Bahria Town offers Rs479.598 bn in nine years for settlement of three cases

ISLAMABAD: The management of Bahria Town on Wednesday offered payment of Rs479.598 billion as a final settlement of all the three projects in Karachi, Rawalpindi and Islamabad within a period of nine years.

A three-member implementation bench of the apex court in the Bahria Town Karachi case judgment headed by Justice Sheikh Azmat Saeed heard the case.

Barrister Ali Zafar along with Khwaja Tariq Rahim and Azhar Siddique, counsels for Bahria Town, appeared before the court while Prosecutor General of National Accountability Bureau (NAB) Syed Asghar, Additional Attorney General Tariq Khokar and Sindh Assistant Advocate General Sabtain Mahmood appeared before the court.

Barrister Ali Zafar prayed to the apex court to consider their proposal for final settlement of all the three cases namely Bahria Town Karachi Super Highway Project land of 16,896 acres, state/government land, Takht Pari forest land of 5,472 kanals and Sulktar and Manga Land of 4,542 kanals.

He submitted that the management of Bahria Town would be willing to pay a total of Rs479,598,000,0000 all inclusive of fee, charges, duties, taxes etc comprising of land price, regularisation fee and profit for full and final settlement of all the three cases in accordance with terms and conditions

Ali Zafar said that Bahria Town is willing to pay Rs435 billion for Bahria Town Karachi Super Highway Project of 16,896 acres of land, Rs21.888 billion for Takht Pari forest land of 5472 kanlas and Rs22.710 billion for Sulkhtar and Manga Land of 4,542 kanals.

During the hearing, Justice Sheikh Azmat Saeed however, asked the counsels for Bahria Town to revise the offer as well as duration of mode of payment as well by March 13. Justice Azmat said that the map earlier submitted by the estate builder Prism is different from the map submitted by Bahria Town saying that the land that was surrendered by Bahria town also included in Prism map.

Barrister Ali Zafar, however, submitted that the land disowned by the management of Bahria Town as if plots were allotted therein then the allottees would be accommodated in the Bahria Town Karachi of 16,896 acres of land. Meanwhile, the court directed the management of Bahria Town to revise its offer of payment as well as duration of its time and inform it by March 13 and adjourned further hearing.