Post 28/30: Brokers can cheat with clients in real estate business

(Source: Pixabay)

I thought of learning about different aspects of Pakistan, as I want to do something for it. Therefore, I started with some of the well-known indices or reports that would help me in gaining more information about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan

Now, I have been learning about real estate business in Pakistan. I have started from Youtube videos and hopefully during my learning Journey, I will get some more useful resources to move ahead in this learning and perhaps entering into the real estate business.

I have seen a video, titled, “Fraud Alert | Big scame in real estate Pakistan | DHA Islamabad | Bahria town | Gulbarg green,” on the channel “Roznaama Property”.

The host shares that policies in Pakistan are among the reasons for the decline in real estate market. Moreover, the interest rates (which were increased) also resulted in a decline in this market. Another important reason is that people associated with the business of real estate are illegitimately taking the dues (haq) of other people. For instance, brokers often “eat” the rights of other people. These types of real estate agents often develop fake offices (with girls) calling people who want to sell or purchase property. The host shares that even about 4 years ago, the real estate market was rarely or not facing these types cheatings, but now the situation has been changed. Sometimes, dealers say to the clients that you can merge your plot in our projects and can get a good profit in return. Some of these cheaters often take big cars on rent to attract clients.

Follow my Hashtag #behtareenkitalaash on Youtube: https://www.youtube.com/hashtag/behtareenkitalaash

Sources:

Roznaama Property  - https://www.youtube.com/watch?v=jQqMQp_41sg