Bahria Town
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|
 | |
| Company type | Private |
|---|---|
| Industry | Real estate, Gated community, Hospitality |
| Founded | January 14, 1997, in Islamabad Zone V, Pakistan |
| Founder | Malik Riaz |
| Headquarters | Islamabad, Pakistan |
Key people | Shaheryar Ahmed malik riaz Chairman Faiz Mohiuddin Malik Riaz, CEO |
| Products | Town Commercial area Plots House Villa Restaurants Hotel Golf clubs Hospitals |
| Total assets |  US$3.4 billion[1] (2021) |
Number of employees | 160,000 (2017) |
| Website | bahriatown |
Bahria Town (Private) Limited (Urdu: بحریہ ٹاؤن) is an Islamabad-based privately owned real-estate development company which owns, develops and manages properties across Pakistan.[2][3]
It established its first gated community in Islamabad.[4] Its second gated community opened in Lahore. In 2015, it launched Bahria Town Karachi, the largest of its gated communities, while Bahria Enclave Islamabad (launched in 2013) is the smallest of them.[5][6] Most of these communities are large towns in their own right, its oldest community in Southern Islamabad spans over 16,000 hectares (40,000 acres).[7] The under-construction Bahria Town Karachi spans over 16,000 hectares (40,000 acres), making it the largest privately owned residential community in the country.[8] [9]
The companies subsidiary's include the Mall of Lahore and the under-construction Mall of Islamabad, a chain of cinemas under the brand of Cine Gold, a chain of supermarkets under the banner of Green Valley Hypermarket and skyscrapers including the Bahria Icon Tower, which is the tallest building in Pakistan.[10][11][12][13] The group is also the developer of Grand Jamia Mosque, Lahore, which is the seventh largest in the world and is constructing the third largest mosque in Karachi.[14][15][16] The under-construction Rafi Cricket Stadium, when completed, will also be the largest in the country.[17][18] In November 2016, Bahria entered into a contract with Hyatt to develop four properties across Pakistan, including two golf resorts, worth combined $600 million. The properties would be owned by Bahria.[19]
ACE International Academy is also a project of Bahria Town. Bahria projects usually house upper middle and high income Pakistanis, these communities have private security, ability to restrict access to non-residents and are energy independent from the national grid.[20][21] Bahria gated communities are home to private schools including those operated by the company, private hospitals, hotels, and commercial avenues.[22] Bahria has been featured by several international news agencies.[23]
Communities
[edit]
Bahria Town Rawalpindi
[edit]Despite being located in Rawalpindi, Bahria Town Rawalpindi is also, sometimes, referred to as Bahria Town Islamabad because of it sharing a boundary with the Islamabad Capital Territory.
The original gated community has over 100,000 people and has series of projects. It is divided into various phases and smaller projects. Unlike other housing societies in Pakistan, Bahria produces its own electricity and sells it to its resident through the Bahria Town Electric Supply Company. Bahria Town projects in Rawalpindi and Lahore were running respectively 12 and 9 megawatts of generation units of their own. Bahria Town also has constructed 3 grid stations with its own resources and also provides underground lines to its residents. As of 2022, the communities have a three-hour load shedding schedule.[22][24]
Bahria Enclave
[edit]Bahria Enclave is a housing scheme launched by Bahria Town in July 2011. It is located approximately 8 km from Chak Shahzad, the Park Road & the Kuri Road with access from Srinagar Highway, Lehtrar Road, and Islamabad Highway. On January 31, 2012, Capital Development Authority approved the plan for development of Jinnah Avenue in Zone-IV.[25] The construction project of four-lane road would link main Kuri Road to Kuri Model Village and was awarded to Bahria Town.[26]
Bahria Town Lahore
[edit]
It is a flagship gated community in Lahore. The community is home to the Grand Jamia Mosque, Lahore which is the seventh largest mosque in the world which has a total capacity of 70,000 people.[27]
Bahria Town Karachi
[edit]Bahria Town Nawabshah
[edit]Bahria Town Nawabshah (Urdu: بحریہ ٹاؤن نوابشاہ) is a currently constructed privately owned gated community of Benazirabad, Sindh, Pakistan.[28]
The location of Bahria Town Nawabshah is to be located at Qazi Abdullah Road, on the bank of Rohri Canal Nawabshah.
Shopping malls
[edit]| Shopping Malls | Information |
|---|---|
| Mall of Lahore | 60,000 m2 (650,000 sq ft) commercial space, houses over 70 stores |
| Mall of Islamabad | Under-construction mixed-use high rise 25-story tower in Blue Area, Islamabad |
| Mall of Karachi | Located within the Bahria Icon Tower in Karachi. |
Skyscrapers
[edit]| Name | Height | Details | Timeline |
|---|---|---|---|
| Bahria Icon Tower[29] | 300 m (980 ft) (62 floors) | Tallest building in Pakistan, based on a 1.45-hectare plot in Clifton. Topped out | |
| Opal 225, Karachi | 45 floors | Mixed use development, include apartments, office spaces, shopping mall and a five star hotel, Le Meridian Karachi. Services by RWDI.[30][31] | End of 2019 |
| Hoshang Pearl, Karachi | 130 meters tall (31 floors) | Residential tower.[32][33] | 2019 |
| Mall of Islamabad | 25 floor | Mixed-use high rise 25-story tower in Blue Area, Islamabad.[34] | Topped out |
| Bahria Town Tower, Karachi | 84 m (275 ft) (24 floors) | Mixed-use, includes shopping mall and apartments.[35] | Complete in 2017 |
Hospitality
[edit]On November 14, 2016, Hyatt Hotels Corporation and Bahria Town Group entered into agreement in Abu Dhabi to develop four properties in Pakistan worth over $600 million. All properties are under-construction as of 2016.[19][36][37]
| Property | Details[19] |
|---|---|
| Grand Hyatt Islamabad | 400 guestrooms with 18-hole golf course located within Bahria Golf City designed by Beame Architectural Partnership. |
| Hyatt Regency Karachi | 200 guestrooms golf resort with Pakistan's first night-lit 36-hole golf located within Bahria Town Karachi |
| Hyatt Regency Lahore | 220 guestrooms hotel under-construction in Lahore. |
| Hyatt Regency Islamabad | 165-bed hotel in Bahria Town Islamabad with 11,000 square feet of flexible meeting and event space. |
Recognition and awards
[edit]After success at national level, Bahria has been featured by international magazines and news agencies, referred to as the prosperous face of Pakistan. GlobalPost claimed that in 2013, Bahria houses some 100,000 people in total.[38] Newsweek calls it as Pakistan's "Gateway to Paradise".[39] On October 6, 2011, Los Angeles Times refereed Bahria as "functioning state within a non-functioning one".[40] Regardless of that Bahria has been subject to controversies, it is referred to as a symbol of inequality, blamed for illegal encroachment of forests and unholy alliance with military.[40]
Controversies
[edit]Bahria has been subject to controversies, it is referred to as a symbol of inequality and blamed for illegal encroachment of forests.[40]
To begin with, the name 'Bahria' itself has been controversial and in 2018 a senior court in Pakistan ruled against the use of this name by the private owners of the project.[41] Ayesha Siddiqa, a civilian military analyst and author of Military Inc.: Inside Pakistan's Military Economy,[42] alleges that those links have allowed him to acquire land, in some cases returning a percentage to senior officers as developed plots.[40] Chief Executive of Bahria Town, Ali Riaz Malik, has submitted his statement regarding Arsalan Iftikhar (son of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry) suo moto case in the Supreme Court of Pakistan that Bahria Town was not behind any allegations against Arsalan and that the court's proceedings were not aimed at investigating the affairs of Bahria Town. The written reply also said that if any statement were made against Bahria Town or against its administration, then the organisation would have the right to respond to it.[43]
In April 2016, Malik Riaz Hussain's son, Ahmed Ali Riaz Malik, was named in the Panama Papers.[44]
Dispute with Nayatel and CCP fine
[edit]In August 2016, a complaint from a resident of Bahria Town was forwarded to the Competition Commission of Pakistan (CCP) which revealed that Bahria Town was deliberately preventing other fixed-line service providers from expanding into Bahria Town, and thus giving PTCL the majority of the market share in the housing society, it was also in violation of the Competition Act (2010) by abusing its dominant position and entering into a prohibited agreement.[45][46]
Six months later, CCP imposed a fine on Bahria Town of 2 million PKR for deliberately not issuing a NOC (No-Objection Certificate) to Nayatel in Phases 1 to 6.[47]
Bahria Town has been directed to work with Nayatel to lay its fiber optic network in Phases 1 to 6.[48][49]
See also
[edit]References
[edit]- ^ "10 Titans of Pakistani Business". Retrieved 2022-11-02.
- ^ "BahriaTown (Pvt.) Limited: Private Company Information". Bloomberg. Retrieved 2018-10-25.
- ^ "BAHRIA TOWN (PRIVATE) LIMITED". OpenCorporates. Retrieved 2018-10-25.
- ^ Asif, Haseeb (2016-07-29). "What lies behind the gates of Pakistan's elite communities?". Herald. Retrieved 2016-10-28.
- ^ Riaz, Malik (14 April 2005). "Housing boom a solution to Pakistan's problems". Daily Times. Daily Times. Archived from the original on June 7, 2011. Retrieved May 24, 2009.
- ^ "bahria town in quetta - Bing images". Bing.com. Retrieved 2016-04-12.
- ^ "Profile: Malik Riaz Hussain". Dawn. 2012-06-10. Retrieved 2022-09-18.
- ^ Asad, Malik (2015-07-02). "Sindh govt allotted 44,000 acres of land to Bahria Town: Rangers". Dawn. Retrieved 2022-09-18.
- ^ "ABOUT BAHRIA TOWN | Bahria Town Islamabad". bahriatownisb.com. Archived from the original on 2016-05-13. Retrieved 2016-04-20.
- ^ "Its Only Business". The Nation. April 2016. Retrieved 2016-04-20.
- ^ "62-storey Bahria Town Icon reaches structural completion | Pakistan Today". Pakistan Today. 16 October 2017. Retrieved 2022-09-18.
- ^ Khalid, Hanif (20 May 2012). "Bahria Town wins five international property awards - thenews.com.pk". The News International. Archived from the original on June 12, 2012. Retrieved June 12, 2012.
- ^ "BARMTH provides expensive treatments at nominal charges". The Nation. 2012-06-30. Archived from the original on 2012-09-18. Retrieved 2016-04-12.
- ^ "Bahria Icon opens for booking". The Express Tribune. 2016-01-21. Retrieved 2022-09-18.
- ^ "Bahria breaks ground on world's 3rd largest mosque". The Express Tribune. 2015-01-06. Retrieved 2022-09-18.
- ^ "At Bahria Town mosque: Palestine's Grand Mufti leads Friday prayer". The Express Tribune. 2016-02-12. Retrieved 2022-09-18.
- ^ "Cricket stadium: German firm lands Bahria's contract". The Express Tribune. 2016-02-12. Retrieved 2022-09-18.
- ^ Shaheen, Arshad (2016-02-05). "Bahria Sports City to feature Pakistan's largest cricket stadium". The Express Tribune. Retrieved 2022-09-18.
- ^ a b c "Bahria Town, Hyatt Hotels sign landmark accord". The News International. 14 November 2016. Retrieved 2016-11-14.
- ^ Hetland, Atle (2014-03-23). "Islamabad — a city only for the rich?". Dawn. Retrieved 2016-04-20.
- ^ "Going up: Bahria Town Islamabad plot prices shoot up by 80%". The Express Tribune. 2013-07-18. Retrieved 2022-09-18.
- ^ a b "Welcoming the move: Bahria Town invites PM's taskforce to its power units". The Express Tribune. 2013-07-21. Retrieved 2022-09-18.
- ^ "Pakistani expats' new realty check - Emirates 24|7". Emirates 24/7. 14 December 2013. Retrieved 2016-04-12.
- ^ Staff, Web Desk (2022-06-08). "Bahria Town announces load-shedding from 8th June". The Namal. Retrieved 2023-07-01.
- ^ "CDA approves construction of Jinnah Avenue in Zone-IV - thenews.com.pk". Archived from the original on June 10, 2015. Retrieved December 17, 2015.
- ^ Shaheen, Arshad (2016-05-28). "Bahria Enclave soon to provide night safari". The Express Tribune. Retrieved 2022-09-18.
- ^ "Architectural marvel: World's 7th largest mosque opens for worshippers". The Express Tribune. 2014-10-09. Retrieved 2022-09-18.
- ^ "Bahria Town Nawabshah". Bahria Town. Retrieved 2024-02-09.
- ^ "Bahria Icon Tower Karachi - Latest real estate projects in Pakistan". Propertiesinpakistan.pk. 2011-08-15. Archived from the original on 2016-04-25. Retrieved 2016-04-12.
- ^ "Opal 225 Karachi - Bahria Town - Your Lifestyle Destination". Bahriatown.com. Retrieved 2016-04-12.
- ^ "Bahria Opal 225 - KARACHI Projects and Updates". Archived from the original on December 24, 2013. Retrieved December 24, 2013.
- ^ "Development board approves 42-floor building - The Express Tribune". Tribune.com.pk. 2013-01-18. Retrieved 2016-04-12.
- ^ "Hoshang Pearl Karachi - Bahria Town - Your Lifestyle Destination". Bahriatown.com. Archived from the original on 2016-06-27. Retrieved 2016-04-12.
- ^ "Bahria Town Introduces Mall of Islamabad". www.homespakistan.com. Archived from the original on 2016-10-09. Retrieved 2016-11-18.
- ^ toot. "Bahria Town Tower - Bahria Town - Your Lifestyle Destination". bahriatown.com. Retrieved 2016-11-18.
- ^ "Hospitality Net - Hyatt Announces Entry into Pakistan with Plans for Four Hyatt-Branded Hotels". Hospitality Net. Retrieved 2016-11-14.
- ^ "News Releases". Hyatt Newsroom. Retrieved 2016-11-18.
- ^ "Happiness for some in Pakistan's gated communities". GlobalPost. 2013-12-14. Retrieved 2016-04-12.
- ^ "Bahria Town, Gateway to Paradise ‹ Newsweek Pakistan". Newsweekpakistan.com. 10 December 2013. Retrieved 2016-04-12.
- ^ a b c d Magnier, Mark (2011-10-06). "Pakistan gated community sparks controversy". Los Angeles Times. Retrieved 2016-04-12.
- ^ Asad, Malik (19 August 2018). "Property tycoon loses plea for using Bahria Town as brand name". Dawn. Karachi. Retrieved 18 September 2022.
- ^ Ayesha Siddiqa (9 May 2007). Military Inc.: Inside Pakistan's Military Economy. Pluto Press. ISBN 9780745325453 – via Amazon.com.
- ^ "Arsalan suo moto: Ali Riaz submits statement in SC - geo.tv". Archived from the original on June 15, 2012. Retrieved June 14, 2012.
- ^ Zain, Ali (4 April 2016). "Exposed By Panama Papers: List of Pakistani politicians, businessmen and judges who own offshore companies". Daily Pakistan. Retrieved 12 April 2016.
- ^ "CCP Issues Show Cause Notice to Bahria Town for Blocking Nayatel in Islamabad". 2016-08-04. Retrieved 2017-02-07.
- ^ "CCP issues show-cause notice to Bahria Town for abuse of dominance". The Nation. 4 August 2016. Retrieved 2017-02-07.
- ^ Attaa, Aamir (2017-02-07). "CCP Fines Bahria Town for Not Allowing Nayatel to Operate in It". ProPakistani. Retrieved 2017-02-07.
- ^ "Competition Commission imposes Rs 2m fine on Bahria Town". Profit by Pakistan Today. 2017-02-07. Retrieved 2022-09-18.
- ^ Zulqernain. "CCP fines Bahria Town for misusing its dominant position". www.outlookpakistan.com. Retrieved 2017-02-07.