Behria Town
Encyclopedia
| Bahria Town (Pvt.) Ltd. | |
| "Lifestyle Destination " | |
| Ownership | Private |
| Type of Institution | Real Estate Sector |
| Established | 1996 |
| Chairman | Malik Riaz Hussain |
| Headquarters | Rawalpindi Rawalpindi Rawalpindi , locally known as Pindi, is a city in the Pothohar region of Pakistan near Pakistan's capital city of Islamabad, in the province of Punjab. Rawalpindi is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad...  Pakistan |
| Total Employees | 20,000 |
| Homepage | http://www.bahriatown.com |
Bahria Town is one of the largest real-estate developers in Pakistan. Bahria Town has projects in Lahore
Lahore
Lahore is the capital of the Pakistani province of Punjab and the second largest city in the country. With a rich and fabulous history dating back to over a thousand years ago, Lahore is no doubt Pakistan's cultural capital. One of the most densely populated cities in the world, Lahore remains a...
, Rawalpindi
Rawalpindi
Rawalpindi , locally known as Pindi, is a city in the Pothohar region of Pakistan near Pakistan's capital city of Islamabad, in the province of Punjab. Rawalpindi is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad...
, and Islamabad
Islamabad
Islamabad is the capital of Pakistan and the tenth largest city in the country. Located within the Islamabad Capital Territory , the population of the city has grown from 100,000 in 1951 to 1.7 million in 2011...
and is planning to develop projects in Murree
Murree
Murree city is a popular hill station and a summer resort, especially for the residents of Rawalpindi/Islamabad, and for the cities of the province of Punjab, Pakistan...
and Karachi
Karachi
Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...
.
Malik Riaz Hussain, the force behind Bahria Town, started in the 1980s as a small-time contractor. As competitors targeted the rich, he built for the emerging middle class, becoming one of Pakistan's richest developers.
Controversies
Critics say Riaz's Bahria Town empire has been fueled by close ties to the military. Ayesha Siddiqa, author of "Military Inc: Inside Pakistan Military Economy," alleges that those links have allowed him to acquire land, in some cases returning a percentage to senior officers as developed plots.Malik Riaz CEO Bharia Town, using his influence among the government officials got a contract to develop 2,388 kanals of (RECHS) Revenue Employees Cooperative Housing Society land for handing handing over to allocated owners/members of the society. The plot owners had already made full payments of development charges. There were again charged twice for developments charges from Bharia Town.
Malik Riaz later backed out of the development work and sold the land to Defence Housing Authority & Army$ Housing Directorate in violation of the law and contract, leaving the owners of the plots in the lurch. A petition has been filled in the Lahore High Court (LHC) Rawalpindi bench against Malik Riaz (Bharia Town).
According to Pakistani news sources Geo, Bahria Town has been associated with losses to investors resulting from delays to projects. Bahria Town Chief Executive, Malik Riaz, has blamed these losses on government corruption. There have also been accusations that Bahria Town, along with other major developers, were involved in misrepresentation involving the Pakistani armed forces.
See also
- Bahria Town Lahore
- Bahria Town Rawalpindi
- DHA Valley IslamabadDHA Valley Islamabad- Introduction :DHA Valley Islamabad is a town located in Defence Housing Authority, Islamabad. A 6-lane DHA Expressway links main GT Road to DHA Valley. It is next to DHA Phase II-Ext. It is a joint venture project of DHA Islamabad, Bahria Town and Habib Rafiq Private Limited...