Wednesday, June 11, 2014

KHAWAJA UMER FAROOQ

Bahria Town


Bahria Town officially Bahria Town (Pvt) Ltd. is the largest real-estate developers and Investors in Pakistan and the largest private housing society in Asia.[1] Bahria Town has establishments in Islamabad (Phase 2 to 7 and enclave), Rawalpindi(Phase 1 and 8), Lahore, Murree and Karachi.[2] Bahria Town is a mega gated community, worth $6 billion only in twin citiesIslamabad and Rawalpindi where it is the original community with nine phases, which has a capacity of a planned residential city for 1 million people. The Town's offers amenities (24-hour armed security, schools, hospitals, a fire department, retail shopping, restaurants and entertainment centers).

Given the Pakistan's security issues, Bahria Town remain the safest place to live with a lower crime rate than other developments. Rival Pakistani developer, Defence Housing Authority, have built similar gated communities in the suburbs of major Pakistani cities such as Karachi. Bahria Town operate's Pakistan’s largest private sector fleet of heavy earth moving equipment and the service workshops. Bahria is also building the First Formula 1 racing track with full proof safety provided to Bahria Town residents. It employs over 20,000 workforce with. Recently Bahria Town announced its collaboration withStarwood Hotels for the opening the Sheraton Golf & Country Club, which would be the first of its kind in Pakistan. Malik Riaz Hussain, Founder and Chairman, is the force behind Bahria Town, started in the 1980s as a small-time contractor. As competitors targeted the rich, he built for the emerging middle class, becoming one of the wealthiest Pakistanis alive.[3] In May 2012, Bahria Town won five awards at the Asia Pacific International Property Awards.[4][5]

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.'[6] GlobalPost claimed that in 2013, Bahria houses some 100,000 people in total.[7] Newsweek calls it as Pakistan's Gateway to Paradise.[8] On October 6, 2011, Los Angeles Times refereed Bahria as 'functioning state within a non-functioning one'.[9] 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.[9]

KHAWAJA UMER FAROOQ

About KHAWAJA UMER FAROOQ -

Stand Up for What is Right Even If You Stand Alone.

Subscribe to this Blog via Email :