WHAT IS THE STORY OF DHA CREEK MARINA INVESTORS KARACHI?
Indeed, it’s a similar DHA CREEK MARINA which was promoted back in 2005 as an astonishing improvement. Its master plan has eight personal pinnacles close to the blue waters of Karachi Sea and immersed by green trees.
Around fifteen years have slipped by, and the financial backers are as yet hanging tight to finish and convey the task. Its estimated completion date was by December 2009. However, because of the beautiful cooperation created between DHA (Defense Housing Authority) and Meinhardt (a Singapore-based firm), an enormous measure of cash of hundreds of financial backers is at stake.
Investments in DHA CREEK MARINA
Looking for encouragement, every family piped about Rs. 15 million into the Creek Marina Apartments. However, around 250 families’ fantasy to have a ‘sweet home’ in the area is long from acknowledgment.
The legal limbo between the notable DHA and Meinhardt, the Singaporean engineer has stuck the development process. So, the families are in a trouble to undertaking the property.
The financial backers have paid about 85% of the all-out portions. What stresses them is the way that no outstanding advancement is being seen in this undertaking. Moreover, Stream Marina Private Ltd (CMPL), a different body, was made to lead the task as guaranteed. Yet, the gridlock between the two gatherings doesn’t appear to give a ‘value for the money’ to the financial backers.
The Sindh High Court, in 2011, appointed DHA to use the supports accessible in CMPL’s record for the advancement of the region. Nonetheless, the Defense Housing Authority didnot dispense any sums in such a manner. A DHA official uncovered his perspectives that the power fears that Meinhardt will flee with the cash. Also, that the DHA is contemplating going to the court, by and by, against Meinhardt.
DHA CREEK MARINA Victims
All in all, what was the error of blameless financial backers? Perhaps, they planned something incorrectly for a dream about luxurious living around blue water and excellent trees. Or they did a slip-up to confide in the DHA for DHA CREEK MARINA Apartments. Whatever it is, the circumstance at present appears to be very foggy with no useful culmination of current events.
It is high time now, together, we can all become the voice of the Creek Marina Victims.