Last night, entire, my brain was oozing with lines, phrases, and expressions that can encapsulate the acumen of Mr. Malik Riaz but I failed. Sir you are beyond imagination, you are a king, a magician, a miracle, if America is the land of opportunities, then Malik Riaz is its dad, hire me, take me as your pet, your genius has brought you where you are right now, who the hell are we to comment otherwise.
We cannot even begin to imagine or substantiate what you did with your housing project. When we wrote the first part titled “The Malik Riaz Effect” we were naive to think that we can fathom the extent of financial manipulation and gambling, banks cant, brokers can’t even largest of the chartered accountancy firms cannot calculate the volume of trade. We are forced to write the second part, not in order to defame you, No Sir, respect for you only, you did what we deserved. You lead the largest black Market economy, surely in the world. I think the government and state bank should invest with Mr. Malik Riaz, I am sure it will pay off all the loans on Pakistan.
Anyways, we would try to be more rationale then the last time, we spent many hours of researching, we sat with brokers, agents and investors and we have no doubt in saying it again, There is no “American Dream” , there is only “The Malik Riaz Effect”, that is the real dream.
Let us continue with recounting sold facts.
First fact is, now there is a job opportunity that is like a stock broker, he is called the BT file broker. A poor man that makes 100,000 rupees per day as his commission, on the rate of 2000 rupees per file. He finds the buyers; he finds the sellers, and sells only the “PARCHI” and makes money out of it. Now you would say he is an Estate Agent, honey, there should be a piece of Estate for the estate agent to sell, but there isn’t. Then how Mr. Malik Riaz is doing it, well the key lies in some more facts.
It all started off from buying our beloved media houses through an advertising budget of 1 billion, free and independent as they are, so they sell themselves to whoever they like, they don’t care about the tax free income, don’t care about the black market economy, media doesn’t even care about the people being robbed off in the name of Bharia Town.
Second fact is, there is land, and its allotted land, 28,000 acres of Land allotted to Bahria Town, by MDA. Our media won’t tell you, Bahria town would not tell you and Malik Riaz won’t tell you, and that is the key. Keep buyers guessing, so they think there is not enough land. We are chanting there is not enough land, there is nothing, but there is a lot of land. Keeping it a secret would create demand, and in that demand creating room for gambling by constantly feeding media and through media, the masses.
The world thinks that they are missing up on something big that is Bahria Town. So all those who think like that, please wait and see for yourself, there is too much land. Media played a pivotal role in ensuring that positive propaganda keeps coming, things like waivers and discounts, portraying Bahria Town as a lifetime opportunity.
Now you may think that both the facts are contradictory, but there is a difference. See if it all it was disclosed before that there is allotted land that can compensate everyone then there would not have been gambling. So second fact is a disclosure, or you may say breaking news.
Second biggest cartel involved in Making Bahria Town bigger then Stock Exchange is banking industry. They remained loyal to their cause of market manipulation and ensured a thriving black market economy. Forms were supposedly available at the banks. They ensured that only one percent of the forms are given out from the banks, rest of 99 percent people was told from the banks that forms are hot cakes, hence they are sold out.
Now the biggest brokers, apart from estate agents are bank managers. They are selling forms, and you can get it in black, as many as you like. (If you can’t, please tell us, we will arrange it for you.)
Third fact, there won’t be any balloting, wait and see. And if it all there would be, you won’t find a single person, who filled a form and didn’t have a plot.
It was also predefined that if the number of forms crosses a certain limit, let’s say 100,000, then the prices of the plots would be on the higher end. A 125 sq. yards plot for 1.7 million, with a quarterly installment of nearly 100,000 rupees, is it not expensive?
This ensured that people, general masses, who purchased 3 or 4 forms in 60,000, fail to fill the booking token of 150,000 PKR, for the lowest classification of 125 sq.yards plot.
Hence they would sell remaining or all of their forms to the brokers, who by the grace of media were asking 150, to 300, 000 rupees of it. This ensured the free and multiple trade of “Parchi” or form if you may call it, from the investor, to general public to the investor again.
Another fact is, there is official book, and there are official rates, that comes daily from 10 to 12 pm. on the 7th of feb, rates would open at 0.3million for a file of 125 sq. yards, so if you are interested in gambling, then please contact your nearest bank manger or estate agent.
Coming to the conclusion, media, bankers and real estate brokers are now a cartel run by Bahria Town. Everyone will get a plot, but due to open gambling money would keep rolling. Some conservative estimates suggests that there is a trading of over 2 trillion rupees on the BT forms and it still is in progress.
Those who criticized us on the first part “The Malik Riaz Effect” should know the consequence. Bahria town recovered all the money invested in the purchase of the plot. Now they are rolling the money invested by the people. It is black economy based purely on gambling. Bharia town has made real estate brokers billionaires and when the brokers become the investor, then market becomes niche. Bahria town would ensure unprecedented price hike of the real estate throughout Karachi, it would become impossible for the middle class to make a home.
See this is what happens when industry marries Gambling and I am sure no one would do anything about it.
Now it would be fair on the part of Mr. Malik Riaz, all of it would be fair and he would not have gotten any blame, only if he would not have done that meeting and pre-decided everything with the major real estate brokers of the city at Khayaban Itehad and this is the final fact.
PS: MR. Malik Riaz, Please consider our request made in the beginning of the article, or please purchase our cheap blog for a 500 sq yard Bahria home. We would still have respect for you.