Bahria Town Islamabad

Bahria Town is one of the largest real-estate developers in Asia. Bahria Town has projects in Lahore, Rawalpindi, and Islamabad and is planning to develop projects in Murree and Karachi.[1]
Controversies

Malik Riaz CEO Bharia Town, using his influence among the government officials got a contract to develop 2,388 kanals of (RECHS) Revenue Employees Cooperative Housing Society land for handing handing over to allocated owners/members of the society. The plot owners had already made full payments of development charges. There were again charged twice for developments charges from Bharia Town. Malik Riaz later backed out of the development work and sold the land to Defence Housing Authority & Army$ Housing Directorate in violation of the law and contract, leaving the owners of the plots in the lurch. According to a recent survey plot prices in adjacent Housing societies ranges from 60 to 80 Lakh / Kanal. A petition has been filled in the Lahore High Court (LHC) Rawalpindi bench against Malik Riaz (Bharia Town).[2]
The development of the Rawalpindi Bahria Town has been undertaken in partnership with Malaysian consortia TAK and MAX Corp[1]
According to Pakistani news sources, Bahria Town has been associated with losses to investors resulting from delays to projects[3]. Bahria Town Chief Executive, Malik Riaz, has blamed these losses on government corruption[1] There have also been accusations that Bahria Town, along with other major developers, were involved in misrepresentation involving the Pakistani armed forces.[4]
 

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