ISLAMABAD: Competition Commission of Pakistan has launched a thorough probe into suspicious housing schemes across Punjab, ARY News reported on Monday.
The high-level investigation has been initiated over the request of the Lahore Development Authority (LDA) which spotted 88 suspicious housing schemes in Lahore and its adjoining districts.
According to the spokesperson, LDA in its letter to CCP stated that the housing schemes are deceiving citizens without completing its legal requirements. An inquiry team of the Competition Commission of Pakistan had visited 62 housing schemes to scrutinise the facts.
The statement also said that the authorities will issue show-cause notices to the owners of the housing schemes over violations of regulations.
It is pertinent to mention here that the LDA authorities have listed more than 550 illegal housing schemes on its official website which also includes partially developed and colonised societies.
The latest investigation will make further progress into illegal housing schemes in the provincial capital of Punjab.
Some reports said the visits of the CCP inquiry team were paid in Sheikhupura, Nankana Sahib and Kasur, whereas, the commission is also expected to impose fine on several housing schemes in Lahore that would worth more than Rs75 million over running deceptive marketing campaigns.
