Projects & Developments

Ahsan Zafar Bakhtawari, the President of Islamabad Chamber of Commerce and Industry (ICCI), has called on the government to withdraw Section 7E in order to promote investment in the real estate and construction sector and revive the economy. Bakhtawari stated that the introduction of Section 7E through the Finance Act 2022 has become a major […]

In following the visions of Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Arabia is embarking on a $7.7 billion master plan for Soudah Peaks, a luxury mountain resort. Situated in the breathtaking Aseer region of southwest Saudi Arabia, the resort will take advantage of the region’s incredible natural and cultural environment. Positioned

Karachi: Globe Residency REIT (GRR), the country’s first listed Developmental Real Estate Investment Trust (REIT), has announced a cash dividend of PKR 3 per unit, representing 30% of the unit’s value, for the fiscal year ending June 30, 2023. GRR, a closed-ended, Developmental REIT, was listed in December last year, offering investors the opportunity to

Islamabad: IMARAT Group, a leading name in Pakistan’s real estate and construction industry, has launched IMARAT Builders Mall (IBM). This innovative mall aims to enhance the shopping experience for construction, furnishing, and decor enthusiasts.The launch event was attended by notable dignitaries, including politicians, diplomats, and business leaders. IBM will host a variety of international and

The Federal Board of Revenue (FBR) has recently announced that agricultural properties, excluding farmhouses, will not be subjected to taxation under Section 7E of the Income Tax Ordinance 2001. This clarification was provided in Circular No. 3 of 2023, which addresses the application of Section 7E specifically to farmhouses. The provision of section 7E of

Lahore: In a historic move towards urban development in Lahore, Punjab Central Business District Development Authority (CBD Punjab) and the Lahore Development Authority (LDA) have signed a memorandum of understanding (MoU) to collaborate on transformative projects. The MoU signing ceremony was attended by Commissioner Lahore and DG LDA, Mohammad Ali Randhawa, and CEO of CBD

Islamabad: On August 11th, in celebration of Pakistan’s Independence Day, Hashoo Group collaborated with the Capital Development Authority (CDA) to organize a tree plantation drive along the Srinagar Highway in Islamabad. The event, attended by executives from both sides, including Mr. Murtaza Hashwani, Deputy Chairman and CEO of Hashoo Group, and Mr. Noor-ul-Amin Mengal, Chairman

Islamabad: One Homes, a renowned real estate development group, has joined forces with the award-winning Miami design house Varabyeu Partners for their upcoming project in Islamabad. This collaboration marks a significant milestone in Pakistan’s real estate industry, bringing another global giant to the country. Varabyeu Partners, known for their iconic lifestyle-centric designs, will serve as

Mr. Saad Nazir & Ch. Nadeem Ejaz jointly own the Blue World City as equal partners. Together they represent BGC-IGC Consortium with Ch. Nadeem Ejaz & Ch. Naeem Ejaz is the owner of Imperium Group of Companies while Mr. Saad Nazir & Mr. Burair Nazir represent Blue Group of Companies. BGC-IGC consortium is one of

In recent years, there has been an increasing trend among urban investors to own a piece of land in rural areas and convert it into vacation homes surrounded by greenery and beautiful landscaping. This shift can be attributed to the lack of open spaces and green areas in metropolitan cities due to the vertical expansion