The Malik Riaz Effect
Mr. Malik Riaz is all set to lay the foundations of the famousBahria Town in Karachi, AKASindh 2. He has also announced to take the project into cities like Nawabshah and larkana.
On a very general note, we are a nation divided. We supportTaliban, we want to bomb them, we want to hang Mushrraf while making him the president, we want to open up a bar next to mosque, and the division deepens.
But thanks to Malik Riaz, there is only one place where we stand united, Bahria Town. The magnitude of corruption, forgery, deceit and briber y is so lustrous that every one sitting in the parliament, and out of it, becomes the part of this project.
Media doesn't speak about the malpractices and sheer robbery of Bahria Town , our belovedIqrar ul Hassan and his carbon copies in other channels go live on poor prostitutes earning and honest bread but they lack the courage to visit the booking office of Bahria Town. Not a single word is said or written, not a single action is questioned. As if it is divine, the housing Project of GOD.
Politicians don't speak, so does the political parties, they have kept nothing but silence on this circus that visits different cities of Pakistan like dacoits robbing banks. In fact all the big political parties use Mr. Riaz as their front man as if he is saint de "Pak Saaf".
Army can't say anything because they not only get jobs after retirement but also cheap plots that are sold expensively to civilians.
This time around Malik Sab has set his eyes on karachi and I am sure no one would be able to save the people of Karachi, even the major stake holder,MQM.
So how does Malik Sab and his company works, what is the modus operandi.
Before I start, there is unsaid rule, one rule that we need to understand about the Real Estate business in Karachi.
Rule no 1: any piece of real estate, with value of 10 rupees, if purchased in 20 rupees, would be then sold in above twenty and no less, until the owners wants to sell it cheap. The price of real estate never goes down in Karachi, it always goes up.
So Bahria Town Karachi is launched in Karachi and forms were available in 15000.
Since people of Karachi has a tradition of investing in Real Estate, and thanks to the last government, people of sindh have a lot of black money to invest. So 15000 rupees is nothing to worry about.
Capitalizing on its manipulated credentials, Bahria Townmanaged to sell somewhere around 3,00,000 three hundred thousand forms.
No one knew where and when would Bahria Town would be created, all people knew was it was a good investment opportunity.
Like electing corrupt politicians to power, it has almost become a custom that people of Pakistan specially Karachi, are the most easy prey for a general hustle. It is the greed that leads us to put our money stake.
Anyways, without seeing or knowing we gave MR. Malik Riaz 4.5 billion rupees, all in the form of forms.
Now the real game begins.
It is a process that would transform a 15000 rupees form into a million rupee gold coin.
So after selling 3 hundred thousand forms, Bahria Towndoes the first trick, they announce a minimum 125 thousand waiver on the land to everyone.
This means that the file that you purchased for 15000 has now a worth of one hundered and twenty five thousand plus the original cost of 15000, that would turn it into 140,000.
A simple manipulation multiplied the actual cost of the file to tenfold.
One thing to note is up till nowBahria town is just collecting money without spending a dime, no land is being purchased or shown to the buyer and the only cost is the printing of the form, with it the collection amounts to 4.5 billion, giving Malik Raizenough money to buy land anywhere in the world for free.
Now for the Malik Riaz effect, Bahria Town hires 7 top real estate brokers of the city, (we even know their names and would be provided on request). These brokers are given a task to purchase file from those who bought it for 15000.
But now since the transect value of the file has become 140,000- so Bahria town asks them not to purchase any file in less than 150,000.
A question that can be asked here is why the brokers would purchase the file, answer is very simple. The 7 brokers in Karachi are given billions of rupees to purchase the files. You can see the ads in every newspaper by different brokers.
So why would Bharia Town wants to purchase its file that it sold for 15000 rupees, let me make it clear in pointers.
Files were purchased back in 150,000, to 300,000, bringing the cost of the file at this level.
Fake demand was created and this market manipulation changed the basic price of the file.
For most people, a profit of 200,000 on 15000 is more than a bribe to sell the file.
Now the ads are published in newspapers giving 300,000- for the file
From here, it is understood that file won't be sold less than 300,000.
In the Next Phase Bharia town contacts investors to purchase the file for half a million.
Purchasing only 25 % of the file would create a demand for the file and the price would go beyond half a million.
This becomes a good investment opportunity and after the announcement of the location of the project, people would happily purchase a file of let's say 600,000 in 7 or 800,000.
So without even launching the project, without showing people what are they buying, without investing a dime, Bharia town has managed to create fake demand of a piece of paper, it has made the worth of a paper purchased in 15,000 rupees into .7million. It has created a gambling bazzar and I am sure this all money flowing from left to right and vice versa is paying no charge for the flow.
Now it is up to the leaders of Karachi, the political parties and their heads, can they for once stand up for the money their loyal subjects are investing in this project. Can they stand up against this market manipulation and black economy that is sucking the sweat of the people of Karachi, I am sure they won't because in the words of Mr. Malik Riaz "Mai File k paeyeh laga dayta hoon"
PS: Malik Sab , our blog is for sale as well , we are cheap and would settle only on 1 double story bahria homes
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Fraudulent Bahria Enclave - Grabbing Land and Public Money
Click here to see a video report on Bahria Town project in Islamabad.
http://www.nidokidos.org/threads/210192
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