Bahria Town investors fear their life-time savings at stake

Bahria Town investors fear their life-time savings at stake

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Monday advised the management of Bahria Town to act sensibly as investors are fearing their life-time savings are at stake.

Acting President Karachi Chamber of Commerce & Industry (KCCI) Arshad Islam and Chairman of Karachi Chamber’s Housing, Construction & Real Estate Subcommittee Asif Sumsum at a meeting while expressing deep concerns over the hardships being faced by the allottees and members of Bahria Town, stated that the management of Bahria Town should have to act sensibly and they must prudently tackle the situation otherwise the project was likely to turn into a yet another serious scam which was neither in the interest of Bahria Town nor in the interest of Real Estate Agents, Investors and the General Public whose are fearing that all their lifetime savings were at stake.

They underscored that any issue pertaining to additional charges or irregularities in the Bahria Town project have to be amicably resolved as it was not just a matter of grave concerns for the real estate agents, investors and overseas Pakistanis but also for thousands of those masses who have invested their hard earned monies and savings in different projects of Bahria Town so that they could ultimately have their own house in a beautiful, safe and secure locality which is obviously the biggest dream of almost all the people.

Nobody can afford to see Bahria Town sinking, as it would give a serious blow not just to Bahria Town but also to all the stakeholders including the perturbed allottees and investors therefore, any irregularities in this essential project must be cautiously rectified and relief has to be provided as per aspirations of the perturbed masses, they added.

Acting President KCCI and Chairman Housing, Construction & Real Estate Subcommittee stressed that the management of Bahria Town must devise those policies and strategies that ensure uninterrupted activities at Bahria Town. Not only Bahria Town but all other Developers must strictly refrain from taking those steps that terribly shake the confidence of the public and result in drowning their investments.

The present government, local relevant authorities and the management of Bahria Town will have to seriously handle the situation, they said, adding that the Karachi Chamber, being the premier chamber of the country, is keeping a strong vigil on numerous developments in this particular issue and would certainly raise strong voice and knock every single door for assistance, if any injustice is done to the public.

“KCCI, under its policy of ‘Public Service’ introduced by Chairman BMG Siraj Kassam Teli intervenes in every single matter that directly or indirectly affects the business & industrial community or the citizens of this city”, Acting President KCCI Arshad Islam said, “We are neither against the management of Bahria Town nor favoring anyone but would be happy to see that the issue is amicably resolved which is in the larger interest of this city.”