Is Islamabad the new hot-spot for overseas investors?
CDA targets overseas Pakistanis for major real estate investment push
Islamabad: The Capital Development Authority (CDA) is poised to invigorate Islamabad's real estate market with a series of new projects aimed specifically at overseas Pakistanis. In a strategic meeting chaired by CDA Chairman Muhammad Ali Randhawa, alongside officials from the Public-Private Partnership Authority (P3A),
The initiative is expected to stimulate economic activity and attract substantial capital inflows into the city’s real estate market.
Strategic partnerships and plans
Several initiatives are in the pipeline, and the authority is expected to begin recruiting advisors and consultants soon. According to Randhawa, this collaboration marks a key step in ensuring the success of these ventures, which are set to bring transformative changes to Islamabad's property market.
Image credit: Zameen.com
Boosting remittances through real estate
During the meeting, Randhawa highlighted that the primary objective of these projects is to significantly increase foreign remittances. He added that the new real estate ventures would offer attractive returns for the diaspora community, helping to foster their involvement in Pakistan's economic development.
The upcoming projects reflect the CDA's commitment to leveraging the potential of overseas Pakistanis and driving economic growth through strategic real estate investments.