals will be liable to pay PKR 100,000 fine; which will be collected in terms of ‘Non-utilisation Charges’ for three consecutive months. A few weeks ago, Bahria Town Karachi had announced December 31, 2019, as the last date to acquire possessions of developed villas and apartments.
If an owner fails to secure his/her property – which can only be transferred to his/her name through possession, utility and maintenance charge payments – the developer will grant possession of the same plot to another member interested. The original owner will be given an alternate plot once he clears the dues and apply for possession.
The notice also clarifies that Bahria Town will not be responsible for the consequences faced by plot owners who fail to secure possessions for developed villas and apartments by December 31, 2019, and for developed plots by January 15, 2020.
Property owners (of developed properties) whose payment plan has not been completed as of yet can wait for the instalments duration to complete and apply for possession later. They also have the option to clear all pending payments in one go and get possession of their property.
Bahria Town management has stated that locations of developed property (be it plots, villas or apartments) will be changed if the owners do not apply for possessions by the dates communicated.
The notice advices the receivers to call on the following numbers for more details:
+92-21-3863-6936
+92-21-3616-1555
The end notes says that Bahria Town has sent this message as a reminder to its members. The receivers who have cleared their dues and acquired possession of their property can ignore the notices.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
