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Sindh Government Shocks Real Estate: Cancels NOC for One of Karachi's Priciest Housing Societies


The Sindh Building Control Authority (SBCA) has taken strict action against Bahria Town Karachi over unpaid dues.


The SBCA has stopped Bahria Town Karachi from advertising and selling any property. Furthermore, a case has also been registered against its owners, Malik Riaz and Ali Riaz Malik, for the dishonoring of their three cheques, each valued at Rs. 64,168,762.


According to the authority, the action was taken after the developers of the real estate project failed to pay scrutiny fees to the regulator. However, it didn’t reveal the amount Malik Riaz’s Bahria Town owes.


Additionally, it didn’t respond to the show-cause notice for the dishonoring of its cheques. The SBCA informed Bahria Town about the withdrawal of its No-Objection Certificate (NOC) for the sale and advertisement of its Karachi project via a letter.


Bahria Town Karachi has been in the media spotlight for all the wrong reasons for a number of years now.


It should be recalled that it was stopped from selling plots and residential units over irregularities regarding the acquisition of land for Bahria Town Karachi from the Sindh government by a three-member bench of the Supreme Court.



This post first appeared on Urdu Web Hub, please read the originial post: here

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Sindh Government Shocks Real Estate: Cancels NOC for One of Karachi's Priciest Housing Societies

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