As I raised the issue of NOVA city housing scheme as the billions rupees fraud with small investors and public of Pakistan in the mid of Jan 2022 and published English Urdu story and column on 31st Jan 2022 and 3 Feb 2022, the residents of Peshawer have confirmed my findings in their video warnings for the public and investors on 4 Feb 2022.
I pointed out that Nova city is already declared culprit of selling thousands of fake files in its first scheme that was launched in Islamabad. I mentioned that the Fraud Mafia should have been held accountable but they are at large to loot more people. I raised question for Prime Minister that you are dangerous for your political opponents only or for every looter? Especially those who are sitting at your left and right. The link to that story is posted here for the readers.
Nova has advertised its new scheme NOVA Peshawer in the newspapers of Peshawer, Islamabad and Lahore. The advertisements invite the public to buy forms of new scheme in Peshawer. Three major national banks, Bank of Khyber, Habib Bank and JS banks have agreed with NOVA to collect the down payments form the public. That is another very unfortunate factor that even the national banks do not see the authenticity and credibility of the real estate mafia.
These 3 banks are issuing a form of NOVA Peshawer in 5 thousand rupees and the first payment is 75 thousand rupees. That is one thing. Interestingly the buyers will get receipt of double the paid amount that is 150 thousand rupees. It means another Double Shah in the making and our national banks are hands in gloves with the fraud mafia. No one feels any fear of accountability here.
NOVA city is alluring the public in Peshawer in the name of NOVA Peshawer but the matter of fact is there is no land in their possession in the city, neither in the suburbs of city, nor away from the city limits. Actual location is in Khashaiki area in district Naushehra that comes in Mardan Division. Moreover it is not a plane land but it is a mountain. This has been disclosed by the residents of Peshawer who deal in real estate affairs closely. They have warned the investors to beware of NOVA Peshawer and termed this scheme as total fraud.
Siraj ul Haqq Yousufzai, President Property Dealers Association, has said that NOVA city has taken the start on gambling. NOVA Peshawer is no where in Peshawer. He has warned the NOVA management that no one will be allowed to dodge the people of Peshawer.