Islamabad August 10: The real estate landscape surrounding Bahria Town is facing growing unease as recent tweets from Malik Riaz, combined with National Accountability Bureau (NAB) actions, are putting investor confidence at risk.
According to NAB, a public auction held earlier this month sold six Bahria Town-linked commercial properties—including the Rubaish Marquee for Rs 508 million (Rs 20 million above reserve) and two corporate offices in Rawalpindi that garnered conditional bids of Rs 876 million and Rs 881.5 million respectively.
Still, three properties failed to attract any buyers and are slated for re-auction.These steps accompany earlier property freezes totaling over 450 Bahria properties linked to Malik Riaz and his family in corruption cases.
Amid this turmoil, Malik Riaz’s comments on X—decrying the situation as political persecution—have sparked further concern, with investors questioning the viability of Bahria assets. Voices from online forums reflect anxiety: one investor lamented, “The worst thing I did was invest in Bahria Town… not even sure what will happen later.” Another attributed declining prices to government pressure, adding, “Unless the government changes to a party more favourable to Malik Riaz, I don’t see prices rising again.”
READ MORE: NAB to Auction Six Bahria Town Properties
What this means for Bahria Town’s future:
- Market Sentiment: The combined effect of legal action and public statements has weakened confidence, with buyers adopting a “wait-and-see” approach.
- Property Valuation Pressure: With high-profile auctions underway and some assets failing to sell, market values may slide further, particularly as supply remains oversaturated.
- Recovery Path: Market stabilization depends on legal clarity, potential resolution of NAB cases, and restoration of investor trust. Absent these, property worth in Bahria Town could slip further.
