Sale-Purchase of land worth billions under the guise of RRR project revealed

Lahore, 21st May: The sale and purchase of land worth Rs 131 billion under the guise of Rawalpindi Ring Road have now been revealed.

According to an initial inquiry, more than 50 influential people and real estate dealers benefited from the new alignment of Ring Road and many businessmen connected to Ring Road acquired more than 64,000 canals of land.

Sources said that about one and a half dozen ministers, assembly members, three dozen housing societies, and builders have directly or indirectly benefited from the ring road project.

A total of 17,117 kanals of land belonging to 18 assembly members are directly or indirectly connected to the ring road and in 17,117 kanals most of the land is family property.

Sources have revealed that 2,400 kanals of Sanjani land belonging to 2 PPP MNAs while about 2,500 kanals of land belonging to three government ministers includes Fateh Jang, Paswal, Attock, and Islamabad Margala Avenue have been found.

Ring Road Paswal, Zig Zag, and Attock compound include about 1800 kanals of land belonging to 2 PTI MNAs and 4 MPAs.

Besides 6000 kanals of land have been found near the Ring Road area belonging to a PML-N senator, an MNA, and 2 MPAs.

According to sources, 18 housing societies bought 13,000 kanals of land in the vicinity of Attock Loop and made a turnover of Rs 11 billion.

Under the guise of Ring Road, 10 societies and several individuals made a turnover of about Rs 50 billion from 24,500 kanals of land.

Sources added that 8 big societies and businessmen in Islamabad bought more than 10,000 canals and did business worth over Rs 35 billion.

About 60% of the societies doing business around Ring Road are illegal and 17 societies are responsible for Rs 1 billion.

70 crore tax is also due while more than 300 cases against property dealers and housing societies are pending in NAB and courts.

According to sources, the Rawalpindi and Attock district administrations are investigating the matter of Rs 3.5 billion given for land acquisition.

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