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This article is about the Islamabad based elite real-estate company. For the neighborhoods named Bahria Town, see Bahria, Lahore and Bahria Town Karachi.
Bahria Town (Private) Limited
Company typePrivate
IndustryReal estate, Gated community, Hospitality
FoundedJanuary 14, 1997; 27 years ago (1997-01-14), in Islamabad Zone V, Pakistan
FounderMalik Riaz
Headquarters
Islamabad, Pakistan
Key people
Shaheryar Ahmed malik riaz Chairman
Faiz Mohiuddin Malik Riaz, CEO
ProductsTown
Commercial area
Plots
House
Villa
Restaurants
Hotel
Golf clubs
Hospitals
Total assetsIncrease US$3.4 billion[1] (2021)
Number of employees
160,000 (2017)
Websitebahriatown.com

Bahria Town (Private) Limited (Template:Lang-ur) 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 exclusively developed for the elites in Islamabad but it also accommodate middle-class income families.[4] Its second gated community opened in Lahore, which is influenced by Greco-Roman culture and is built 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.[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) and it is the largest privately owned residential community in the country.[8] Combined, its projects have the capacity to house over a million people.[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 in Pakistan.[10][11][12][13] 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.[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 international news agencies.[23]

Communities

Parks in Bahria Town Lahore
Parks in Bahria Town Lahore

Bahria Town Islamabad

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 Islamabad 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

Bahria Enclave 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 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

Main article: Bahria Town Lahore
Grand Jamia Masjid, Bahria Town Lahore
Grand Jamia Masjid, 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.[27]

Bahria Town Canal Bank Road Lahore
Bahria Town main entrance at Canal Bank Road Lahore

Bahria Town Karachi

Main article: Bahria Town Karachi

Bahria Town Nawabshah

Main article: Bahria Town Nawabshah

Bahria Town Peshawar

Bahria Town Peshawar (Template:Lang-ur, Template:Lang-ps) is a currently constructed privately owned gated community of Peshawar, Khyber Pakhtunkhwa, Pakistan.[28] It was originally going to be launched in January 2020,[29] but was launched on 14 August, 2022. It is being created by Bahria Town.[citation needed]

The location of Bahria Town Peshawar is to be located at Charsadda Road Peshawar near the M-2 Expressway.[30] Bahria Town will be acquiring 100,000 kanals of land.

Bahria Town's CEO Malik Riaz said the purpose for building a Bahria Town in Peshawar is to be provide better homes for the residents of Peshawar and is to be the first one in the region. On his Twitter, he said "it was time to deliver yet again" and asked the residents of Peshawar to "get ready".[28]

Bahria Town Peshawar is like most other Bahria Town societies and will include:[citation needed]

  • Gated Community
  • Security and CCTV Surveillance
  • Extensive and carpeted road structure
  • Basic amenities (water, gas, electricity, sewerage system etc.)
  • Educational Institutes
  • Commercial Areas
  • New Grand Jamia Masjid
  • Theme Park
  • Parks
  • etc.

Shopping malls

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

Name Height Details Timeline
Bahria Icon Tower[31] 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.[32][33] End of 2019
Hoshang Pearl, Karachi 130 meters tall (31 floors) Residential tower.[34][35] 2019
Mall of Islamabad 25 floor Mixed-use high rise 25-story tower in Blue Area, Islamabad.[36] Topped out
Bahria Town Tower, Karachi 84 m (275 ft) (24 floors) Mixed-use, includes shopping mall and apartments.[37] Complete in 2017

Hospitality

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][38][39]

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.
Clock Tower Bahria Town Lahore
Clock Tower Bahria Town Lahore

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. GlobalPost claimed that in 2013, Bahria houses some 100,000 people in total.[40] Newsweek calls it as Pakistan's "Gateway to Paradise".[41] On October 6, 2011, Los Angeles Times refereed Bahria as "functioning state within a non-functioning one".[42] 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.[42]

Controversies

Bahria has been subject to controversies, it is referred to as a symbol of inequality and blamed for illegal encroachment of forests.[42]

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.[43] Ayesha Siddiqa, a civilian military analyst and author of Military Inc.: Inside Pakistan's Military Economy,[44] alleges that those links have allowed him to acquire land, in some cases returning a percentage to senior officers as developed plots.[42] 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.[45]

In April 2016, Malik Riaz Hussain's son, Ahmed Ali Riaz Malik, was named in the Panama Papers.[46]

Dispute with Nayatel and CCP fine

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.[47][48]

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.[49]

Bahria Town has been directed to work with Nayatel to lay down its fiber optic cable network in Phases 1 to 6.[50][51]

See also

References

  1. ^ "10 Titans of Pakistani Business". Retrieved 2022-11-02.
  2. ^ "BahriaTown (Pvt.) Limited: Private Company Information". Bloomberg. Retrieved 2018-10-25.
  3. ^ "BAHRIA TOWN (PRIVATE) LIMITED". OpenCorporates. Retrieved 2018-10-25.
  4. ^ Asif, Haseeb (2016-07-29). "What lies behind the gates of Pakistan's elite communities?". Herald. Retrieved 2016-10-28.
  5. ^ 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.
  6. ^ "bahria town in quetta - Bing images". Bing.com. Retrieved 2016-04-12.
  7. ^ "Profile: Malik Riaz Hussain". Dawn. 2012-06-10. Retrieved 2022-09-18.
  8. ^ Asad, Malik (2015-07-02). "Sindh govt allotted 44,000 acres of land to Bahria Town: Rangers". Dawn. Retrieved 2022-09-18.
  9. ^ "ABOUT BAHRIA TOWN | Bahria Town Islamabad". bahriatownisb.com. Archived from the original on 2016-05-13. Retrieved 2016-04-20.
  10. ^ "Its Only Business". The Nation. April 2016. Retrieved 2016-04-20.
  11. ^ "62-storey Bahria Town Icon reaches structural completion | Pakistan Today". Pakistan Today. 16 October 2017. Retrieved 2022-09-18.
  12. ^ 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.
  13. ^ "BARMTH provides expensive treatments at nominal charges". The Nation. 2012-06-30. Archived from the original on 2012-09-18. Retrieved 2016-04-12.
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  16. ^ "At Bahria Town mosque: Palestine's Grand Mufti leads Friday prayer". The Express Tribune. 2016-02-12. Retrieved 2022-09-18.
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  18. ^ Shaheen, Arshad (2016-02-05). "Bahria Sports City to feature Pakistan's largest cricket stadium". The Express Tribune. Retrieved 2022-09-18.
  19. ^ a b c "Bahria Town, Hyatt Hotels sign landmark accord". The News International. 14 November 2016. Retrieved 2016-11-14.
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  27. ^ "Architectural marvel: World's 7th largest mosque opens for worshippers". The Express Tribune. 2014-10-09. Retrieved 2022-09-18.
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  37. ^ toot. "Bahria Town Tower - Bahria Town - Your Lifestyle Destination". bahriatown.com. Retrieved 2016-11-18.
  38. ^ "Hospitality Net - Hyatt Announces Entry into Pakistan with Plans for Four Hyatt-Branded Hotels". Hospitality Net. Retrieved 2016-11-14.
  39. ^ "News Releases". Hyatt Newsroom. Retrieved 2016-11-18.
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  43. ^ Asad, Malik (19 August 2018). "Property tycoon loses plea for using Bahria Town as brand name". Dawn. Karachi. Retrieved 18 September 2022.
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  45. ^ "Arsalan suo moto: Ali Riaz submits statement in SC - geo.tv". Archived from the original on June 15, 2012. Retrieved June 14, 2012.
  46. ^ 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.
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  49. ^ Attaa, Aamir (2017-02-07). "CCP Fines Bahria Town for Not Allowing Nayatel to Operate in It". ProPakistani. Retrieved 2017-02-07.
  50. ^ "Competition Commission imposes Rs 2m fine on Bahria Town". Profit by Pakistan Today. 2017-02-07. Retrieved 2022-09-18.
  51. ^ Zulqernain. "CCP fines Bahria Town for misusing its dominant position". www.outlookpakistan.com. Retrieved 2017-02-07.
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