Sindh Real Estate News and Land Insights

Karachi | ReNews Pakistan
The federal government is moving towards finalising the land lease model and incentive framework for the Karachi Industrial Park, with authorities seeking to accelerate industrial development, attract new investment and promote export-oriented businesses.
The development was reviewed at a meeting chaired by Federal Minister for Economic Affairs Ahad Cheema on Thursday. Officials briefed the minister on the proposed land lease package and incentives, which are nearing finalisation ahead of the planned early launch of the industrial park.
Cheema directed the relevant authorities to expedite development work and ensure that industrial units become operational at the earliest possible stage. He stressed that the project should be structured to support industrialisation, boost exports and ensure productive utilisation of available land.
The proposed framework would provide competitive land lease terms and other incentives to attract industrial investors while linking the allocation of land and concessions to clearly defined export commitments.
Export commitments to shape land allocation
During the meeting, officials presented different development and investment models for the industrial park. Under the proposed approach, preference would be given to industries with significant export potential, with incentives tied to their ability to meet specified export targets.
Officials also briefed the minister on proposals to prioritise industrial units expected to export more than 50% of their production. The framework is intended to facilitate businesses whose operations are predominantly focused on international markets.
Cheema emphasised that the Karachi Industrial Park should contribute directly to the government's broader economic objectives by encouraging industrial investment, increasing exports and promoting more productive use of land.
The proposed land lease and incentive framework is expected to provide investors with greater clarity while ensuring that the industrial park remains focused on export-led industrial growth.
The government is now working towards completing the framework and moving the project into its implementation phase, with the objective of bringing industrial units into operation as quickly as possible.

Karachi | ReNews Pakistan
ABS Developers has opened bookings for Burj Quaid, an 82 storey, 941 foot mixed use development in DHA City Karachi featuring residential apartments, corporate offices and retail spaces. A formal agreement between DHA City Karachi and ABS Developers for the project was signed in May 2026, with a reported development timeline of approximately six years.
According to the developer’s current official payment schedule, residential apartments are priced from Rs 26,999 per square foot. A 660 square foot one bedroom apartment is listed at approximately Rs 17.82 million, with a down payment of Rs 2.70 million, followed by 23 quarterly instalments and a final payment at handover.
A 5,315 square foot four bedroom apartment is listed at approximately Rs 143.50 million, with a down payment of Rs 21.50 million. The current official schedule states that the instalment plan starts from October 2026.
Corporate offices within Burj Quaid are priced at Rs 55,000 per square foot. A 400 square foot office is listed at Rs 22 million, while a 1,000 square foot office is priced at Rs55 million.
The current payment schedule also applies location and category premiums, with an additional 10% charge for a single category, 15% for a double category and 20% for a triple category. Categories include corner, boulevard facing and west open positions.
According to ABS Developers, apartments will be handed over with significant interior finishes rather than as bare shell units. These include floor tiles, wall paint, doors, bedroom wardrobes, kitchen cabinets, countertops, sanitary fittings, lighting fixtures and selected kitchen equipment.

Karachi | ReNews Pakistan
A Shariah compliant Pakistani real estate investment scheme has received an overwhelming response from investors, with the offering being oversubscribed eight times and attracting bids worth approximately Rs4.5 billion.
The Naya Nazimabad Apartment REIT (NNAR) provides investors an opportunity to participate in large scale residential property developments without directly purchasing an apartment, plot or building. Instead, investors purchase units representing ownership stakes in a professionally managed portfolio of real estate projects.
According to the scheme manager, the book building process generated strong demand, with the issue reaching the upper price limit of Rs23 per unit, representing a 28 percent increase from the initial floor price. The offering successfully raised Rs1 billion in equity.
Following the successful completion of the book-building process, the general public subscription phase was scheduled for September 7 and 8. The public portion represents 25 percent of the total offering, while the remaining 75 percent was allocated through the book building process.
Arif Habib Dolmen REIT Management Limited manages NNAR, with Arif Habib Limited serving as the lead manager.
“The overwhelming response to Naya Nazimabad Apartments REIT reflects the confidence investors have placed in this offering,” Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, said.
He added that the eight-times oversubscription and demand at the upper price ceiling highlight the potential of well structured real estate investment products in Pakistan.
Pakistan has been focusing on expanding its Islamic capital market as part of efforts to promote Shariah compliant financial products. Official data shows that Islamic banking assets reached Rs14.47 trillion by the end of 2025, representing 22.9 percent of Pakistan’s total banking assets.
The development of Shariah compliant investment products has gained further importance following Pakistan’s constitutional requirement to eliminate interest based financial practices by the end of 2027.
Unlike traditional rental property funds, NNAR is a developmental real estate investment trust. Its underlying projects focus on developing residential properties for sale, with proceeds and gains generated through these projects benefiting investors and unit holders.
For Pakistan, where real estate has traditionally remained a major destination for household savings, REITs provide investors exposure to the property sector without requiring the capital needed to purchase an entire property.
The stock market listing of such investment products also provides investors with greater liquidity, allowing them to buy and sell units compared with direct ownership of property.
The NNAR structure follows Islamic financial principles, ensuring that investments and financing activities avoid interest based transactions and other prohibited activities under Shariah guidelines.
According to the scheme details, NNAR holds three real estate portfolios across Karachi and Lahore with a combined assessed value of approximately Rs20.46 billion as of April 2026.
Arif Habib Dolmen REIT Management Limited said the successful book building process strengthens the role of REITs in expanding access to real estate as an investment category and supporting the development of Pakistan’s capital markets.