Malik Riaz in Trouble | NAB’s Major Action against Bahria Town
Bahria Town was once a famous name. People used to trust it. They invested their money without fear. It was seen as a safe place for property buying. Now, things have changed. Bahria Town is facing legal trouble. Big cases are going on in court. Many investors feel unsafe and worried. They do not know what will happen next.
News about the legal issues is spreading fast. It is creating fear in the real estate market. Buyers are confused. Some are even thinking to sell their property. This situation has broken the trust of many people.
Auction Date Announced by Government
The government has taken a big step. They announced an auction for two major buildings. The auction date is June 19. These two properties are Bahria Icon Tower in Karachi and Mall of Islamabad. Both are part of Bahria Town. These buildings are worth billions of rupees.
The reason for the auction is unpaid taxes. The government has waited for many years. But the owners took no action. Now the pressure is too much. So, the government decided to act. Many people have invested in these projects of Bahria Town. They are now very upset. They are afraid their money will be lost. The auction news has made things worse.
Investors Suffer Big Loss
Prices in Bahria Town are falling fast. In some areas, property value has dropped by 40% to 50%. That is a big loss. Some people bought land to build a home. Others wanted to earn rent every month. Now they are only feeling stress and tension.
They cannot sell the property easily. New buyers are afraid to invest. Families who put all their savings into Bahria Town are now worried. They are losing hope day by day.
Ongoing Problems in Real Estate
This is not just about Bahria Town. Many housing projects have problems. Builders have delayed some projects for many years. They still have not completed the development work. Some builders took full payment. However, they did not complete the buildings. Rent was promised, but the buildings are empty. People are angry and feel cheated. Residents want answers. But builders are silent. There are no updates. People feel helpless.
Be Safe – What You Should Do
Before you invest in Bahria Town or any other project, ask for all the documents. Make sure CDA or RDA approves the project, as these are the legal authorities. Do not trust sweet words or marketing tricks. Use your mind and always check the truth. Visit the site before you buy anything in Bahria Town or similar societies. Ask about the NOC. Ask to see the layout plan. Talk to other people who already bought property there. Their experience will help you decide better.
Want a Safe Investment? Talk to Us
If you want peace of mind, we are here to help. Gondal Group of Marketing only deals with legal and approved properties. We care about your savings. We check everything for you. Our team gives honest advice. We guide you step by step. Your trust means everything to us.
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