We all know Malik Riaz as the magnate and philanthropist who formed Bahria Town and proved his mettle by setting state-of-the-art development standards. Well, enough with the introduction … without further ado, let’s start our topic of discussion.
Malik Riaz’s official twitter page, linked to the Bahria Town website, contains a lot of important announcements. Today, I am going to share all these with you in this post.
Riaz’s take on DHA Valley
DHA Valley was launched 15 years ago and is still under developed due to a host of issues, the primary one being Daducha Dam, which has become a bone of contention between the government and the executing firm, Bahria Town. Investor confidence has been greatly affected because of the current scenario.
Anyway, Riaz seems really hopeful about the project. He recently tweeted that property prices in DHA Valley have increased by 30 to 40 percent.
In another tweet, Riaz admitted that Daducha Dam’s issue is pending with the Punjab government and requested the government to make an immediate decision.
Through this social media forum, he also assured followers that Defence Housing Authority (DHA), Habib Rafiq (Pvt) Ltd and Bahria Town are all making a great effort to complete the joint ventures that are DHA Valley and DHA Islamabad Phase II (extension).
Furthermore, DHA Valley affectees were offered alternate plots in Bahria Town Rawalpindi and Bahria Town Karachi. However, I don’t think people have welcomed this very move warmly.
What about Bahria Town Peshawar?
Riaz unveiled the plan to launch a project in Peshawar in one of his tweets. On November 26, he said the project would be launched within 60 days, but no additional information was shared.
DHA recently launched DHA Peshawar. It seems like the property tycoon is trying to compete with DHA in Peshawar. However, before we start making assumptions about this project at this point, let’s wait for more details to emerge.
Vague tweets
Riaz said Bahria Town is well aware of queries related to other projects and assured followers than an ‘announcement’ will be made in the next few days. We have no clue what Riaz is referring to here – perhaps it’s the litigation issues in Bahria Town Lahore or the proposed development of the Lahore Ring Road (LRR). Again, it’s totally pointless to make any assumptions right now.
Nevertheless, these tweets should provide a ray of hope to all those concerned with Bahria Town’s projects and DHA Valley. I personally believe that Riaz is taking the heat for DHA Valley and wants to execute it as soon as possible because this scheme is affecting his real estate business.
So let’s just wait and see what happens. We can discuss Riaz’s tweets further in the comments section below. And yes, please feel free to converse with me if you have any queries about DHA Valley or other projects.
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Dear Zain,
Could you please insert the screenshots of Malik Riaz tweets so we know what he was talking about. 30 to 40% is false. I own 4 plots in various sectors and prices are the same on the day that i bought them in 2008. Malik Riaz should be held accountable.
Dear Asad,
Follow the link below for tweets confirmation.
https:// twitter. com/ MalikRiaz_
Thank very much Naveed sb.
Thank you Naveed Bhai for sharing the link
Dear Asad,
Naveed Iqbal has shared link to Malik Riaz’s Twitter profile. In which sectors have you invested, we can discuss it further here.
Hi Zain,
I’m the first owner. I have 8 marla plots in Marigold and overeas Bogen velia. I had paid them in dollars. Keeping the inflation and devaluation of our currency, price are at stand still.
Big Lie,
He with high ranking people made fool of innocent people.
Bahria Medical and education city is also one of the ignored project. They were suppose to give the possession long time ago but never did. Any thoughts on this??
5-marla new cuttings were offered in Bahria Medical and Education City. Currently, there are no updates on possession.
Mr Syed, perhaps is referring to Phase -9 Bahria Town Rawalpindi. This had been silently cancelled. BT later, as compensation, asked allotees to apply for transfer from Phase-9 to Phase-8. For information of all, over 3000 applicants are still awaiting the aforesaid transfer. It is important to note that people had paid full amount for their prospective plots in Phase-9 sometimes between 2004 and 2008. So far, there is no clue of transfers.
DHA valley is purely a matter related to DHA. People had paid to DHA, not BT. Therefore, sole responsibility lies on DHA, not BT. People must not pay attention to statements of Malik Riaz he is not answerable to the investors of DHA valley.
Also be noted that Dadhocha Dam affects only few sectors, what about others??? This is noting but the ill deeds of both DHA and BT. They are simply exploiting the public in sheer need of housing.
If possible, zameen.com may take-up issue, directly with DHA officials to have their point of view. To my information regular meetings are going on between the concerned to handover a very small portion of development sometime during Mid of December 2015 to January 2016. This move is just to appease the frustrated public.
Thank you for your feedback Khurshid. I appreciate that you take the time to comment on the blogs. Stay tuned brother!
Anybody has any information about Bahria Phase 9 victims..? plz guide me if any progress made so far and whats expected ,thanks
Noman, let me do some research on it. I will write a post after I am done with research.
Thank you Zain Nadeem for your kind response..i will wait for your reply..God bless u
Sir what about the new tweets of Malik Riaz about possession of dha valley next week?
I had a coversation with Bahria Town Rawalpindi, a couple of weeks back. They are expecting CEO to announce the ploicy sometimes bf mid of December 2015.
If you have not applied for shifting of your plot from Phase -9 to Phase-8. Please do it urgently. Send an application addressed to the “Customer Services Department, Bahria Town Rawalpindi. Scanned copy of your signed application by mail shall be fine. However, do not forget to give them a follow-up call and ask for your “Queue No.,”
The issue is certainly bothering management and they are expected to act in near future. Rest, Allah knows better. Let’s keep our fingers crossed and hope for the best..
Assalaam ilaikum Zain
Can you please tell me if you have any information on Garden City, Rawalpindi. It has been 3 years since its launch but no one ever talks about it.
Thank you for info
please note blog says DHA valley was launched 15 years go but it was 2008, although on side note I will not be surprised if after 15 years it still remains to be handed over.
Thnx fr news.
1. Thre r a list of projects where BT has ditched us.
Can yu plz tell us abt future of Isbd Bah Enc 1 sector C whereby v hav been sold 10 narla plots at 65 lacs + dealers comision 4 lacs= 69 lacs snd as of today bahria dont hav any possession there since 2013.
2. Also i bought 8 marka plot in 2011 at 22 lacs and there is no possession even after a lapse of 5 yrs wch was due in 2013. Once i approach Mr Sheikh Amjad, for last 18 months he had been saying to wait 3 months again and again. Lastly in last month he simply refused to commit anything and later resigned BT.
DHA Valley was a massive scam that ripped off the overseas Pakistanis along with middle class citizens remarkably well. Both these segments tend not to come out against any oppression as they can’t afford to spare time, effort, and resources and generally move on with life. DHA and Bahria Town distributed the loot among themselves and moved on as well. DHA Valley has no juice anymore and stands as a liability that both are trying to pass on and evade. With funds generated earlier already spent on other projects e.g. Bahria Karachi, Bahria Enclave etc.., only way out now is an executive order from COAS coupled with judicial decision by SC forcing both DHA and BT to return the money to affected with interest and penalty right away. There never would be a DHA Valley but few partial sectors perhaps a decade down the road if refund doesn’t happen. Hope this helps.
thanks for the information ZAIN NADEEM kindly can you inform me about Phase 9 Rawalpindi i Read few comments they are talking about Transfer to phase 8 how can i do that i didn’t find any transfer request form for Phase 9 its only for DHA Vallyon Bahria town Website kindly inform me what to do thanks in advance
what about jinnah block remaining development and iqbal block remaining development in sector E bahria town lahore please zain sahb update about jinnah off ground area
– Biggest issue with Bahria Town is Deliverance. Phase 8 many blocks L, M, N, P possession is not yet given. ALso Awami only 300-400 members are given villas rest all are waiting from 2005. Bahria Enclave 2 where 5 marla plot was given in 45 lac people paid 9 lac down payment today it in on 4.5-5 lac loss. Phase 9, Garden City, Bussiness District where Commercial plot was given for 5 crores and many other examples can be quoted.
– DHA Valley was sole Project of Bahria Town, All management and development is of bahria town. DHA had just 15% share for its name that was due to DHA II extension lies there. BT is not delivering there as well due to many reasons major are Land Litigation and DuDucha Dam dispute with GoP.
– Latest if Malik Sahab has to Pay above 104 Billion to Govt. 50 billion is already paid rest payable in a month time. DHA taken DHA Valley and Bahria Garden City area lying with DHA 3 on GT Road. BT was given option to take 10000 members so bahria offered 3000 transferred phase 8 and 7000 to BTK, but according to official that scheme failed that why offer was extended till 30th Nov, 2015. Main reason was non clarity about after transfer charges and location of plot.
– After supreme court order on DUDUCHA Dam some portion of dha valley and dha 2 extension is already given to Govt. of Punjab….
– To Come out of the current Mess, Malik Sb is Going to Launch a NEWS Channel hiring and technical work already started.
This is All latest happened I came through different Sources.
Rest ALLAH knows better
Dear Zain,
A simple question when he is planning to hand over the possession to the allottees of DHA Valley ? Any straight forward answer ?
Is Bharia Town ready to Allocate the alternate plots to DHA Valley effectives in any secotor of Bahria town in which immedicate construction can be started , A plan of Bahria Phase 8 extension will be materialised in 2050 only .
News channel will help Malik Riaz to repair his repute , it wil further help him to deprive the effecties of the DHA Valley and other blocks .