Table of Contents

Naya Nazimabad, Karachi to Feature 3,000 Apartments

According to press reports, the developers of Naya Nazimabad will launch a 3000 apartment project in the port city of Karachi with a 20-year mortgage plan. The scheme will be introduced after Eid al-Adha.

Read More: CDA Lift Ban on Electricity Connections

According to the sources, the project would be developed by the Naya Nazimabad Developers Javedan Corporation in partnership with the major banks and REITs.

Habib Equity, one of the largest REITs, owns 26.6% of Javedan Corporation, while Arif Habib Corp owns 7.45% and Arif Habib himself owns 5.76% of the company.

In addition, according to the proposed plan, the owner would be required to pay 20% of the apartment’s value, while the remainder of the payment will be made by the banks; the owner will pay the bank in simple monthly installments over a 20-year period.

Read More: Government Obtains 63pc More Foreign Loans in 11MFY21

In this regard, the Mortgage Refinance Company will make funds for mortgage facilities available to banks.

The project’s developers, Javedan Corporation, built the Naya Nazimabad Project and sold 6,500 residential and commercial plots in phase 1 of the development.

For more information, please get in touch with Al Sadat Marketing.

You can also invest in other famous and most in demand housing societies, such as , Blue World CityRudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom ValleyNew Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart CitySilver City Islamabad, The Life ResidenciaFaisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Talk to Us!

Latest Posts

Categories

Leave a Reply

Your email address will not be published. Required fields are marked *