Sindh Real Estate News and Land Insights

Karachi | ReNews Pakistan

The Natha Khan Link Road in Karachi is nearing completion and is expected to open to traffic soon, providing a direct connection between Shahrah-e-Faisal and Gulistan-e-Jauhar. Karachi Mayor Murtaza Wahab inspected the under-construction project on October 13, 2026, as work continued on the new route.

The project aims to improve traffic flow and reduce pressure on major roads in the surrounding areas. Once operational, the link road is expected to shorten travel times for commuters travelling between Gulistan-e-Jauhar and Karachi’s key commercial and airport corridors.

During his visit, Mayor Murtaza Wahab also reviewed progress on the Chakur Nala Expressway, a separate infrastructure project designed to improve connectivity towards Gulistan-e-Jauhar, Johar Mor, Rashid Minhas Road and Airport Road.

The initiative is part of broader efforts to improve Karachi’s road network, facilitate smoother traffic movement and strengthen connectivity between residential neighbourhoods and major transport routes.


The Karachi Metropolitan Corporation (KMC) is also undertaking several road reconstruction and rehabilitation projects across the city. These include work on Chand Bibi Road near Civil Hospital following drainage and sewerage system upgrades, along with reconstruction projects in Pehlwan Goth and the internal streets of PECHS Block 6.

These initiatives are aimed at improving road conditions, upgrading urban infrastructure and addressing traffic-related challenges in different parts of Karachi.


The improved connectivity offered by the Natha Khan Link Road could also influence residential and commercial property activity in Gulistan-e-Jauhar and surrounding areas. Better access to Shahrah-e-Faisal and key commercial corridors may increase convenience for residents, businesses and property investors.

However, the extent of any impact on property demand and values will become clearer after the road becomes operational and traffic patterns stabilize.


Despite nearing completion, an official opening date for the Natha Khan Link Road has not yet been announced. Commuters and residents will have to wait for confirmation from the relevant authorities regarding when the new route will be opened to traffic.

The Karachi Development Authority (KDA) has directed officials to accelerate construction work on the Peoples Sky View Housing Project in Surjani Town, emphasising the need to complete the remaining work promptly while maintaining construction quality and ensuring the timely delivery of affordable housing units.
The directive was issued by KDA Director General Zain-ul-Abideen Ansari on October 12, 2026, following an inspection of the project site, including the construction area, site office and a model apartment.
During the visit, Ansari reviewed the quality of workmanship and the building materials being used in the project. He instructed the executive engineer responsible for the development to address the shortcomings identified during the inspection and improve the pace of construction.
The project team has been directed to submit a comprehensive report within one week, detailing the reasons for delays, the cost of materials currently available and any other outstanding issues affecting progress.
Accompanied by KDA Director of Estate Enforcement Syed Zain Shah, the director general stressed the importance of completing affordable residential units without compromising construction standards. The instructions also require prompt reporting on the project's status and accelerated completion of the remaining work.
However, no revised completion or possession date was announced following the inspection.
The Peoples Sky View Housing Project is a Sindh government-backed residential initiative being developed under the supervision of the KDA. Located near Four Chowrangi in Sector 7-B, Scheme 41, Surjani Town, the project was initially planned to comprise seven towers containing a total of 1,700 apartments.
According to information available from June 2023, the project offered residential units of different sizes under a four-year instalment plan.
Three-bedroom apartments measuring 995 square feet, equivalent to approximately 110 square yards, were priced at Rs8,756,000. Four-bedroom apartments measuring 1,400 square feet, or approximately 155 square yards, were priced at Rs12,276,000.
Applicants were required to purchase a non-refundable application form for Rs5,000 and submit a refundable security deposit of Rs50,000.
The application period in June 2023 ran from June 5 to June 25, with the balloting scheduled approximately 40 days after the application deadline. Under the initial allocation procedure, tenants were given preference.
The latest directive signals renewed administrative attention to construction progress at the housing scheme. The requirement for a detailed report within one week is expected to help the authority identify the causes of delays and determine the measures needed to accelerate development.
The KDA has not announced a revised project completion schedule or a new date for handing over apartments to allottees.

Karachi | ReNews Pakistan
The State Bank of Pakistan (SBP) has revised its housing finance regulations to simplify property documentation requirements and standardise the procedures banks follow when securing loans against residential properties.
The changes were introduced through a circular dated October 9, 2026, amending Prudential Regulation HF-7, which governs property title documents and security arrangements for housing finance. The central bank said the amendments were intended to facilitate customers obtaining housing loans.
Under the revised framework, banks and development finance institutions (DFIs) must collect only the property title and ownership documents specified in the SBP’s prescribed list to secure the financing. After receiving these documents, the lender must provide the borrower with a signed acknowledgement identifying each document submitted.
The acknowledgement gives borrowers a written record of the property papers held by the lending institution, making the document submission process clearer.
The revised regulation retains the requirement that a financed house, apartment or plot be mortgaged in favour of the bank or DFI through an equitable or registered mortgage. However, for housing loans of up to Rs5 million, lenders may provide financing by recording a lien against the property with the relevant land-record authority. This creates an alternative security arrangement within the specified financing limit.
The circular also permits renewable-energy financing without security or against the installed equipment, including solar panels, inverters, batteries and related assets. Banks and DFIs have been directed to comply with the revised regulation, while other existing instructions remain unchanged.
Business Recorder’s October 11 report additionally states that housing finance may be extended against a Green Property Certificate issued by the Punjab government, or an equivalent certificate from a competent authority in another province. According to the report, these certificates verify title, ownership and possession, removing the requirement for additional ancestral, historical or separate ownership documents for certified properties.