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Real estate is one of Pakistan’s most dynamic and opportunity-rich sectors. At Chakor, we cover it all, from emerging developments and market trends to investment analysis and buyer guidance, giving you the full picture of a sector that continues to define the country’s economic trajectory.

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CategoriesDevelopments Construction News Real Estate Urban Developments & Planning

KMC to Start Work on 140 Karachi Roads Within Days, With Rs13 Billion Set Aside

KARACHI: The Karachi Metropolitan Corporation (KMC) will begin building and rehabilitating about 140 roads across the city within two to three days, at an estimated cost of Rs13 billion, Mayor Murtaza Wahab announced on Monday.

Speaking at a press conference at the KMC head office, Wahab said the tendering process was complete, and work orders would be issued shortly. KMC plans to spend between Rs68 billion and Rs70 billion on development schemes this financial year, with projects under way in all seven districts.

Among the larger works, the Rs1 billion Chakoor Nala Expressway, funded from KMC’s own resources, is expected to open in 30 to 35 days and ease traffic toward Gulistan-e-Johar. A nine-kilometre dual carriageway linking Gulistan-e-Johar with University Road is due to be completed by January.

Groundbreaking for a flyover on Garden Nishtar Road, costing around Rs1 billion, is planned by November 20, with a 100-day construction target. Tori Bangash Road, a five-kilometre link between Keamari and the West District, should be finished by the end of the year. Streetlights on 41 major roads will be replaced within about two and a half months.

On water supply, the 10-million-gallon-per-day K-III elevated pipeline has been completed to improve supply to Lyari and curb theft. Testing will take place within seven to eight days before its inauguration. Three garbage transfer stations are also expected to begin operating by year-end.

In healthcare, the new block of Abbasi Shaheed Hospital, completed after 52 years, will start outpatient services this week. A public-sector breast reconstruction centre at Sarfaraz Rafiqui Shaheed Hospital is scheduled to open in December.

Wahab urged utility agencies to coordinate their work so that rehabilitated roads are not dug up again, and called for action against encroachments on roads and footpaths.

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CategoriesNews Economy Investment Real Estate Real Estate Investment

Pakistan Pitches Special Economic Zones to Qatari Investors; Retaj Group Weighs Hotel Ventures

DOHA: Pakistan’s commerce minister asked Qatari investors to look at the country’s Special Economic Zones (SEZs) during meetings in Doha, and Qatar’s Retaj Group said it wants to explore hospitality projects in Pakistan, according to an official statement released Tuesday.

Jam Kamal Khan met Qatari and international officials on October 25 and 26 during the World Investment Forum 2026. His meetings included the Secretary-General of the D-8 Organisation for Economic Cooperation, Qatar’s Minister of Municipality, the chairman of the Qatar Chamber of Commerce & Industries, and Retaj Group representatives.

He told the Qatar Chamber chairman that the SEZs, especially the Karachi industrial area, suit export-focused manufacturing. He also said Pakistan can serve as a route to markets such as Africa. The chairman pointed to shifting global supply chains and said Qatar is interested in the proposed regional transit routes.

Retaj Group said it would consider joint ventures with Pakistani partners and bringing its hotel brands to Pakistan and other Islamic countries. The statement gave no details on projects, locations or investment sums.

The D-8 Secretary-General told the minister on October 25 that the group’s Preferential Trade Agreement needs to be put into practice now that Egypt has ratified it. On October 26, the minister and Qatar’s Minister of Municipality discussed agriculture, food security and trade.

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CategoriesNews Construction Property Real Estate Urban Developments & Planning

Construction Growth Reaches 19.2% as Rs10m Subsidised Housing Loans Lift Pakistan’s Property Market

KARACHI: Pakistan’s construction sector has grown sharply over the past year. Builders credit the government’s subsidised housing finance scheme, even as banks remain cautious about lending.

The State Bank of Pakistan reported that construction growth, which stood at negative 3.3 percent in the first quarter of FY25, rose to 17.6 percent in the fourth quarter of that year. It reached 19.2 percent in the first quarter of FY26, and the first half of FY26 recorded 14.6 percent. Public Sector Development Programme spending increased 41.8 percent in the same half, against a 1.1 percent decline a year earlier.

The Prime Minister’s Ghar Ho Tu Apna scheme, launched in September 2025, offers loans of up to Rs10 million at a fixed five percent rate, with the government paying the markup subsidy. Hassan Bakhshi, chairman of the Association of Builders and Developers, said the scheme has provided liquidity and revived purchasing. Some builders have recovered capital tied up in unbooked apartments.

Banks, however, have issued fewer loans than expected. Bakhshi said lenders require complete documentation, while many owners begin construction without proper design or approval from the Sindh Building Control Authority, making their projects ineligible.

The US-Iran war has also changed investment patterns. Bakhshi said money that would have gone to Dubai property is now being invested at home, which pushed prices in areas such as Defence Society up by as much as 60 percent. He added that a correction of up to 20 percent has been recorded in Defence over the past month.

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CategoriesNews Real Estate Urban Developments & Planning

Lahore Master Plan 2050: Four Districts Under One Environmental Roadmap as LDA, EPA Seek Public Input

LAHORE: The Lahore Development Authority and the Punjab Environment Protection Agency held a public hearing on Monday to assess the environmental dimensions of the Lahore Division Master Plan 2050. The session was meant to refine the plan using citizen feedback and expert recommendations.

The hearing was attended by EPA Additional Director General (Operations) Sharjeel Hafeez Wattoo and the LDA’s Chief Metropolitan Planner. The Chief Metropolitan Planner and the consultants briefed participants on why the plan is needed and assured them that pollution-related suggestions would be reviewed.

Punjab EPA Director Fauzia Akram spoke on smog and environmental pollution. Architect Kamil Khan Mumtaz of the Lahore Bachao Tehreek outlined the plan’s stages and said it aims to build a “prosperous Lahore” that serves as a “hub of civilisation”.

Consultancy firms Dar Al-Handasah and Asian Consultant Engineering gave presentations. Dar Al-Handasah representatives said they are preparing the plan with an Environmental Impact Assessment in view. They said it addresses smog, pollution, unplanned industrial expansion and socio-economic challenges.

The plan covers the Lahore Division, with urban amenities reviewed in Lahore, Sheikhupura, Kasur and Nankana. It accounts for population growth, urban sprawl, and housing needs, and prioritises public transport, roads, healthcare, education, agriculture, industry, sewerage, and water infrastructure. It also provides for parks, greenery and cultural spaces.

The plan will encourage both commercial and residential high-rise construction. The plan integrates areas under RUDA, the CBD, the Cantonment, and DHA, and authorities are working with developers and other stakeholders to address pollution.

Environmental experts Aleem Butt and Rafay Alam explained the causes of pollution and possible remedies. Stakeholders, citizens and students attended, and the consultants answered their questions at the end of the session.

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CategoriesNews Property Laws Real Estate Urban Developments & Planning

Pakistan Cuts Mandatory Property Documents to Five for Apna Ghar Housing Loans

ISLAMABAD: The government has reduced and standardised the property documents banks can require from applicants under the Prime Minister’s Apna Ghar Programme to make housing finance easier to obtain.

The Ministry of Housing and Works announced the changes on October 18, following directives from Prime Minister Shehbaz Sharif. The State Bank of Pakistan has since issued formal instructions to banks to implement the revised requirements, Dawn reported.

Applicants must now provide five mandatory documents: a transfer letter, a possession letter, a site plan, a mortgage permission letter, and mortgage registration documents. The framework applies to loans of up to Rs10 million.

The revised requirements cover a wide range of properties, including those in urban development authority schemes, housing societies, private housing schemes, DHA plots, houses and apartments, and cantonment and MEO leasehold properties. Rural revenue properties, government housing schemes and Evacuee Trust properties are also included.

Properties backed by a Punjab government Green Property Certificate, or an equivalent certificate issued by a competent authority in another province, may also qualify for financing. Since these certificates verify title, ownership and possession, holders will not be required to produce separate historical ancestral ownership records.

Banks reportedly asked applicants for extensive property documentation, which complicated and delayed loan applications. The new framework is intended to reduce paperwork, bring consistency to bank requirements and help first-time buyers purchase or construct homes.

The announcement does not cover markup rates, repayment terms, income criteria, down-payment requirements or a list of participating banks. The simplified documentation also does not exempt applicants from banks’ income, affordability and legal-title checks. Prospective borrowers should confirm exact requirements with their bank.

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CategoriesNews Property Laws Property Taxes Real Estate

LHC Voids Cantonment Tax Demands Against LUMS Issued in 2011 and 2017

LAHORE: The Lahore High Court has set aside property tax demands raised by the Military Lands and Cantonments Department against the Lahore University of Management Sciences, ruling that the university is exempt from the levy for the period before a 2023 amendment to the Cantonments Act.

A division bench of Justice Hassan Nawaz Makhdoom and Justice Khalid Ishaq allowed a petition filed by LUMS and the National Management Foundation, the non-profit society under which the university was established. The petition challenged orders of the Director General, Military Lands and Cantonments, Rawalpindi.

The Cantonment Board first issued a tax notice on the university’s buildings in 2007, 14 years after LUMS began operating from its Lahore campus in 1993. LUMS claimed exemption under Section 99(2)(b) of the Cantonments Act, 1924. Its appeal was dismissed in 2011, and a revision petition in 2017.

The university told the court it has over 5,000 students across five schools and has provided about Rs13.3 billion in financial aid since its founding. The respondents argued that LUMS earns substantial income from fees and investments and lets out some buildings and halls, which they said amounted to commercial activity.

In the judgment, Justice Ishaq held that the 2023 amendment made a substantive change that cannot be applied to earlier assessment periods. He ruled that charging fees and retaining a surplus does not establish a profit-making purpose, provided no funds are distributed to promoters, trustees or controllers.

The court declared the 2011 and 2017 orders void and barred recovery of any pre-amendment demand. For the later period, it said the amended law gives the Cantonment Board discretion to grant or refuse exemption. Any future assessment must be made through a reasoned order examining the use, income and public access of each building concerned.

 

CategoriesNews Construction Developments Real Estate Urban Developments & Planning

Sukkur-Hyderabad M-6 Motorway Construction to Begin in November After Rs15.26bn Land Payout

ISLAMABAD: Construction of the 306-kilometre M-6 Motorway will start next month, Minister for Communications Abdul Aleem Khan announced on Sunday.

In a statement posted on X, the minister said the motorway would give fresh momentum to trade and commercial activity in Sindh and across the country. He added that the project would support economic growth and improve regional connectivity.

The announcement follows a key development on the ground. The National Highway Authority has finished acquiring all the land the project requires, paying landowners around Rs15.26 billion in compensation.

The motorway needs more than 7,500 acres along its alignment, and it has now secured every acre. The NHA has described this as a major milestone, since land acquisition often holds up large infrastructure projects.

No details were shared on the contractor, the total project cost or the expected completion date. The minister also did not give an exact start date for construction beyond saying it would begin next month.

Once built, the M-6 is expected to link Sukkur and Hyderabad directly, easing movement of goods and passengers along one of Sindh’s busiest corridors.

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CategoriesNews Developments Real Estate Real Estate Investment Urban Developments & Planning

CDA Plans Phased Launch of G.T. Road Commercial Scheme, Eyes Over Rs500bn in Revenue

ISLAMABAD: CDA is preparing to open a large commercial area along G.T. Road, a project that officials say could earn the civic body more than Rs500 billion.

Sources said Chairman Sohail Ashraf has instructed the relevant teams to move ahead with the scheme, which is likely to launch in the coming months. He has reportedly presided over several meetings on the subject and asked the relevant wings to wrap up their preparations quickly.

CDA acquired the land in 1967, and it spans 3,550 kanals along a 16-kilometre stretch from EME College to Nicholson Monument, covering a 200-foot-wide strip on both sides of the road. Officials estimate that about 2,000 kanals will be usable after planning.

Explaining the revenue projection, an official said that even at a base rate of Rs750,000 per square yard, one kanal would fetch roughly Rs500 million. He added that the plots would be released gradually rather than all at once.

CDA did little to secure the land until 2025, when it began an enforcement drive. A major operation last year, led by the then Deputy Director General Enforcement, Dr Anam Fatima, recovered a considerable share, and another operation is underway. Officials said over 100 permanent buildings have been marked for demolition. 

Heavy machinery dealers in the Tarnol area are also using the land for parking. Interior Minister Mohsin Naqvi has reportedly backed CDA’s efforts to reclaim state land.

Director General Spatial Planning Ijaz Ahmad Sheikh has set up a four-member committee, headed by Deputy Director General Architecture Ali Abdullah, to finalise the design. Officials expect strong demand for fuel stations, as NHA is adding land to the road.

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CategoriesNews Developments Property Laws Property Taxes Real Estate Real Estate Investment

Sindh Targets Five-Fold Jump in Property Tax Records to 2.15m Under $150m World Bank Plan

KARACHI: Sindh is preparing to widen its urban property tax records more than fivefold, from about 397,375 entries to roughly 2.15 million, through a World Bank-backed programme covering 20 local councils outside Karachi.

The Sindh Property Revenues Enhancement Program (SPREP) is valued at $150 million, comprising $110 million in results-based financing and $40 million in investment project financing. The Local Government Department will implement it to increase Urban Immovable Property Tax (UIPT) collection and improve municipal financial management.

According to the programme’s Stakeholder Engagement Plan, only about one-fifth of an estimated 2.1 million properties in the five targeted divisions are currently registered. Field teams will conduct a GIS-based, door-to-door survey of residential and commercial premises, geo-tagging each property into a new UIPT management information system. The plan stresses that the exercise is meant to build records, not issue tax demands.

The targeted councils are spread across Hyderabad (nine), Larkana (four), Sukkur (three), Mirpurkhas (two) and Shaheed Benazirabad (two), serving about 4.5 million residents. Wider institutional support will reach all 45 participating councils, including 25 in Karachi.

Beyond the survey, the programme will finance digitisation of Board of Revenue land records, a digital master plan linking land and tax systems, city surveys and a financial management information system for budgeting, accounting, payroll and expenditure.

To address privacy and accuracy concerns, the plan proposes advance notice of visits, identified enumerators and channels for residents to review and correct records. Monthly Town Citizen Committees and women-only consultations are planned to prevent exclusion of vulnerable groups.

The design draws on Karachi’s CLICK project, where the registered base reportedly rose from about 900,000 to 4.2 million properties after removing duplicates and out-of-mandate entries.

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CategoriesNews Property Laws Property Taxes Real Estate Real Estate Investment

FBR to Refund Section 7E Tax on Properties Above Rs25mn After Court Strikes Down Law

ISLAMABAD: The FBR has agreed to refund tax collected on deemed rental income from immovable properties under Section 7E of the Income Tax Ordinance, 2001, months after Pakistan’s FCC struck the provision down as unconstitutional.

The relief follows sustained advocacy by the Lahore Tax Bar Association’s Public Interest Litigation Committee, whose chairman, Waheed Shahzad Butt, had repeatedly petitioned the FBR since the FCC’s May 7, 2026 verdict voided Section 7E in its entirety, along with all notices issued under the clause since its introduction through the Finance Act 2022.

In a letter dated September 23 to all Chief Commissioners of Inland Revenue across large taxpayer, corporate, and regional offices, the FBR directed that it must not turn down revision requests filed in response to the court order and must process any refunds arising from such revisions without delay.

The reversal affects a wide pool of taxpayers, as Section 7E applied a 5% deemed-income tax on the FBR-assessed market value of properties worth more than Rs25 million.

Butt welcomed the move as a significant win for taxpayers, noting it would spare both the exchequer and litigants from prolonged legal battles. However, he clarified that the FBR’s directive is limited strictly to Section 7E and does not affect a separate, unresolved dispute over Super Tax under Section 4C, where the FCC upheld the levy but excluded certain exempt capital gains, including inherited property and long-held real estate.

Pending a broader refund mechanism, the LTBA-PILC has proposed adjusting amounts collected under both Section 7E and Section 4C against taxpayers’ FY26 liabilities, urging the FBR to extend similar expedited treatment to pending Super Tax claims.

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