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Future of NFC Phase 2 (Cont. Post 40901),

(49282)
   Chamo
Monday, November 17, 2008 02:50 PM 
Reply: >
An underhand deal of Malik sb with NFC management can not be overlooked.If NFC phase 2 development starts right now (even one or two blocks though),it would be a big blow to Bahria as development of Sector C is far from completion and people would definitely rush from Bahria to NFC phase 2. If this theory is assumed to be true, then one should forget about the development of NFC phase 2 for another couple of years.
Usman replied on Monday, November 17, 2008 03:11 PM 

NFC is a cooperative society as compare to Bahria Town that is a private developer.
In a cooperative society management is not an owner, they are just an elected person (elected by members of society, in other words elected by plot owners) that are responsible for running the society affairs with the consent of plot owners. Elections are held, I believe every year, for the management.

On the other hand BT is a private developer which has an owner (Malik Riaz, NOT an elected person). BT has open hands to make all deals as they wish, but NFC management can't do anything without the consent of members.

So your concern of underhand deal of Malik sb with NFC management is totally wrong.
If there is going to be any deal between NFC and BT, it will be with the consent of plot holders (nothing underhand), and I am sure NFC plot owner won’t approve any deal with BT unless it is beneficial to NFC plot holders.
wwwww replied on Monday, November 17, 2008 03:45 PM 

what type of deal are we talking about here, I mean is nfc going to mearge with BT or is nfc going to sell land to BT ?
Jameel replied on Monday, November 17, 2008 07:11 PM 

I think they have nothing to do with Bahria, they had sme extra land and wanted to do some alterations in map but LDA guys are aksing their "share"
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