Revenue 10 billion USD (2015) Headquarters Rawalpindi Total assets 20 billion USD (2015) | Number of employees 550,000 Type of business Private | |
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Key people Malik Riaz Hussain, ChairmanAhmed Ali Riaz Malik, CEO Products TownCommercial areaPlotsHouseVillaRestaurantsHotelGolf clubsHospitals Profiles | ||
Bahria Town (Urdu: بحریہ ٹاؤن) is a Rawalpindi-based privately owned real-estate development company which owns, develops and manages properties across Pakistan. It is the largest private real estate company in Asia.
Contents
- Jaidad com pk pakistan property tax 2016 expert advice from bahria town lahore
- Bahria Town Rawalpindi
- Bahria Enclave Islamabad
- Bahria Town Lahore
- Bahria Town Karachi
- Bahria Golf City
- Hospitality
- Recognition and awards
- Controversies
- References
Founded in late-1990s, it established its first gated community in southern Rawalpindi on the Grand Trunk Road, which by mid-2000s had expanded into nine phases divided into two compounds. Its second gated community opened in Lahore, which is influenced by Greco-Roman culture, and is build in Southern Lahore. In 2015, it launched the Bahria Town Karachi, the largest of its gated communities, while Bahria Enclave Islamabad (launched in 2013) is the smallest of them. Most of these communities are large towns in their own right, its oldest community in Rawalpindi spans over 40,000 square acres. The under-construction Bahria Town Karachi spans over 44,000 acres is the largest privately owned residential community in the country. Combined, its projects have the capacity to house over a million people.
Apart from gated towns, the company owns several shopping complexes including the Mall of Lahore and the under-construction Mall of Islamabad, 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 in Pakistan. With over 100,000 employees, the group also is the developer of Grand Jamia Mosque, Lahore, which is the seventh largest in the world, and is constructing the third largest mosque in Karachi. The under-construction Rafi Cricket Stadium stadium when completed will also be the largest in the country. On November 2016, Bahria entered into a contract with Hyatt to develop four properties across Pakistan, including two golf resort's, worth combined $600 million. The properties would be owned by Bahria.
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. Bahria gated communities are home to private schools including those operate by the company, private hospitals, hotels and commercial avenues. Bahria has been featured by international news agencies' GlobalPost claimed that in 2013, Bahria houses some 100,000 people in Rawalpindi alone. Newsweek calls it as Pakistan's Gateway to Paradise. On October 6, 2011, Los Angeles Times refereed Bahria as 'functioning state within a non-functioning one'. 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 illegal alliance with military.
Malik Riaz Hussain, a major real estate mogul and founder of Bahria Town has an approximate net worth of US$1.1 billion.
Jaidad com pk pakistan property tax 2016 expert advice from bahria town lahore
Bahria Town Rawalpindi
The original project, the 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. There is no load shedding in Bahria Town projects.
Bahria Enclave Islamabad
Bahria Enclave Islamabad is a housing scheme launched by Bahria Town in July 2011. It is located approximately 8 km (15 minutes) drive from Chak Shahzad, the Park Road & the Kuri Road with access from Kashmir Highway, Lehtrar Road & Islamabad Highway. On January 31, 2012, Capital Development Authority approved the plan for development of Jinnah Avenue in Zone-IV. The construction project of four-lane road would link main Kuri Road to Kuri Model Village and is awarded to Bahria Town.
Bahria Town Lahore
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.
Bahria Town Karachi
Includes residential and commercial plots, bahria apartments and bahria homes in addition to exclusive block for overseas residents. Situated 9 km from Toll Plaza on Karachi-Hyderabad Super highway. Bahria town Karachi is the most prestigious project of bahria town ever. The bahria town is planned excellently to counter all the problems faced by Karachiites. It is going to have the widest ( 18 lane ) bouleward in world, named Jinnah Avenue with a majestic grand gate house towering higher than 110 feet.
Bahria Golf City
Under-construction golf themed gated community which includes an Hyatt Gold Resort.
Hospitality
On November 14, 2016, Hyatt Hotels Corporation and Bahria Town Group entered into agreement in Abu Dhabi to develop four properties in Pakistani worth over $600 million. All properties are under-construction as of 2016.
Recognition and awards
After success at national level, Bahria has been featured by international magazines and news agencies, referred to as the prosperous face of Pakistan. According to Emirates 24/7 Bahria Town is 'where Pakistan's new middle class takes refuge from the Taliban attacks and endless power cuts that plague the rest of the country.' GlobalPost claimed that in 2013, Bahria houses some 100,000 people in total. Newsweek calls it as Pakistan's Gateway to Paradise. On October 6, 2011, Los Angeles Times refereed Bahria as 'functioning state within a non-functioning one'. 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.
Controversies
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.
Ayesha Siddiqa, a civilian military analyst and author of "Military Inc: Inside Pakistan Military Economy," alleges that those links have allowed him to acquire land, in some cases returning a percentage to senior officers as developed plots. Chief Executive of Bahria Town, Ali Riaz Malik has submitted his statement regarding the 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.
In April 2016, Malik Riaz Hussain's son, Ahmed Ali Riaz Malik, was named in the Panama Papers.