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Emaar Pakistan is a subsidiary of the Dubai-based real estate development company Emaar Properties. The company develops residential and commercial projects in different parts of Pakistan , including Emaar OceanFront, Karachi (previously known as Crescent Bay, Karachi) and Canyon Views, Islamabad.
The company also sells, rents out, or disposes off the real estate. [3] In 2016, TPL Properties changed its status from a private limited company to a public company and was listed on the Pakistan Stock Exchange, following an initial public offering at a strike price of PKR 12.50. [4] [5]
Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $190 billion as of 2021, which is the largest in the country. [37] [38] Karachi collects 35% of Pakistan's tax revenue, [39] and generates approximately 25% of Pakistan's entire GDP.
Housing in Pakistan has always been insufficient due to a growing population (which is 241.49 million as per the 2023 Pakistani Census) [ 2] and accelerated by urbanisation combined with the housing problem being low-priority in the eyes of the government. [ 1][ 3] Housing is an important element of real estate in Pakistan.
Bahria Town (Private) Limited (Urdu: بحریہ ٹاؤن) is an Islamabad-based privately owned real-estate development company which owns, develops and manages properties across Pakistan. [2] [3] It established its first gated community in Islamabad. [4] Its second gated community opened in Lahore. In 2015, it launched Bahria Town Karachi, the ...
To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012. [ 1 ] [ 2 ] In 2017, the housing gap in Punjab , one of the largest provinces of Pakistan, was around 2.3 million units, this figure is expected to reach the figure of 11.3 million units by the end of 2047.
The Karachi Defence Housing Authority building is located at 2-B, East Street, Defence Phase I. In recent times, there were several complaints against encroachments by the concerned citizens in phase 6 at Khayaban-e-Seher adjacent to the commercial area. Houses were built on an area which was allocated for commercial area car parking.
Clifton is an upscale and historic seaside locality in Karachi, Pakistan. [ 1] It is one of the most affluent parts of the city, home to some of Karachi's most expensive real estates. [ 2] It is home to several foreign consulates, while its commercial centres are amongst the most high-end in Pakistan, with a strong presence of international brands.