Chakor Signs Contract With OTIS for Installation of Premium Elevator systems at Citadel 7
CategoriesCitadel 7 Featured blog

Chakor Ventures Signs Strategic Contract with OTIS & Greaves to Install High-Speed Vertical Elevators

In a significant step toward reshaping Pakistan’s skyline, Chakor Ventures has signed a contract with Greaves, the sole distributor of Otis elevator system in Pakistan, to integrate world-class vertical mobility solutions into its flagship real estate development project,  Citadel 7. This partnership marks a transformative milestone in Chakor Ventures’ ongoing commitment to building futuristic infrastructure that blends innovation, safety, and modern living.

Chakor Ventures hosted a strategic contract-signing ceremony at its Islamabad office on July 9, 2025, welcoming senior representatives from Otis and Greaves. In attendance were Mr. Omer Khitab, General Manager at Chakor Ventures; Mr. Irfan A. Shah, Senior General Manager at Greaves; and Mr. Hafiz Asif Nazir, General Manager at Greaves. Together, they reaffirmed a shared commitment to installing state-of-the-art vertical elevator systems in Citadel 7, setting a new industry benchmark for innovative, high-performance mobility in Pakistan’s real estate sector.

With over 160 years of experience, Otis Elevator Company is a global leader, renowned for its engineering excellence in elevators, escalators, and moving walkways, backed by strict international safety standards ( otisinvestors.com). In Pakistan, Greaves serves as Otis’s trusted distributor, bringing technical expertise and local support to every project.

OTIS X Chakor Signing

To understand Otis’s global reputation, look no further than Dubai:

One Za’abeel: A mixed-use twin-tower where Otis installed 82 units, including SkyRise single and double decks, Gen2 elevators, and the Compass® 360 destination-management system for faster, smarter traffic flow (otis.com).

Sobha Creek Vista Heights: In MBR City, Otis equipped two 63-story towers with 22 SkyRise elevators, also featuring Compass® 360 and EMS Panorama 2.0 monitoring for efficient operations (elevatorworld.com).

Various Sobha Realty Projects: A massive deployment of 303 Otis elevators, including Gen2 and SkyRise models, across five luxury developments (elevatorworld.com).

Key Otis features that transform vertical transportation include

  • Compass® 360 Destination Dispatch uses smart destination control to direct passengers to the most efficient elevator, significantly reducing wait and travel times while enhancing traffic flow in high-rise buildings.
  • High-speed SkyRise® elevators are designed for high-rise environments.
  • Gen2® machine-room-less systems for compact, energy-efficient rides
  • Real-time EMS elevator monitoring to ensure reliability and proactive maintenance

 

At the Contract  signing ceremony, Mr. Omer Khitab, General Manager of Chakor Ventures, stated:

“After extensive research and evaluating all major brands, we found OTIS to be the most suitable choice for Citadel 7. We also secured several customized features, including bespoke interiors, a destination control system to optimize vertical commute, and firefighting elevators for enhanced safety.”

To ensure the premium standard of the project, Mr. Muhammad Abbas Khan, CEO of Chakor Ventures , personally visited the OTIS manufacturing facility.

Contract signing in presence of CEO of Chakor Venture

Mr. Irfan A. Shah, General Manager of OTIS, remarked during the ceremony:

“OTIS elevators are trusted in ten of the world’s most iconic buildings, including the Burj Khalifa and the Eiffel Tower. We’re proud to bring that same global excellence to Citadel 7.”

For end users, this means faster, safer, and smarter elevator journeys. For investors and tenants, it enhances trust, operational excellence, and long-term value. With this high-impact collaboration, Chakor Ventures, Otis, and Greaves are redefining Pakistan’s commercial tower standards, raising the bar for smart development.

Cita del 7 possession countdown
CategoriesCitadel 7

History in the Making: Citadel 7 Becomes Pakistan’s First Real Estate Project with a Live Possession Countdown

History in the Making: Citadel 7 Becomes Pakistan’s First Real Estate Project with a Live Possession Countdown

Islamabad, June 2025 – A historic moment has unfolded in Pakistan’s real estate landscape as Chakor Ventures breaks new ground with the official launch of a live possession countdown timer at the site of its flagship project, Citadel 7, a smart tech commercial tower located in the prestigious Blue Area of Islamabad. For the first time in Pakistan, a real estate developer is not only committing to a delivery date but is also showcasing it in real-time through a digital countdown, symbolizing transparency, accountability, and unwavering confidence in project completion.

Citadel 7: A Game-Changing Smart Tech Commercial Tower

On Saturday, June 21st, Chakor Ventures hosted an exclusive press release event on the project premises, drawing attention from investors, buyers, real estate professionals, and members of the media. The event marked a celebration of commitment, progress, and innovation in an industry that has long been criticized for delays and opacity.

At the heart of this celebration was Citadel 7, a modern, smart-tech commercial tower that redefines the standards of commercial real estate in Islamabad. With its advanced infrastructure, intelligent systems, and future-forward amenities, Citadel 7 offers a future-proof investment opportunity in one of the city’s most valuable and visible zones, Blue Area.

Cita del 7- corporate tower countdown event

The Countdown: A Promise in Every Second

What sets Citadel 7 apart is not just the technology or location, but the bold public possession countdown timer now installed on-site. Displaying the exact number of days, hours, and seconds left until possession, this timer is more than just a display; it’s a pledge of delivery.

Speaking at the event, Khurram Malik, Director at Chakor Ventures, stated:

“We are the first in Pakistan to implement this concept. We’re confident that when the timer hits zero, possession will be handed over exactly as promised, to the very people who began their journey with us.”

His words reflect the bold confidence that Chakor Ventures brings to the market, a stark contrast to the often uncertain timelines of traditional property development in Pakistan.

 

A Statement Beyond Structure

Jawad Amin, Director of Sales, emphasized that Citadel 7 is more than a commercial project:

“Citadel 7 is not just a building, it’s a statement, a legacy. It represents our commitment not only to our clients but to the entire real estate industry. It’s a new standard of what’s possible.”

This sentiment resonated strongly with attendees, especially investors and buyers who view timely delivery as one of the biggest hurdles in commercial real estate projects.

Precision That Impacts the Industry

Omer Khitab, General Manager at Chakor Ventures, added a powerful perspective on the impact of this initiative:

“We’re counting every second and watching every detail, because it’s the little differences that make a big impact. That’s the difference we want to bring to the real estate industry in Pakistan.”

This attention to detail reinforces Chakor Ventures’ positioning as an innovative and trustworthy developer that is reshaping market expectations.

Investor Confidence at an All-Time High

With 80% of Citadel 7 units already booked, the response from buyers has been overwhelmingly positive. The countdown adds a layer of excitement and credibility, giving investors real-time assurance of progress and timely delivery.

In a sector plagued by delays, this step is being widely hailed as a bold and revolutionary move. It is expected to not only boost investor trust in Chakor Ventures but also challenge other developers to adopt similar transparency measures.

The Clock Is Ticking Fast; Secure Your Space at Citadel 7

The live countdown at Citadel 7 is more than just a timer; it’s a bold promise that real estate in Pakistan is changing for the better. Chakor Ventures is setting a new standard by staying true to its word and demonstrating progress in real-time. As each second passes, the future draws closer for those who believed in the project from the start. Want to see it for yourself? Explore Citadel 7 here and be part of a real estate journey built on trust, time, and transparency.

FAQs 

Citadel 7 by Chakor Ventures is Pakistan’s first commercial project to feature a live possession countdown timer, symbolizing on-time delivery, innovation, and trust in the real estate sector.
Citadel 7 is strategically located in the heart of Blue Area, Islamabad, and is nearest to two primary entrances: Jinnah Avenue and Ibn-e-Sina Road. Positioned in one of Pakistan’s most prestigious business zones, it offers premium smart-tech commercial spaces with unmatched visibility and accessibility.
Citadel 7 is the flagship project of Chakor Ventures, a progressive real estate company known for innovation, transparency, and commitment to timely delivery in Pakistan’s property market.
According to Chakor Ventures' live countdown, possession will be handed over when the timer hits zero, a clear, time-bound commitment celebrated by buyers and industry professionals alike.
CategoriesCitadel 7

Citadel 7 Makes Waves in Quetta: Chakor Ventures Hosts Successful Open House and Investor Meet

Chakor Ventures recently concluded a highly successful promotional visit to Quetta for its flagship project, Citadel 7, a premium mixed-use real estate development that is redefining urban living in Pakistan. From May 20th to May 24th, the Chakor team was stationed at the prestigious Serena Hotel, Quetta, where they conducted a series of productive meetings and engagement sessions with prospective investors and stakeholders.

A Strategic Visit to Engage Quetta’s Real Estate Market

During the five-day stay at Serena, the Chakor Ventures team held over 170 one-on-one meetings with local investors, brokers, and business owners. The sessions were designed to introduce Quetta’s real estate community to the potential and value proposition of Citadel 7, located in a prime area with high rental yield prospects. The level of enthusiasm from Quetta’s investors was remarkable. They expressed keen interest in the project, especially due to its central location, advanced infrastructure plans, and guaranteed minimum 1% rental yield, a figure that sets Citadel 7 apart in today’s competitive property market.

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CategoriesCitadel 7

Renting vs. Buying Commercial Space in Islamabad: Which Is Right for Your Business?

Choosing between renting and buying commercial space in Islamabad is a pivotal decision that can significantly impact your business’s financial health, flexibility, and long-term growth. As the Islamabad commercial property market grows more competitive, so do business owners. Whether startups, SMEs, or large corporations must weigh the pros and cons of both options carefully. This article explores the advantages and disadvantages of renting vs. buying commercial property in Islamabad, providing real-world scenarios and expert insight to help you make the most strategic choice.

Understanding the Islamabad Commercial Property Landscape

Islamabad has emerged as a vibrant hub for entrepreneurs, franchises, and corporate entities thanks to its organized infrastructure, safety, and expanding business zones. From high-traffic retail areas like F-10 Markaz and Blue Area to up-and-coming sectors like Bahria Town and Gulberg Greens, the city offers a wide range of options for commercial space. But the real question remains: Should you rent or buy?

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CategoriesCitadel 7

Islamabad’s Growing Commercial Real Estate Market: Trends & Forecast 2025

As Pakistan’s capital continues to evolve, the Islamabad commercial real estate market is witnessing transformative growth. With urban expansion, infrastructure development, and a surge in business activities, 2025 is shaping up to be a pivotal year for commercial property investors. This article will explore the emerging property trends in Islamabad, market demand drivers, and investment opportunities across different zones.

Why Is Islamabad’s Commercial Property Market in High Demand?

Islamabad has long been known for being well-planned, secure, and administratively significant. But over the last few years, it has evolved from a bureaucratic center to a thriving business hub. Several factors drive the growth:

  • Improved road and metro infrastructure

  • Rising middle-class consumerism

  • Expansion of IT, finance, education, and health sectors

  • Innovative and smart city initiatives and real estate digitization

As a result, business property in 2025 is increasingly viewed as a stable and high-return investment opportunity.

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CategoriesCitadel 7

Buying Commercial Property in Islamabad: Top Locations and Investment Tips

Investing in commercial property in Islamabad has become an increasingly attractive option for both seasoned investors and first-time buyers. The demand for commercial real estate is surging as the capital city continues to expand with modern infrastructure, well-planned sectors, and a growing population. Whether you’re looking to buy a shop in Islamabad for your business or secure a long-term investment property in Islamabad, this guide covers top commercial zones, ROI expectations, and essential tips to make an informed purchase.

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CategoriesCitadel 7

Top Commercial Areas in Islamabad for Office and Retail Space Rental in 2025

Are you looking for a commercial space in Islamabad? Finding the right commercial space for rent in Islamabad can significantly impact the success of your business. Whether you lease a high-visibility shop or a professional office, Islamabad offers several prime locations catering to various industries and business needs. In 2025, the demand for commercial real estate in the capital continues to rise, with areas like Blue Area, F-6, F-10, G-11 Markaz, and Bahria Town standing out as top choices.

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CategoriesCitadel 7

Best Places to Set Up Your Business Office in Islamabad (With Real Prices)

Choosing the correct location is crucial to establishing your business office in Islamabad, one of Pakistan’s most well-planned and thriving cities. From well-established sectors to up-and-coming business districts, Islamabad offers a range of options that cater to service professionals, SMEs, startups, and even corporate giants. In this blog, we explore the best places to set up your business office in Islamabad, highlighting their key features, accessibility, and real-time pricing trends so you can make an informed decision.

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Citadel 7- best corporate tower in islamabad
CategoriesCitadel 7

Top 5 Commercial Investment Hotspots in Islamabad – 2025 Edition

As Islamabad continues to evolve into a modern metropolitan hub, the commercial real estate landscape is thriving with high-return opportunities for savvy investors. From the bustling corridors of Blue Area to the master-planned zones of Bahria Enclave and DHA Phase 2, the capital city offers a range of hotspots tailored for diverse business needs. In this 2025 edition, we spotlight the top five commercial investment options in Pakistan. Citadel 7 in Blue Area, G-11 Markaz, Gulberg Greens, Bahria Enclave Commercial, and DHA Phase 2—comparing their ROI potential, rental yields, price trends, and location advantages. Whether you’re a corporate investor or an entrepreneur, these areas present unbeatable promise for capital growth and business expansion in Islamabad’s dynamic real estate market.

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CategoriesCitadel 7

Gulberg Greens vs. Blue Area: Where Should You Invest in 2025?

Regarding commercial real estate in Islamabad, two prime areas often become part of the discussion: Gulberg Greens and Blue Area. Both are growing rapidly and offering unique investment opportunities. But with 2025 approaching and commercial real estate becoming more competitive, where should you invest? Let’s break down the key factors that set these two areas apart, from price trends and accessibility to footfall and tenant demand, helping you make an informed decision.

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