+- Pakistan Real Estate Times - Pakistan Property News (https://www.pakrealestatetimes.com)
+-- Forum: Pakistan Real Estate / Property News (/forumdisplay.php?fid=1)
+--- Forum: Latest Pakistan Property & Economic News (/forumdisplay.php?fid=4)
+--- Thread: Deals with foreign builders (/showthread.php?tid=9227)
Deals with foreign builders - Lahore_Real_Estate - 12-14-2009 12:21 PM
Saturday, December 12, 2009
Karachi
The Sindh High Court (SHC) on Friday directed the Administrator of the Defence Housing Authority to file till December 16, 2009, agreements authority signed with foreign builders regarding constructions of multi-billion rupees mega projects Creek Marina, Crescent Bay, initiated in DHA, Karachi.
Petitioner, Adil Gilani, approached the SHC against alleged frauds being committed by builders of Multi-billion rupees mega projects, EMAAR Project, Crescent Bay, and Meinhardt Project, Creek Marina being constructed in the DHA.
He stated that foreign builders were imposing heavy penalties on buyers who were unable to pay regular installments.
He contended building byelaws do not permit a penalty of more than 4 percent of paid installments in case of cancellation of unit from builder and buyer, but builders were deducting 30 percent of unit prices/total price.
In many cases, builders make a booking for the same unit in the names of multiple buyers thus leaving leeway for blackmailing the general public who invest with such builders. He prayed the court to order the DHA to eliminate fraudulent practices of builders/developers being committed in projects Crescent Bay & Creek Marina.
He also prayed to order builders to place before the court agreements signed with parties.
The SHC division bench directed the DHA to file such agreements as well as agreements with individuals who booked apartments in projects Creek Marina & Crescent Bay as also the agreements with Meinhardt on project Creek Marina which should be placed to show on what terms and conditions these were given to buyers of Creek Marina.
The Court also repeated notice to the Chief Executive Officer, Clifton Cantonment Board, and issued notices the to Chief Executives of EMAAR’s project Creek Crescent, & Meinhardt’s project, Creek Marina, to file comments on the next date of hearing.
Notice issued in petition questioning appointment: Notices were issued to Ministry of Law and Justice, Chief Secretary Sindh and Member Technical of Environment Protection Tribunal (EPT) by a division bench of High Court of Sindh (SHC) comprising Justice Musheer Alam and Justice Aqeel Ahmed Abbasi here on Friday.
The bench was hearing a constitution petition filed by Ghulam Qadir Mahar who retired from the Police department in Grade-21.
The petitioner referring to the advertisement appearing in local newspapers on 12-4-2008 submitted that he possessed all qualification and was domiciled from Sindh Rural area but one Sami-uz-Zaman was appointed while petitioner and other applicants to the post of Member Technical were even not called for interview.
The petitioner prayed to the court to declare inaction by the respondents for not filling the position impugned in the petition as illegal, direct respondent to interview applicants including petitioner and to appoint the petitioner if no other applicant is available from Rural Sindh.
The bench after hearing Barrister Zamir Ghumro, counsel for petitioner issued notices to the respondents for a date to be fixed later by the office of the court.