Creek Marina, Karachi

Creek Marina
During construction and what it will look like
Creek Marina, Karachi is located in Karachi
Creek Marina, Karachi
Location within Karachi
General information
StatusUnder construction
Type6* Residential Towers
LocationKarachi, Sindh, Pakistan
Coordinates24°45′51″N 67°06′10″E / 24.764239517417018°N 67.10277254552098°E / 24.764239517417018; 67.10277254552098
Construction started2006
Estimated completion2017
Technical details
Floor count36
Design and construction
ArchitectMeinhardt Group[1]
Website
creekmarina.com

Creek Marina is an under-construction high-rise ocean front residential project located in DHA Karachi, in Sindh, Pakistan.[2]

It was launched in 2004 as a joint venture project between Meinhardt Singapore PTE Ltd (MSPL) and DHA,[3] while the masterplan was designed by Hirsch Bedner Associates.[4] The project's masterplan includes eight 24-storey towers with a total of 780 apartments.[5]

Delays and inquiries

The development has been the site of repeated delays, with the project initially planned to be completed by 2009. However, conflicts between Meinhardt and DHA have stalled the project's development.[4] Out of 780, 280 apartments were sold by 2010 for an average price of $200,000. In 2011, buyers formed an Action Committee to pursue either a refund or completion of the project.[6] On August 20, 2015, the National Accountability Bureau brought charges against the Creek Marina Project management for cheating the public at large.[7]

In September 2023, the Federal Investigation Agency registered a case against the owners of the Creek Marina project for failing to complete the project and defrauding 200+ customers of Rs. 30 billion over 19 years. The case was registered after the Agency completed its initial inquiry under orders of the Public Accounts Committee.[3]

See also

References

  1. ^ "Home". meinhardtgroup.com.
  2. ^ "Location – Creek Marina". Creek Marina, Karachi. Retrieved 2025-12-06.
  3. ^ a b Ayub, Imran (2023-09-16). "Creek Marina scam: firm owners, bankers booked for fraud". Dawn. Retrieved 2025-12-06.
  4. ^ a b Ali, Rabia (2013-12-16). "'Risky' investment: Over 250 families have Rs3b at stake at Creek Marina project in DHA". The Express Tribune. Retrieved 2016-06-16.
  5. ^ Ahmed, Shahzeb (2014-04-17). "Bad investment?: Creek Marina still a dream as developers, DHA stuck in deadlock". The Express Tribune. Retrieved 2016-06-16.
  6. ^ Khan, Aamir Shafaat (2014-04-02). "Buyers become victims of high-end swindling?". Dawn. Retrieved 2016-06-16.
  7. ^ "Graft charges being probed against Naya Nazimabad, politicians, bureaucrats". The News International. 2015-08-20. Retrieved 2025-12-06.