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A fake land in Karachi, Pakistan
This footage was filmed and produced 11 July 2021.
In the largest city of the country, Karachi, there are all sorts of landowners. Sometimes people lose their hard-earned money by buying these lands in Karachi. As people say, all these fake development schemes are created by a criminal mastermind, called a developer, who pays off many government employees and hires a bunch of property dealers to help him sell fake properties files to investors without possessing any property or doing any development work.
The property dealers convince investors to buy the plot-files, in hopes of getting guaranteed return on their investment in short time. But after purchasing, the investor is told the value has plummeted, forcing him to either sell at loss or pay the monthly scheme payments, in hopes of plot file value going up in the future.
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