ISLAMABAD: The National Accountability Bureau (NAB) on Monday warned the general public against making investments in illegal housing schemes.
The warning was issued by the Awareness and Prevention (A&P) Division, NAB, in the backdrop of the Quetta Development Authority's (QDA) declaration of as many as 10 housing schemes in and around the city as illegal.
The housing schemes declared by the QDA in the provincial metropolitan as illegal include Shandar Housing Scheme, Mumtaz Bungalows, Momiat Apartments, Seven-Star Bungalows, Khan Zada Villas, Sky Villas, Ahmed Arcade, Al-Khair Housing Scheme, A-Rohan City Phase I & II and Aimal Khan Housing Scheme.
These housing schemes had not obtained the mandatory no-objection certificate (NOC), said a press release here. NAB further advised people not to be tempted by publicity campaigns in the print and electronic media, portraying the housing projects as developed ones with the help of illu-sory graphics and persuasive slogans.
In most cases, the schemes are located several miles away from the main city or highway/artery and are likely to take years to be fully developed, it said. Desirous investors are advised to confirm if an NoC has been issued by the regulatory authority concerned through personal visits or by making telephone calls to the offices of the respective authority and the booking firm, and careful scrutiny/study of broachers/ advertisement and the exact location of the proposed housing scheme. The investors are further advised to examine files and pay a visit to the proposed site and meet the people concerned rather than operating through middlemen.
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