Shahid Abassi
Chief Minister (5k+ posts)
Make it 470 as he must have paid 10 billion to the judges. The land in Karachi is worth nothing less than 1150 bn.
Supreme Court accepts Bahria Town’s Rs460b offer for Karachi Superhighway land
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Muhammad Jibran
Chief Minister (5k+ posts)
I know what has happened.... This judgment will give rise to corruption.
Alpha Charlie
MPA (400+ posts)
shaheenzafar
MPA (400+ posts)
سپریم کورٹ نے اگر ملک ریاض سے پیسے لینے ہی تھے تو جرمانہ ڈالروں کے ساتھ مشروط کردیتا ہے کیونکہ ملک میں پراپرٹی اور ڈالر کی ویلیو وقت کے ساتھ اپ ہوتی رہتی ہے اور ملکی کرنسی ڈی ویلیو ہوتی رہتی ہے لیکن ڈالر کی کرنسی کبھی ریورس نہیں ہوتی تو جرمانہ کا ڈالر سے مشروط س ہونےے پاکستانی حکومت کو کچھ فائدہ ہی ہوجاتا،
PTI-Zindabad
MPA (400+ posts)
This is so misleading, Rs 460Bn over many years is NOT Rs 460bn in one year! Inflation will easily eat up the actual value of the money returned in years 2-5, which means the actual money returned is not more than Rs 300 Bn in today's rupee terms!
karachiwala
Prime Minister (20k+ posts)
but what about the poor people whose land was apprehended by Malik Riaz. these people should be compensated before any money being deposited in government coffers
Notpersonal
Minister (2k+ posts)
i think its a good decision. iss mulk main muqadamy her ek per chaltay hain, recovery nahi hoti ,
1)behria town main aik kanaal plots ki qeemat 50 lac - 2 crore.
2)8 kanaal = 1 acre
3)total zameen =16800 acre. or 16800 x 8 = 134400 kanaals
4) kam se kam qeemat 134400 x 5000000 = 672,000,000,000
5)ziyada se ziyada qeemat 134400 x 20000000 =2,688,000,000,000
6)ausat qeemat 672,000,000,000 + 2,688,000,000,000 = 3,360,000,000,000 / 2 =1,680,000,000,000 pak rupees
7)kia 460,000,000,000 pak rupees saheeh qeemat hai zameen ki jis per court ne faisla diya hai?
8)agle 7 saal main zameen ki qeemat kia ho gi?
2)8 kanaal = 1 acre
3)total zameen =16800 acre. or 16800 x 8 = 134400 kanaals
4) kam se kam qeemat 134400 x 5000000 = 672,000,000,000
5)ziyada se ziyada qeemat 134400 x 20000000 =2,688,000,000,000
6)ausat qeemat 672,000,000,000 + 2,688,000,000,000 = 3,360,000,000,000 / 2 =1,680,000,000,000 pak rupees
7)kia 460,000,000,000 pak rupees saheeh qeemat hai zameen ki jis per court ne faisla diya hai?
8)agle 7 saal main zameen ki qeemat kia ho gi?
Khair Andesh
Chief Minister (5k+ posts)
اس فیصلہ کی رو سے ساری قوم کو دعوت عام ہے کہ جی بھر کر کرپشن کرو، اور بعد میں اس کا کچھ حصہ دے کر چھوٹ جائو
Ferrari
Senator (1k+ posts)
Bani Gala:
Islamabad's Master Plan is split into 5 Zones. Bani Gala falls under zone-4 of Islamabad. All the land sale going on there by CDA or private sector is and has always been legal. But unlike Zone-1 and Zone-2 of Islamabad, CDA never "mandated" NOC procurement for residential buildings in Zone-4. So some people in Bani Gala started encroaching into others' land and this created a big mess. However, after the case verdict, now CDA will start reviewing the residential maps in Zone-4 and everyone shall be required to procure a NOC! That's the whole matter, which PPP and PMLN has been looking to twist to make it appear as if it is a Bahria Town like case!
OFFICIAL CDA ZONING REGULATIONS (stating what i've shared above):
??http://www.cda.gov.pk/documents/docs/zone4regulations.pdf
Grand Hyatt:
The Land sale for Grand Hyatt was legal and the land was marked for Hotels in Islamabad's Master Plan. This is where there is already a Serena Hotel next to it! However, Grand Hyatt without prior approval converted the Hotel building into an apartment building.
Grand Hyatt case: Court orders builder to pay Rs17.5b to CDA in 8 years | SAMAA
Pakistan's top court ordered on Wednesday the builder to pay Rs17.5 billion to CDA in eight years in the Grand Hyatt case. The Supreme Court accepted the appeal of the BNP Group against the Islamabad High Court order, which upheld the lease cancellation of a plot meant for the Grand Hyatt hotel...www.samaa.tv
The court had two options:
It chose the second option.
- Either demolish the building
- or Fine the builder.
BAHRIA TOWN:
I think everyone knows the details here! Two main issues were:
Hope it is clear now!
- Illegal sale of land. Land reserved for forests cannot be sold.
- Illegal valuation of cost of land. Malir Development authority didn't sell the legal land for residential area on market rate! They took just 2 Billion Rupees for which we are getting Rs. 460 Billion now!! ???
Thank you for such an informative post and double thank you for slapping the phatwaris and ignorant idiots also.
Khair Andesh
Chief Minister (5k+ posts)
از روئے حدیث پچھلی قومیں اس لئے برباد ہوئیں کہ طاقت ور کو چھوڑ دیا جاتا تھا، اور کمزوروں کو پکڑ لیا جاتا تھا۔یہ فیصلہ ان لوگوں پر بجلی بن کر گرا ہو گا جن کے کھروں اور کاروبار کو تجاوزات کی آڑ میں برباد کر دیا گیا۔
Khair Andesh
Chief Minister (5k+ posts)
اگر" پٹواری" کی تعریف ایسے شخص کی ہے جو اپنی حکومت،جماعت یا لیڈر کے ہر اچھے برے فیصلہ کی حمایت کرے، تو جہاں نون لیگ اور دوسری جماعتیں ایسوں سے بھری ہوئی ہیں، وہیں تحریک انصاف بھی ان سے تہی دامن نہیں ہے۔
PTI-Zindabad
MPA (400+ posts)
Oh bhai yay Tehrik-e-Insaf ki decision nahin hay. Courts are independent.
insouciant
Minister (2k+ posts)
Rs. 460 Billion is more than reasonable for the land! If I was Malik Riaz, I would have walked away for anything above Rs. 400 Billion. I think he will be issuing surcharge notices to the file owners and asking them for 3/5 lakh more per plot now before handing them the possession.
1. First, You do the calculations with book value. i.e. the price at launch devoid of any capital gains.
www.property365.pk
Capital gains/drop is counted as the investor's/buyer's risk/gain not the developer's.
2. Second, Cost of infrastructure development (roads, sewerage, electricity etc.) is typically 3 - 5 times the cost of land! Add that too to the cost of land to determine the fair price of a plot!
3. Third, your analysis is extremely STUPID. As you are assuming there is only residential area in the scheme, with no space for parks, roads, mosques, commercial, grave yards etc. with every house standing next to each other on 16,800 acre. ?? I don't know what is MDA's regulation in this regard but Typically, a healthy scheme has 45-50% area for residential purpose!
1. First, You do the calculations with book value. i.e. the price at launch devoid of any capital gains.
Bahria Town Karachi Latest Rates (August, 02 2014) | Property 365
Bahria Town is the force turning the vision of a modern Pakistan into reality. Bahria Town has been shaping landscapes and lives since the company’s inception in 1996. After delivering iconic projects and futuristic developments with world-class amenities, facilities and infrastructure to the...
www.property365.pk
Capital gains/drop is counted as the investor's/buyer's risk/gain not the developer's.
2. Second, Cost of infrastructure development (roads, sewerage, electricity etc.) is typically 3 - 5 times the cost of land! Add that too to the cost of land to determine the fair price of a plot!
3. Third, your analysis is extremely STUPID. As you are assuming there is only residential area in the scheme, with no space for parks, roads, mosques, commercial, grave yards etc. with every house standing next to each other on 16,800 acre. ?? I don't know what is MDA's regulation in this regard but Typically, a healthy scheme has 45-50% area for residential purpose!
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