Karachi: The management of Bahria Town Karachi has announced a 100% refund facility to owners and file holders of plots in ‘non-possessionable’ areas of Bahria Paradise and Bahria Sports City, according to a notice issued by the developer.
The project administration, in its announcement made on November 19, stated that the refund facility was available only for ‘blocked’ and or ‘cancelled files’. Earlier this month, Bahria Town’s Country Head Shahid Mehmood Qureshi had announced to offer relief to the affectees of Bahri Sports City and Bahria Paradise.
He said that Bahria Town would keep its promises and give plots to those who will opt for the said provision instead of the refund; adding that those applying for refund against the payments they have made to the developer will be given 100% refund.
Zameen.com has learnt that Bahria Town will also offer refunds to the affectees having stakes in stalled precincts. These include Precinct 29-A, 29-B, 29-C, 29-D, 30-A, 30-B, 30-C, 30-D, 31-A, 31-B, 31-C, 31-D, and 32-A, 32-B, 32-C and 32-D. Before making a claim for refund against plots/plot-files booked in these precincts, clients are required to first confirm their possession status.
Furthermore, those who wish to get a possession of their plot instead for making a refund claim have been advised to wait for Bahria Town’s specific policy in this regard. As per reports, Bahria Town is expected to make an important announcement on this front in January 2020. Not to mention that Malik Riaz announced on November 8 that Bahria Town Peshawar will be launched in January 2020.
For more details and latest update on Bahria Town, stay tuned to Zameen News.
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.
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