Our readers might feel at this point that every week, come hell or water, no matter what happens in the world of Pakistani business, economy and finance, there is always at least one story about a massive real estate project. fraud.
Trust us when we say we’re a little tired of it even now. Especially since it seems that all of these projects use the same classic techniques to defraud people. This week we bring you the case of the Grand Avenue Project on Lahore’s main Ferozpur road. Many things will be known – the over-selling of files, the payment of real estate agents, the taking of land and generally shady activities. All of these tricks of the trade we point out almost weekly until nausea.
But what can we do too? Every week there is a new project reflecting on the same old things with some kind of twist of its own – this is how real estate fraud is common in Pakistan. It preys on people with dreams of investing or making a house of their own one day. And that, perhaps, the most sinister part of this constantly repeated vicious cycle.