ISLAMABAD: Panic and controversy has hit Pakistan’s real estate sector after Bahria Town founder Malik Riaz issued a public warning that services across all Bahria Town projects may face disruption.
In a recent post on X (formerly Twitter), Malik Riaz blamed “unbearable legal obligations and pressures” as the main reason behind the possible halt.
The announcement has sparked panic among residents and investors in Bahria Town communities spread across major cities. Many fear that essential services like security, water supply, electricity backup, and customer support may be suspended.
According to internal sources, property transfers and new bookings have also been affected, while possession of under-construction units is expected to face delays.
This unexpected move is being seen as a major jolt to the real estate market. Industry insiders are calling it an “economic shockwave” for Pakistan’s housing sector. The uncertainty has raised questions over the safety, service management, and day-to-day living conditions inside the gated societies.
Residents in Bahria Town Karachi, Lahore and Islamabad have begun raising their concerns on social media. Some are demanding immediate clarification from Bahria Town management, while others are urging the government to step in and ensure basic services continue without disruption.
Read more: Malik Riaz seeks dialogue through arbitration to avert Bahria Town shutdown
A resident from Bahria Town Karachi told local media that people bought homes in the society for peace of mind and access to modern facilities, but the situation is now causing anxiety.
Investor groups and property forums have also reacted to the announcement. Many have advised property owners not to take hasty decisions, urging them to wait for official statements instead of relying on rumours. They are asking clients to remain calm and avoid panic selling, which could lead to volatility in the real estate market.
The tweet has triggered several hashtag campaigns online, with supporters of Malik Riaz demanding that the judiciary and government ensure a business-friendly environment. They argue that businessmen should not face undue legal harassment or political victimisation.
WHAT SHOULD RESIDENTS DO?
Residents and investors are being urged to stay informed through Bahria Town’s official channels, avoid reacting to unverified reports, and consult with legal or real estate experts before making any decisions.
The coming days are expected to reveal how the Bahria Town management plans to handle the situation and whether government institutions will respond to the concerns raised by thousands of affected families and stakeholders.