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Pakistan's real estate sector is worth around $1.8 trillion. According to the Pakistan Bureau of Statistics, [5] construction output accounts for 2% of GDP, with housing representing less than half that total. With the rate of urbanization that Pakistan has been experiencing, there is a growing need for urban planning. [6] [5]
Defence Housing Authority (DHA) (Urdu: ڈیفنس ہاؤسنگ اتھارٹی) is a Pakistan Army-administered real-estate developer that governs housing and municipal services for Defence neighbourhoods across Pakistan.
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
In 2016, TPL Properties changed its status from a private limited company to a public company and was listed on the Pakistan Stock Exchange, following an initial public offering at a strike price of PKR 12.50. [4] [5]
In 1959, during the presidency of Muhammad Ayub Khan, the house was sold to the Armed Forces of Pakistan for three and a half lakh rupees, with the proceeds deposited into the Jinnah Trust Fund. [3] Since then, the property serves as the official residence for the Corps Commander of Lahore. [2]
Once the formal foreclosure processes are underway, these properties can be purchased at a public sale, usually called a foreclosure auction or sheriff's sale. If the property does not sell at the public auction, then ownership of the property is returned to the lender. [11] Properties at this phase are called Real Estate Owned, or REOs.
Bahria Town (Private) Limited (Urdu: بحریہ ٹاؤن) is an Islamabad-based privately owned real-estate development company which owns, develops and manages properties across Pakistan. [ 2 ] [ 3 ]
Pakistan had since 1979 requested that India sell the property, or at least lease it to its government as a tribute to its founder in order to convert it into their Consulate. Though P. V. Narasimha Rao , India's foreign minister in 1980, agreed in principle to lease Jinnah House as the residence of local Consulate-General of Pakistan, the plan ...