Bahria Town Karachi has Extended the Deadline for Additional Development Charges
Bahria Town administration has recently extended the deadline for additional development charges in Bahria Town Karachi. This announcement is made for the 35% additional development charges imposed on the old booking of February 2014. However, there are numerous properties for sale in Bahria Town Karachi on which these additional charges are not applicable.
New Deadline for Additional Development Charges
According to the Bahria Town’s official Facebook account, the new deadline for additional development charges is set for 15 March 2020.
So, the updates are that Bahria Town has still not announced the cancellation or any deduction in the 35% additional development charges. These additional development charges are added to the account statement of all the old files which are payable in the equal 20 quarterly installments over a 5 years period.
New Deadline to Apply for Possession in Bahria Town Karachi
Earlier, Bahria Town had send notices to the owners of ready for possession properties to get the possession by 31ST December 2019. Furthermore, they had also announced to charge a penalty of PKR 100,000 for three months in terms of non-utilization charges. After that, they announced to handover these possessionable properties to another interested buyers.
Later, just like this deadline for additional development charges, the deadline for possession was extended to 15th January and then to January 31 2020. However, the CEO of Bahria Town Chairman Malik Riaz while using his personal twitter account has announced that the deadline for overseas members of old BTK files to apply for the possession is May 15.
In addition to all these deadlines, it is important to mention here that the process to apply for the possession is still continued in Bahria Town Head Office. There are some details that normally applying for the possession and Bahria Town is currently not charging any penalty over that.
However, there is no confirmation about the extension of deadline to apply for the possession of ready properties.
Additional Notice of Utility, Maintenance, and Possession Charges
Indeed, Bahria Town’s management had also shared an additional notice which contains the details regarding the dues applicable on the members who are required to take possession. These charges were specified under the heading of utility charges, maintenance charges and possession charges as well.
These charges are set according to the size and type of the property. The details are shared below:
|Plot Size||Utility Charges||Possession Charges||Maintenance Charges|
|5 Marla (125 Sq. Yd)||84500||97500||1,950|
|5 Marla (250 Sq. Yd)||117,000||136,500||3,250|
|1 Kanal (500 Sq. Yd)||253,500||214,500||6,500|
|2 Kanal (1000 Sq. Yd)||370,500||253,500||13,000|
|4 Kanal and Above||422,500||371,000|
|5 Marla (125 Sq. Yd)||375,500||422,500||2,000|
|8 Marla (200 Sq. Yd)||409,500||585,000||2,600|
|10 Marla (250 Sq. Yd)||513,500||747,500||3,250|
|1 Kanal (500 Sq. Yd)||845,000||812,500||6,500|
|Over 2 Kanal||845,000||600,000||15,000|
|Old Bahria Homes 6 Marla||169,000||214,500||1,950|
|Old Bahria Homes 8 Marla||214,500||195,000||2,600|
|Iqbal Villa 6 Marla||169,000||214,500||1,950|
|Quaid Villa 8 Marla||214,500||286,000||2,600|
|Sports City Villa 350 sq. yards||273,000||422,500||4,550|
|2 Bedrooms (950 sq. ft)||110,500||227,500||1,950|
|3 Bedrooms (2250 sq. ft)||169,000||292,500||2,340|
|4 Bedrooms (2950 sq. ft)||227,500||370,500||3,250|
|Jinnah Avenue Commercial||942, 500||1,560,000||6,500|
So, here are all the details for the new deadline for additional development charges.
For any queries or information, contact Universal Property Network!