Biggest Fraud Happened in Real Estate History of Islamabad

Mr. Nasir Gondal says the biggest fraud happened in real estate history of Islamabad. Between 2018 and 2020, millions invested in plots and houses. Many were new investors, especially overseas Pakistanis. Social media ads made them excited. But, most lost money. This fraud shook Islamabad and Rawalpindi. Investors now demand justice.

Why the Fraud Happened in Real Estate?

From 2018 to 2020, 2 million people invested in Islamabad and Rawalpindi. About 80% were first-time investors. They trusted flashy housing society ads on social media. Small investors put their monthly savings into plots. Many expected quick profits but got nothing.

 

Fact

Data
Total investors 2,000,000
First-time investors 80%
Investors who suffered losses 1,500,000
Cities affected Islamabad, Rawalpindi, Lahore, Karachi

 

Mr. Nasir Gondal explains that older investors were less affected. They knew the risks and absorbed some losses. New investors, without experience, suffered the most.

Problems Small Investors Faced:

  1. Misleading ads by housing societies.
  2. Plots not delivered on time.
  3. Poor government regulation.
  4. Loss of monthly savings from a few thousand to 100,000 rupees.

Mr. Nasir Gondal stresses, “Investors trusted flashy advertisements too much.”

Solution and Recovery:

Government and courts have started acting. Punjab resolved 2,000 fraud cases in one week. Land returned to rightful owners. If recovered fully, the real estate market can regain trust.

How Investors Can Avoid Fraud in Real Estate?

  • Invest only in developed plots.
  • Avoid flashy social media ads.
  • Start small and invest slowly.
  • Check developer’s trustworthiness.

Mr. Nasir Gondal advises, “Focus on ready-to-build plots in societies that are already developed.”

Current Investment Opportunities:

The market is slowly recovering. Prices now depend on plot size and location. A five-marla plot in Islamabad can start from a few lakh rupees. Bigger plots in prime areas cost crores.

 Benefits of Smart Investment:

  • Less risk of fraud.
  • Quick possession of plots.
  • Higher chance of profit.
  • Peace of mind for investors.

 

Problems Still Present:

  • Small developers may fail.
  • New housing societies without development are risky.
  • Investors rushing for profit may lose money.

 

Mr. Nasir Gondal’s Advice:

Invest in ready societies like Faisal Town Phase 2. Developers such as Chaudhry Abdul Majeed deliver plots with streets ready. Reliable developers attract trustworthy investors. Avoid risky projects without proper development.

 

Conclusion:

The biggest fraud happened in real estate history of Islamabad taught investors a lesson. Small investors lost money, but recovery is possible. Focus on developed plots, invest slowly, and trust reliable developers. For guidance on safe real estate investment, contact Gondal Group of Marketing or visit nasirgondal.com.

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FAQs:

  1. What is the biggest fraud in Islamabad real estate?
    It happened between 2018-2020. Many lost money in fake housing societies.
  2. Who lost most money?
    New investors and small investors lost the most.
  3. Can investors get their money back?
    Some recovered their plots. Government is helping in many cases.
  4. How to invest safely now?
    Focus on ready-to-build plots in trusted societies. Avoid flashy ads.
  5. Which areas are safe for investment?
    Faisal Town Phase 2 and other developed societies are safer.