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SECP Approves Shariah Compliant Developmental REIT Scheme

The SECP has granted clearance for the registration of Pakistan’s first Shariah-compliant Developmental Real Estate Investment Trust (REIT) Scheme under the revised REIT regulatory framework. 2015 REIT Regulation was considerably revised by SECP earlier this year.

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Revisions to the REIT Regulations in 2015 only resulted in the introduction of a single rental REIT Scheme, while subsequent amendments in 2018 were unable to achieve the expected mobilisation of more REIT Schemes in the country.

The REIT Scheme contemplates investments in undeveloped property in Karachi with the objective of enhancing the area and developing the real estate, including the building and sale of apartments and commercial units by the REIT Management Company in order to generate income for unit holders.

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Following registration of the REIT Scheme and authorisation for the issue of units, the REIT Scheme can acquire funds for the acquisition and development of the proposed real estate by offering units to private investors.

Better paperwork, formalisation, governance, transparency, and investor protection will result from the rise of the REITs sector, and small investors will have the potential to profit from the growth of the real estate sector.

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.

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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.

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Syed Sadat Hussain Shah

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