Proceeding as a joint venture, Thomas Kramer (one of the biggest investors in U.S) and Bahria Town are expected to formally sign for a mutual project by the name of ‘Bodha Island City’. The project is expected to require a cash-flow of 15-20 billion and it would be developed 3.5 km off the coast of Karachi.
The spokesperson of Bahria Town mentioned that the Kramer is a visionary businessman that savors the honor of developing Miami Beach. It was also mentioned that Bodha Island would be covering 12,000 acres of land, with an expected completion time period of 5-10 years. The houses would probably be handed over to the respective buyers in 2016. The Island is also expected to home the biggest building in the world along with the modern shopping malls, offering major international brands.
It was also extrapolated that Bodha Island is planned to be connected to Karachi’s Defence via a six-lane bridge, over the sea. Using a modern treatment plant, the sea water will be made drinkable and the Island will be generating its own electricity. Various job opportunities would be created and 125,000 houses and 1 million people are expected to reside at the Island.
The spokesperson mentioned that Thomas Kramer has expertise in building skyscrapers in coastal areas, along with other business projects.
