Sindh Real Estate News and Land Insights

The Sindh government has granted in-principle approval for the construction of a multi-storey parking plaza in Karachi’s Clifton area at an estimated cost of Rs 1.61 billion, aiming to improve parking facilities and address growing demand in one of the city’s major residential and commercial districts. The approval was granted during a meeting of the Public-Private Partnership (PPP) Policy Board, chaired by Sindh Chief Minister Syed Murad Ali Shah, where several infrastructure development proposals involving private-sector participation were reviewed.

According to the proposed plan, the parking plaza will be constructed on a 1,352-square-yard plot owned by the Karachi Development Authority (KDA) in Clifton Block 2, near Ziauddin Hospital. The facility will accommodate 96 cars and 160 motorcycles simultaneously. Limited commercial facilities will also be incorporated into the development, allowing space for business activities alongside organised vehicle parking.

The project is proposed to be implemented through a public-private partnership under the Design, Build, Operate and Transfer (DBOT) model. A concession period of 35 years has been proposed, during which the private sector would participate in developing and operating the facility under an agreed contractual arrangement. The meeting also considered opportunities to expand organised parking infrastructure across Clifton.

The PPP Policy Board approved the inclusion of 41 additional KDA-owned parking sites in Clifton Blocks 1 to 7 and Block 9 within the scope of work assigned to transaction advisers. These locations will undergo technical and financial assessments to determine whether they can be developed into parking facilities through similar public-private partnership arrangements.

The proposed parking plaza forms part of broader efforts to improve urban infrastructure in Clifton, where hospitals, commercial establishments, offices and residential developments generate substantial demand for vehicle parking. The addition of organised parking capacity is expected to provide motorists with an alternative to roadside parking and potentially improve access to surrounding commercial and residential properties. Commercial facilities incorporated into the proposed development could also generate economic activity. However, details regarding the allocation, size and management of these commercial spaces have not yet been finalised.

The assessment of the additional 41 sites could help authorities identify further opportunities to expand parking infrastructure across Clifton. Their inclusion in the evaluation process does not, however, constitute approval for construction at those locations. Officials have not announced a commencement date, construction timeline, private-sector partner or expected completion schedule for the proposed plaza.

The in-principle approval represents an initial step towards implementation rather than authorisation for immediate construction. Further progress will depend on the completion of technical evaluations, financial and contractual arrangements, and other necessary administrative procedures.

Once implemented, the project could strengthen parking infrastructure in Clifton while establishing a framework for additional parking developments through private-sector participation.

The Sindh government has approved a revised development framework for the Dhabeji Special Economic Zone (DSEZ) in Thatta district, allocating 1,171 acres of saleable land for industrial and commercial development under a proposed 36-month implementation plan.

The decision was taken at the 53rd meeting of the Public-Private Partnership (PPP) Policy Board, chaired by Sindh Chief Minister Syed Murad Ali Shah on November 10, 2026, as part of the provincial government's efforts to accelerate industrial development and encourage private-sector investment.

Under the approved planning framework, 1,071 acres have been designated for industrial activities, while another 100 acres have been reserved for commercial purposes. The allocation is intended to accommodate manufacturing facilities, industrial enterprises and supporting commercial services within the economic zone. The project will be developed in two phases, with a total implementation period of 36 months proposed under the revised development framework. The government has also approved a restructuring of the project's implementation model, replacing the earlier Build, Operate and Transfer arrangement with a joint venture approach involving public and private-sector participation.

Under the revised structure, the Sindh government, through the Sindh Economic Zones Management Company, will contribute land, previously completed development works and other agreed resources. Private investors will be expected to provide financing, technical expertise and development capabilities. The PPP Policy Board has endorsed a two-stage competitive bidding process for selecting private-sector partners. This process will involve the assessment of prospective investors, consultations and the submission of technical and financial proposals before contractual arrangements are finalised.

Dhabeji Special Economic Zone is among the priority industrial development projects associated with the China-Pakistan Economic Corridor (CPEC). Located near Port Qasim and the National Highway, the economic zone is strategically positioned to provide industrial investors with access to transportation networks, port facilities and major commercial markets. The proposed industrial area is expected to accommodate manufacturing and processing activities across sectors including engineering, automobiles, chemicals, pharmaceuticals, textiles, steel and construction materials. Meanwhile, the land designated for commercial development is intended to support business activities and services associated with the industrial estate.

The availability of industrial and commercial land within a planned economic zone could create opportunities for domestic and foreign investors seeking facilities close to Karachi's port and logistics infrastructure. The development is also expected to generate demand for industrial construction, warehousing, transportation services and supporting infrastructure as investment activity progresses. However, approval of the revised development framework does not mean that all construction activities have commenced or that the proposed completion period is guaranteed.

The selection of private-sector partners, finalisation of investment agreements and execution of the remaining development works will determine the project's implementation schedule. The revised framework represents a significant planning step towards developing Dhabeji into an organised industrial and commercial investment destination in Sindh.

Bahria Town (Private) Limited is preparing to exit Escorts Investment Bank Limited as two investors, Kamran Malik and Sheikh Ali Baakza, have announced plans to acquire the real estate developer's controlling shareholding in the financial institution. According to a disclosure submitted to the Pakistan Stock Exchange (PSX) on November 10, 2026, the prospective investors intend to purchase Bahria Town's 87.9639% stake, comprising 119,279,077 ordinary shares, through a share purchase agreement. The proposed transaction also includes a mandatory public offer to acquire an additional 8,160,462 shares, representing approximately 6.02% of the bank's issued share capital.