In a recent survey, the Rawalpindi Development Authority (RDA) uncovered widespread fraud among private housing schemes operating within the district. The investigation revealed alarming findings: 52 housing schemes are entirely fake, 73 are non-existent, and 24 are categorized as illegal.
The fraudulent schemes have misled investors, luring them with promises of lucrative real estate opportunities. In response, the RDA has given investors associated with these schemes a 30-day period to submit complaints or objections. After this grace period, the RDA plans to cancel the files of these projects and remove them from its official records. In addition, RDA Director General Kinza Murtaza has announced a halt to approving new housing schemes in the district.
Read More: RDA Halts New Housing Projects Across Five Tehsils
The RDA’s findings have classified the housing schemes into three categories: fake, illegal, and non-existent. This categorization serves as a public advisory, urging caution when investing in such projects.
- Illegal Schemes: This group includes 24 schemes, where subdivisions have been revoked. Some of the notable names in this category are Ban Alam City, CBR Residencia, Media Enclosure, Al-Haram Phase II Gujar Khan, Sasti Basti, and Turkish Smart City.
- Fake Schemes: These 52 schemes are entirely non-existent, with no physical or legal foundation. Prominent names on this list include Khyber Model Town on Chakri Road, Pak PWD Chakri Road, Al-Badar Motorway, Rawalpindi Green City, and Posh City.
- Non-existent Schemes: This category lists 73 schemes that have no land, infrastructure, or operational offices, making them high-risk ventures for potential investors. Some of these schemes include The Regent Farmhouse, AM Town, City Homes, Green Stone, Al-Falah Town, Sardar Town, Khayaban-e-Millat, and Evergreen City.
Investors are strongly advised to be cautious and ensure that any housing schemes they consider are legitimate and properly authorized by the relevant authorities.
