Property Scam Alert - Fazaia Housing Scheme Karachi

On Wednesday, NAB knowledgeable an accountability courtroom approximately the fraudulent manner wherein land changed into allegedly acquired inside the name of "Shuhada" with the aid of certain developers and PAF officers for the Fazaia Housing Scheme in Karachi.

Fazaia Housing Scheme Karachi
17. Aug 2020
49 views
Property Scam Alert - Fazaia Housing Scheme Karachi

Over the years, Karachi's precious real estate has turn out to be a satisfied hunting ground for unscrupulous developers, enabled by corrupt political bigwigs and a bureaucracy that acts as the latter's handmaiden Two more land scams are now within the spotlight.

 On Wednesday, NAB knowledgeable an accountability courtroom approximately the fraudulent manner wherein land changed into allegedly acquired inside the name of "Shuhada" with the aid of certain developers and PAF officers for the Fazaia Housing Scheme in Karachi.

 Karachi_Property_Scam_Fazaai_Scheme_Bahria_Town.png

 

NAB has additionally filed a reference against Malik Riaz, the owner of Bahria Town, and numerous others - which include politicians and bureaucrats - for illegal allotment of an amenity plot in Karachi's Clifton place on which a portion of the Icon Tower task is located.

Bahria Town's land acquisition and improvement practices in a couple of projects have been declared unlawful via the Supreme Court in May 2018.

In March remaining year, the apex court docket familiar its offer to pay Rs460bn over seven years in land settlement charges for its large housing scheme in Karachi.

Among the flagrant illegalities inside the free-for-all that characterises the dealing in Sindh authorities land is the delivering of amenity plots to private developers for commercial/residential use.

There is a dire need for housing in the mega town of Karachi, but it can be met lawfully - except that would stage the playing field, and cut into the eye-watering profits enjoyed through the land mafia.

 

Comments

No comments has been added on this post

Add new comment

You must be logged in to add new comment
Random Blogger and website is all about Random Reviews, Views and updated about Pakistan.
Random
Categories
iPhone 12
Apple has announced iPhone 12.
Amazon
Online Sales to Peak $645 billion in 2020
Pakistan Super League Schedule and Broadcasters
Pakistan Super League Schedule and Broadcasters
Amazon Sales
Amazon Sales Details
Fazaia Housing Scheme Karachi
Fazaia Housing Scheme Karachi
Bahria Town Karachi
Buy Sell Bahria Town Karachi
Suzuki Alto
Buy Sell Suzuki Alto
Huawei Mate Xs Foldable Smartphone
Buy Sell Huawei Mate Xs Foldable Smartphone
Apple 5G iPad
Buy Sell Apple 5G iPad
Smart Television
Buy Sell Smart Televisions
Post Free Ads Pakistan
Post Free Ads Pakistan and Buy Sell Car , House, Electronics , Furniture and others
Car for Sale
Buy Sell Rent a Car , Car for Sale, Post Free Ad and Sale Your Car.
Mobile Phones
Buy Sell Exchange Mobile Phones Karachi , Buy , Sell , Exchange Mobile Phones Pakistan.
Lately commented