Located on Super Highway, Bahria Town Karachi (BTK) is truly a city within a city. The project has undeniably made a mark on Karachi’s landscape with its state-of-the-art infrastructure, but at the same time it has also been plagued by various controversies.
Having that said, I would like to tell you that BTK has sent notices to members who have not settled their accounts yet. In other words, the developer has warned defaulters to pay the overdue instalments to avoid the ultimate regrettable result: cancellation of allotment.
Bahria Town’s administration recently checked records of its members and subsequently started to send notices to defaulters. The notification bluntly warns defaulters of cancellation of allotment if they fail to clear their accounts by December 15, 2015.
BTK will refund the amount paid by defaulters after a 25% deduction has been made, a Bahria Town official told Zameen.com.
Asked whether Bahria Town will give an option to reclaim the allotment, the official said that members would be duly informed if such a policy was made.
“While seven instalments are already due, members have to pay at least six instalments to avoid cancellation,” he added.
What should members do?
Well, they must pay up to avoid any undesirable circumstances. Members can either pay through a pay order/demand draft made from bank in the name of Bahria Town (Pvt) Ltd or submit the amount to one the following accounts before the cutoff date:
Bank | Account number for residential plots | Account number for commercial plots | Account number for Bahria Apartments | Account number for Bahria Homes |
UBL | 214008711 | 214094521 | 214094354 | 214094255 |
Askari Bank | 0100577996 | 150100578434 | 150100578445 | 150100578423 |
Meezan Bank | 0101130880 | 0101224713 | 0101224714 | 0101224712 |
JS Bank | 482718 | 484202 | 484201 | 484203 |
NIB | 13271151 | 13274207 | 13274215 | 13274797 |
HBL | 07867901860603 | 07867901860503 | 07867901860703 | 07867901860803 |
Disclaimer: The bank account details have been taken from the warning notice sent to defaulters. Neither Zameen.com nor any of its employees can be held responsible for any inaccuracy in the information
It must be noted that BTK had, indeed, notified members earlier that it maintains the right to cancel allotment upon non-payment of two consecutive instalments.
Payment plan
You can refer to the payment plan given below to calculate the amount you need to pay:
Description | Size | Token | Total | Quarterly Instalment (First) | Last Instalment |
ResidentialPlots | 125 sq yards | Rs 125,000 | Rs 1,725,000 | Rs 90,000 | Rs 80,000 |
250 sq yards | Rs 280,000 | Rs 2,850,000 | Rs 152,000 | Rs 145,000 | |
500 sq yards | Rs 350,000 | Rs 4,650,000 | Rs 260,000 | Rs 255,000 | |
1000 sq yards | Rs 550,000 | Rs 8,600,000 | Rs 500,000 | Rs 405,000 | |
2000 sq yards | Rs 960,000 | Rs 18,500,000 | Rs 1,100,00 | Rs 895,000 | |
Bahria Homes | 125 sq yards | Rs 420,000 | Rs 4,200,000 | Rs 228,000 | Rs 215,000 |
200 sq yards | Rs 590,000 | Rs 4,900,000 | Rs 261,000 | Rs 250,000 | |
Bahria Apartments | 2 Bed | Rs 266,000 | Rs 2,660,000 | Rs 140,000 | Rs 149,000 |
3 Bed | Rs 630,000 | Rs 6,300,000 | Rs 346,000 | Rs 335,000 | |
4 Bed | Rs 826,000 | Rs 8,260,000 | Rs 456,000 | Rs 449,000 | |
Commercial Plots | 125 sq yards | Rs 2,500,000 | Rs 12,500,000 | Rs 500,000 | Rs 335,000 |
200 sq yards | Rs 3,600,000 | Rs 19,900,000 | Rs 820,000 | Rs 575,000 | |
250 sq yards | Rs 4,600,000 | Rs 24,900,000 | Rs 1,000,000 | Rs 1,155,000 |
Development work
Infrastructural development is being carried out at a good pace in BTK, which is why you should not delay your instalments. Please see the images below to have an idea of what’s up in the locality as of now:
After viewing these images, I don’t think you should hesitate to pay the instalments. You better make the move now or get ready to face the circumstances.
Do you have any questions about Bahria Town Karachi in mind? Let’s converse in the comments section below.
Thanks very handy site,
Some suggestions for overseas investors,Contact
Thanks.
What do you mean? Are you an overseas Investor?
Regards,
zain Nadeem
it seems u r marketing the Bahria town. mr nadeem
Dear Shams,
I am not at all marketing Bahria Town. I have just given you an update on the locality.
They have said same thing about Sector F in Lahore and after getting all payments and even after 1 year there is no status for Sector F, a total Fraud and they are going to do same thing in Karachi.
Let’s see what happens. Bahria Town needs to probe its affairs to sustain in future. People are gradually getting against Bahria’s projects. Malik Riaz needs to compensate the victims on a priority basis.
Regards,
zain Nadeem