daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > General Urban Developments > DN Archives



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old April 9th, 2005, 09:57 AM   #1
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Pakistan's $11bn Real Estate project takes off

TAK Enterprises have prepared the designs for the new Phase 7, 8& 9 of Bahria Town, Pakistan. Bahria will build highrise residential buildings for the first time. project includes an artificial lake, Bahria mega mall, Bahria twin towers, a huge mosque and an intelligent golf city.

Bahria Town also plans to construct Lake city in Lahore and a highrise tower in Karachi.

Project also contains monorail, etc. The whole project will take 24-30 months to complete. More details on the project can be found in this thread.

Rendering -


Last edited by Sultan; June 7th, 2005 at 06:18 AM.
Sultan no está en línea   Reply With Quote

Sponsored Links
Old April 9th, 2005, 10:01 AM   #2
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

A newspaper advert (contains rendering, and other info) -

http://i2.photobucket.com/albums/y38...ia_ad_11bn.jpg

Last edited by Sultan; June 7th, 2005 at 06:13 AM.
Sultan no está en línea   Reply With Quote
Old April 9th, 2005, 10:02 AM   #3
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

TAK awarded 2 Pakistan deals worth US$11b
By MALCOLM ROSARIO

March 26 2005

MALAYSIA’S TAK Management Consultants Sdn Bhd has been awarded two mammoth property development contracts worth US$11 billion (US$1 = RM3.80) by Pakistan property tycoon Malik Riaz Hussain.

TAK, its strongest resume being the designer of Malaysia’s administrative centre Putrajaya, will design and build Phase 7 (US$6 billion), and Phases 8 and 9 (US$5 billion) of Bahria Town — a 4,860ha township in Rawalpindi, Pakistan.

The project is expected to take between 24 and 30 months to complete, with TAK as its sole designer. The company will, however, have to partner several local construction companies to undertake the project.


“We want more Malaysian companies to come and work with us. Pakistan needs about 700,000 houses a year, but the Government and the private sector can manage to churn out only about 300,000 ... we have a lot of work to do,” Malik, chairman of the Bahria group of companies, said.

He said that the Bahria group has enough cash reserves to pay the contractors on a “progressive payment” basis, thus minimising their risk. Bahria may also be willing to provide a mobilisation fee to the contractors.

Bahria has gained a reputation of being able to build high-quality houses, thus positioning Malik as the premier developer in Pakistan.

In his last property launch, Malik collected US$800 million (US$1 = RM3.80) in sales in the first five hours, and expects the same for its subsequent property projects.

Malik did not provide specific details of the contractual terms with TAK, but TAK managing director Teo Ah Khing said the contract was awarded to the company and that the Bahria group had given it the mandate to source for between 20 and 30 Malaysian construction firms to undertake the job.

“The contract has been signed and time is running. We will pick only companies that are capable of delivering,” Teo said, adding that TAK is already in negotiations with 10 listed construction companies and one privately-held construction firm.

“We want to work with committed companies,” Teo said.

He said the Bahria group is cash-rich and, as such, even the funding mechanism could be worked out.

The proposed Phase seven of Bahria Town covers an area of 880 acres. It will be developed into an integrated residential and golf and country resort.

This low-density housing development — which comprises about 3,000 units of semi-detached houses, 600 units of detached houses and 800 condominium units — is aspired to provide a quality living environment to the residents with quality public amenities and recreational facilities.

Phase eight and nine, on the converse, cover a site of 9,200 acres. The area will be transformed into a modern and sustainable city.

TAK said one of the major features of this town is a boulevard which forms a significant central axis and focal point along the commercial and institutional corridor.

“Our contract also includes building a monorail system. We are negotiating with KL Infrastructure Group Bhd (KLIG), Bombardier Inc and Hitachi Ltd for the job,” Teo said.

The first phase of the proposed monorail system will be 6km long and consist of four two-car trains. It will be built at an estimated cost of US$40 million per kilometre.
Sultan no está en línea   Reply With Quote
Old April 9th, 2005, 10:58 AM   #4
Marshal
BANNED
 
Marshal's Avatar
 
Join Date: Mar 2005
Posts: 387
Likes (Received): 16

$11 B??

Are u sure? THat's like around the total reserves of Pakistan!
Marshal no está en línea   Reply With Quote
Old April 9th, 2005, 12:47 PM   #5
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Quote:
Originally Posted by Marshal
$11 B??

Are u sure? THat's like around the total reserves of Pakistan!
Yes! Private sector in Pakistan has lots of cash.

Read the following link, it has cut outs of Malaysian papers.

http://www.pakrealestateonline.com/a...1112970661.jpg
Sultan no está en línea   Reply With Quote
Old April 9th, 2005, 01:13 PM   #6
Urban Dave
In Urbanity I Trust
 
Urban Dave's Avatar
 
Join Date: Apr 2004
Location: Urban Area
Posts: 15,100
Likes (Received): 1518

It remind me to those gigant developments in some zones of China!
Urban Dave no está en línea   Reply With Quote
Old April 9th, 2005, 01:22 PM   #7
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Property business in Pakistan is booming. Lots of overseas Pakistanis are investing back home, so we're seeing lots of new developments at a large scale.

Pakistan is also going to start construction on the PTC, which is going to be 1,500ft tall
Sultan no está en línea   Reply With Quote
Old April 9th, 2005, 03:16 PM   #8
Bahraini Spirit
Registered User
 
Bahraini Spirit's Avatar
 
Join Date: Dec 2002
Location: Bahrain; London
Posts: 3,430
Likes (Received): 4

The project design looks nice, but all the towers are just about the same.
__________________
<<_>>Live your life, let no one hinder!!!<<_>>
Bahraini Spirit no está en línea   Reply With Quote
Old April 9th, 2005, 10:49 PM   #9
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Quote:
Originally Posted by Bahraini Spirit
The project design looks nice, but all the towers are just about the same.
Thats true. There are lots of towers. But the variety is few. The rendering shown above is just one aspect of the project, so we can expect more cool stuff.

A new tall highrise will come up in Karachi.
Sultan no está en línea   Reply With Quote
Old April 10th, 2005, 04:28 PM   #10
RajKhalsa
Registered User
 
Join Date: Apr 2004
Posts: 45
Likes (Received): 0

What does the Developed as Champs-Elysees mean in the rendering?
RajKhalsa no está en línea   Reply With Quote
Old April 10th, 2005, 05:03 PM   #11
SKYLINEPIGEON
slightly used
 
SKYLINEPIGEON's Avatar
 
Join Date: Oct 2002
Location: RIYADH, SAUDI ARABIA
Posts: 1,598
Likes (Received): 0

the world famous boulevard in paris is called the champs elysees so that would probably mean it will be developed like that famous avenue with the famour arc de triomphe at the end???
__________________
Camp Boss
SKYLINEPIGEON no está en línea   Reply With Quote
Old April 10th, 2005, 07:53 PM   #12
egnayya
Registered User
 
Join Date: Nov 2004
Posts: 14
Likes (Received): 0

Which part of Pakistan is Bharia located in? Where will they get all the water for the artificial lake?
egnayya no está en línea   Reply With Quote
Old April 10th, 2005, 10:08 PM   #13
fahed
Mr Anti
 
fahed's Avatar
 
Join Date: Nov 2004
Location: Abu Dhabi
Posts: 715
Likes (Received): 1

From it's name, it's clear that the area is close to water. Bahar means Water in Arabic.

Btw, looks like a cool project and WOW 11 B! It's good that Pakistan won the respect of Pakistani investors overseas and that's what the Arab governments had failed to do.

The buildings in the picture doesn't show many details, therefore I assume they would look better.
__________________
إن الحاضر الذي نعيشه الآن على هذه الأرض الطيبة هو انتصار على الماضي وقسوة ظروفه" المرحوم الشيخ زايد بن سلطان آل نهيان
fahed no está en línea   Reply With Quote
Old April 10th, 2005, 11:04 PM   #14
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Fahed,

Bahria is a Pakistani local devleoper. Bahria means 'Water' in Arabic, and Urdu. The company that is building the project is called 'Bahria'. It has nothing to do with the location.

Back to the topic. A lot of people are investing back home now, in property, and other aspects of the Pakistani industry, because of the booming economy. Alhamdulillah.

The $11bn sum is a combo of different projects by Bahria.

The rendering that I posted above shows the project that would be built in Rawalpindi City, in the Punjab state of Pakistan.

Then Bahria would also construct a very tall highrise in Karachi. No details given out yet.

More dev, another 'Lake City' project for Lahore. There were reports in the press that it would be a $1bn housing scheme.

An 'Intelligent Golf City' would be built in the Federal Capital - Islamabad. Every house would have its own golf course, and other recreational facilities. This intelligent golf city would come up near the Islamabad - Murree Highway.

These all projects by Bahria would total up to $11bn. Contracts for all these projects have been signed. Construction work would begin soon, and the projects are due for completion in 24 - 30 months times. Mind you, these are projects by Bahria Group alone. There is lots of other developments in Pakistan, like the 1,500ft tall PTC !


Last edited by Sultan; April 10th, 2005 at 11:13 PM.
Sultan no está en línea   Reply With Quote
Old April 10th, 2005, 11:26 PM   #15
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Quote:
Originally Posted by RajKhalsa
What does the Developed as Champs-Elysees mean in the rendering?
Raj,

It probably means that the street would be developed on the same pattern as Champs-Elysees.
Sultan no está en línea   Reply With Quote
Old April 11th, 2005, 12:17 AM   #16
Dubai-Lover
Construction Paradise
 
Dubai-Lover's Avatar
 
Join Date: Jul 2004
Location: Dubai (UAE) | Oehringen (GER) | Bad Honnef (GER)
Posts: 12,390
Likes (Received): 5

looks good
i would assume the towers will look different as this is just some kind of a masterplan render
when dubai's projects have been launched all the towers looked the same in the model as well

not sure though, but it doesn't mean they definitely will be identical
__________________
Dubai-Lover no está en línea   Reply With Quote
Old April 11th, 2005, 02:42 AM   #17
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

DL,

I guess your right. The company had to present the project, so they came up with a "not so detailed" render, as seen above.

I check Bahria's website on a regular basis, hoping to see a new and much more detailed render. As soon as they put one up, I hope they do, I'll put it on here.

I seriously hope that the buildings look different than planned. But those two twin towers in the heart of the project, will stay as is, I guess.
Sultan no está en línea   Reply With Quote
Old April 11th, 2005, 03:02 AM   #18
Dubai-Lover
Construction Paradise
 
Dubai-Lover's Avatar
 
Join Date: Jul 2004
Location: Dubai (UAE) | Oehringen (GER) | Bad Honnef (GER)
Posts: 12,390
Likes (Received): 5

yes, one of the first renders ever
this area behind the towers, will there be villas/houses all over the place

looks like this project has a capacity of 10k people
__________________
Dubai-Lover no está en línea   Reply With Quote
Old April 11th, 2005, 03:16 AM   #19
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

DL,

This project of Bahria Town in Rawalpindi comprises of commercial, residential, parks, mosques, club city, and much more.

The project also has a monorail system. The monorail will cost $40m per kilometer.

The area behind the the main boulevard is all residential, and its massive.

Last edited by Sultan; April 11th, 2005 at 03:27 AM.
Sultan no está en línea   Reply With Quote
Old April 11th, 2005, 03:45 AM   #20
Sultan
BANNED
 
Sultan's Avatar
 
Join Date: Jul 2004
Location: South Asia
Posts: 1,823
Likes (Received): 114

Newspaper article on the project, taken off Business Times, it has some details into the project -


Last edited by Sultan; June 7th, 2005 at 06:14 AM.
Sultan no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 04:51 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu