LAHORE: Taking notice of illegal housing schemes scamming victims by adopting deceptive marketing tactics, the Competition Commission of Pakistan (CCP) has resolved to tackle the issue in collaboration with the Lahore Development Authority (LDA).
Dr Shahzad Anser, a member of CCP, informed LDA Director General Sumair Ahmad Syed about his department’s strategy to tighten the net around miscreants involved in fraudulent activities in the real estate sector.
A suo motu action has been taken under section 37(1) of the Competition Act, 2010 against misleading advertising to lure unsuspecting public. Concerns were raised by the LDA upon which the commission has decided to initiate an inquiry.
So far, an inquiry team from CCP has visited 62 illegal housing schemes engaged in deceptive marketing. The team is expected to release its report in a couple of weeks, with those found guilty to be penalised under section 38 of CCP Act, 2010.
For more news and blogs, visit Graana.com.
Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…
Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…
Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…
If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…
The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…
December 19, 2024— In a significant move, the federal government has announced an increase in…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
