Bahria Town Karachi 2 is one of the largest and most expensive real estate projects in Pakistan. It’s a sprawling development comprising of residential towers, shopping malls, and a lavish entertainment complex. Who actually owns Bahria Town Karachi 2? And more importantly, who is benefiting from its construction? In this article, we will explore these questions and more. We will also provide you with key information on the history of Bahria Town Karachi 2 and how it has come to be one of the most controversial developments in Pakistani history.
Who is the onwer of Bahria town Karachi 2?
The onwer of Bahria town Karachi is a joint venture between the Sindh government and the Dubai-based real estate company Emaar Properties. The project was first conceived in 2007, with the goal of creating a mixed-use urban development along the banks of the River Indus. The development, which is set to encompass over 1 million square feet of built space, will include residential and commercial properties as well as a luxury hotel.
The onwer of Bahria town Karachi is a joint venture between the Sindh government and Emaar Properties.
What is the history of Bahria town Karachi 2?
The history of Bahria Town Karachi can be traced back to the early 1900s when it was known as a small fishing village. The Karachi Port Trust, which was founded in 1890, began developing the town and named it after Bahria Shah Zafar, then emperor of India. In 1974, the town became an independent municipality. Today, Bahria Town is one of the most popular tourist destinations in Karachi and is home to many luxury hotels and shopping complexes.
Who are the current onwers of Bahria town Karachi 2?
The current onwer of Bahria town Karachi is the Bahria Town Development Company (BTDC). BTDC was initially constituted as a joint venture between the provincial government and the Aga Khan Foundation in 2003 with an initial capital of Rs. 1,000 crore. The objective of BTDC was to develop and manage Bahria Town, a planned township located on reclaimed land adjacent to the Karachi coastal belt. In March 2010, the Sindh High Court ordered that all decisions regarding Bahria Town be taken by an elected body, which led to the establishment of a municipal council. The council consists of 51 representatives from different political backgrounds.
How did Bahria town Karachi 2 come into possession by its current onwers?
The current onwers of Bahria town Karachi are unknown. The town was initially developed by the government of Pakistan and handed over to the Bahria Town Authority in 2006. However, the authority has been unable to keep up with maintenance and development needs of the town, resulting in widespread poverty and unemployment. As a result, many residents have left Bahria town Karachi in search of better opportunities.
What are the allegations against the onwer of Bahria town Karachi 2?
The onwer of Bahria town Karachi is a disputed figure. Some allege that the onwer is Saeed Ahmed Khan, while others allege that the onwer is Hussain Ahmed Khan. The allegations against each individual are unclear.
What is the state of affairs in Bahria town Karachi 2?
The state of affairs in Bahria town Karachi 2 is quite confusing. The local administration has not been able to restore law and order in the area since it was engulfed in violence a few months ago. The security situation is still shaky, with sporadic clashes taking place between rival groups. In addition, there is a lack of basic services like healthcare and clean drinking water. Residents are also facing increasing prices of staple items. This has forced many people to leave their homes, depriving the town of its vital population. Attempts by the local administration to revive the economy through various schemes have not been successful so far.
The onwer of Bahria town Karachi is the Bahria Town Corporation (BTC). The corporation was incorporated in 2001 with a view to revitalising the area and providing quality living for its residents. It has developed many projects including hospitals, schools, recreational areas and markets.
The BTC also manages public utilities such as water supply, sanitation and electricity in the town.