{"id":59363,"date":"2020-01-03T12:05:57","date_gmt":"2020-01-03T12:05:57","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59363"},"modified":"2020-01-27T06:11:19","modified_gmt":"2020-01-27T06:11:19","slug":"investigations-launched-against-62-housing-schemes-lahore","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/investigations-launched-against-62-housing-schemes-lahore.html","title":{"rendered":"Investigations launched against 62 housing schemes in Lahore"},"content":{"rendered":"<p>Lahore: The Competition Commission of Pakistan (CCP) has launched an investigation into reports of deceptive marketing practices allegedly committed by the managements of 62 private housing schemes situated in Lahore and its adjoining districts, according to news sources.<\/p>\n<p>Previously, the Lahore Development Authority (LDA) had requested the <a href=\"https:\/\/www.zameen.com\/news\/ccp-lda-to-collaborate-against-property-scams.html\" target=\"_blank\" rel=\"noopener noreferrer\">CCP to investigate alleged marketing malpractices <\/a>by the said residential projects located in Lahore, Kasur, Sheikhupura, and Nankana Sahib.<\/p>\n<p>The commission is expected to impose a fine of up to PKR 75 million on the administrations of these projects. A CCP inquiry team recently visited the site offices of these housing schemes where it announced its decision to take legal action against the administration under Section 37(1) of the CCP code.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/lda-shares-annual-progress-report-reveals-lda-city-development-details.html\" target=\"_blank\" rel=\"noopener noreferrer\">LDA shares annual progress report; reveals LDA City development details<\/a><\/p>\n<p>CCP delegation head Dr Shahzad Ansar, during a meeting with LDA Director General (DG) Sumair Ahmad Syed, stated CCP would impose penalties to the tune of PKR 75 million (or a sum not exceeding 10% of the schemes\u2019 total annual turnover) under Section 38 of CCP Act, 2010, on the sponsors of the projects found to be illegal.<\/p>\n<p><strong>Read:\u00a0\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/complaints-against-real-estate-procedures-heard-ccp.html\" target=\"_blank\" rel=\"noopener noreferrer\">Complaints against real estate procedures heard: CCP<\/a><\/p>\n<p>The CCP team was of the opinion that this partnership with LDA would bring <a href=\"https:\/\/www.zameen.com\/forum\/discussions\/laws_and_regulations\/action_against_marketing_malpractices-32798.html\" target=\"_blank\" rel=\"noopener noreferrer\">public awareness<\/a> and will prove advantageous for undertakings aimed at promoting competitive business practices across the country.<\/p>\n<p>Meanwhile, the staff of the LDA\u2019s Estate Management Directorate carried out an operation against illegal housing project and demolished several illegal structures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Competition Commission of Pakistan (CCP) has launched an investigation into reports of deceptive marketing practices allegedly committed by the managements of 62 private housing schemes situated in Lahore and its adjoining districts, according to news sources. Previously, the Lahore Development Authority (LDA) had requested the CCP to investigate alleged marketing malpractices by the said residential projects located in Lahore, Kasur, Sheikhupura, and Nankana Sahib. The commission is expected to impose a fine of up to PKR 75 million on the administrations of these projects. A CCP inquiry team recently visited the site offices of these housing schemes where it announced its decision to take legal action against the administration under Section 37(1) of the CCP code. Read:\u00a0LDA shares annual progress report; reveals LDA City development details CCP delegation head Dr Shahzad Ansar, during a meeting with LDA Director General (DG) Sumair Ahmad Syed, stated CCP would impose penalties to the tune of PKR 75 million (or a sum not exceeding 10% of the schemes\u2019 total annual turnover) under Section 38 of CCP Act, 2010, on the sponsors of the projects found to be illegal. Read:\u00a0\u00a0Complaints against real estate procedures heard: CCP The CCP team was of the opinion&hellip;<\/p>\n","protected":false},"author":75,"featured_media":48309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14790],"persona":[],"class_list":{"0":"post-59363","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-investigations-launched-against-62-housing-schemes-in-lahore"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investigations launched against 62 housing schemes in Lahore - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Competition Commission of Pakistan (CCP) has launched an investigation into reports of deceptive marketing practices allegedly committed by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/investigations-launched-against-62-housing-schemes-lahore.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investigations launched against 62 housing schemes in Lahore - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Competition Commission of Pakistan (CCP) has launched an investigation into reports of deceptive marketing practices allegedly committed by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/investigations-launched-against-62-housing-schemes-lahore.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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