Land mafia targeting overseas Karachi?
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Land mafia is targeting the top residential plots of overseas Karachi, with foreign companies paying millions as deposit. The company behind this dubious land scam is Sharif Holdings, which claims ownership of around 10,000 acres in Lahore, Islamabad, and Karachi. The Sharifs have been involved in shady deals with their own friends, relatives, and acquaintances. For instance, in Lahore, the group took over Karachi University. It started the renovation of buildings and
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“I live in a neighborhood near Saddar Town where property prices are rising steadily. Most of my neighbors own houses in Karachi and invest their income by renting them out. Read More Here My street is full of tenants from different parts of the country. However, lately I’ve noticed that the real estate agents and developers are targeting overseas Karachis. They tell them to pay premium rents for these properties. I’ve been living here for 5 years and I have no idea why. I have never faced any such problem before in
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The city of Karachi is known worldwide for its thriving business, education, entertainment and health sector. However, the city is now facing a dire situation as the land mafia has targeted the property of overseas Pakistanis, creating a panic among the people. Land mafia refers to land scams where people extort money from landowners with the promise of fast payments, but nothing else. The land mafia operates across the country and is notorious for defrauding Pakistani citizens. According to recent
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Land mafia has set its hands on a huge plot of land at the backside of Karachi. It is a prime commercial land with good road connection. The owner of the plot, who hails from a reputed family and runs a business, has sold the land for as low as 50 lacs to a low-key foreign investor. Since the land is a prime site, it was purchased at a high price without going through the process of obtaining clearances from government agencies. The owner of the land claims to have sold it for a low price to
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Land mafia targeting overseas Karachi? I have experienced this myself. I used to work as a lawyer in Karachi, and I have personally witnessed and helped many people who got trapped in such mafias. These mafias work by getting huge plots of land from property dealers, often with fake documents and fake titles. These land mafias have started targeting Karachi’s prime areas. Many of these plots have already been sold, leaving the people who invested their money and time to fight for their rights. As I
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My personal experience is that Karachi’s overseas real estate mafia is targeting foreigners for investment as opposed to the locals. Karachi has a huge population of overseas Pakistanis, many of whom want to invest in real estate here and have been struggling for years to get a legal property. Due to poor legal systems, overseas Pakistanis have been forced to resort to legal loopholes to find legal property. The legal systems are also not strong enough to protect the investors from land mafia. The Karachi police have
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Land mafia is threatening to bring ruin and devastation in Karachi. Karachi, the bustling commercial city and Pakistan’s second-largest city with over 10 million inhabitants, has become a major magnet for investors from foreign countries who have been eagerly eyeing investment opportunities in the city. Karachi’s location is quite convenient for investment considering it is situated near to major industrial hubs in the south as well as near the sea, which provides excellent connectivity to other cities in the country. The city bo