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Eighteen Islamabad – a Huge Competitor in Islamabad’s Real Estate

Eighteen Islamabad

Considering the amount of housing societies being launched and getting saturated is overwhelming. Islamabad currently has above 100s of housing societies out of which only 60 are actually approved. The same case is for Rawalpindi, there are barely 40% of the total number of housing societies that have been approved by the RDA. Out of Islamabad’s numerous housing societies being narrowed down to a few, another handful are truly reliable. To mention the best among them, you can consider Eighteen Islamabad. It is truly the epitome of luxury living, and can only be explained less.

CEO Tarek Hamdy of Eighteen has stated that stockholders will not return profits to their home country but will instead reinvest cash in Pakistan as the company expands into additional cities such as Peshawar, Lahore, and Karachi.. Located in the southwest of Pakistan’s capital, Islamabad, Eighteen Islamabad Payment Plan is new in Pakistan’s real estate market.
At least eighteen Pakistanis living outside the country have been invited to the event’s kickoff.

A joint venture between Egypt’s Ora Developers and Pakistan’s Saif Group, along with Kohistan Builders & Developers, is responsible for the development of the project. At least $300 million to $400 million has been committed in land acquisition by local partners in the project, Hamdy said in an interview.

“We invested a lot of stock, and we are investing $2 billion in the first phase of the project,” Hamdy said in an interview with the Express Tribune. A total of 2,000 residences are available at Eighteen, with 1,000 of those located near the community’s golf course. With a half-kanal size, they’re aimed for the “strong, current and educated middle-income category.”

Eighteen Islamabad Location will allow to reinvest in Pakistani cities as part of the project’s expansion, he said. In Peshawar, we will put our money into residential projects, while in Karachi we will concentrate on Sea View’s expansion. Currently, we’re looking at land in Islamabad and Lahore that is reasonably priced to build apartments.”

In terms of Gwadar investment, Hamdy stated that the port city currently has a big industrial zone, but project developers would soon begin looking at it from a “residential” point of view. “Gwadar is still in its infancy. We are conducting a wide-ranging survey of Pakistan and anticipate consultants to supply us with reports on the current market conditions,” said the company. In order to take advantage of Pakistan’s potential, foreign investors must overcome the country’s unique hurdles, according to Hamdy.

“Unlike many other nations in the same economic stage as Pakistan, which face the issue of identifying experts with specific skill sets, Pakistan’s huge talent pool offers a workforce with wide generalist skill sets. The business environment necessitates the use of designers, architecture firms, and consultancy services, all of which have rapidly changing skill sets that make it challenging to contract with them on service-based agreements and payments.

The Undertaking of Eighteen

More than 2,000 residences, evenly split between villas and flats, occupy a total of 2.7 million square feet in Eighteen Islamabad. Only the most eminent real estate marketing company. A 7,200-yard, 18-hole golf course, a five-star hotel with 150 rooms, and retail and commercial facilities are all part of the business hub. “Eighteen recently hosted its Dubai debut for our worldwide market, while plans are afoot to commence the construction of houses in June.”

Hamdy asserted that the initiative is special in this regard. Only 16% of the land is being used for construction. The population is sparse. Developers typically build on a quarter to a third of their land. As a result, our development will feature an abundance of open space and greenery. Because we have been granted permission to erect structures as high as 165 feet, however, we have decided not to go with high-rise buildings. In order to decrease our carbon footprint, we are only constructing buildings with four, five, or seven storeys.

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