A hefty investment has been made by a renowned investor CPIC in Islamabad to launch their new luxury brand, Diyar Homes.
China Pakistan Investment Corporation (CPIC) is a London based firm that operates in real estate. 27 million sq. Ft. Land has been obtained by the firm for $1.5 billion under the luxury brand name.
The first resort-style community will be launched by Diyar Homes for Overseas Pakistanis. The CPIC spokesperson said that we are focusing on expanding our land bank in the top-notch locations of Pakistan in order to strengthen our brand and market positioning in the country as a leading developer.
Due to the strict regulatory criterion and a critical shortage of land in Islamabad, it was very complicated to acquire the land. It took three years to complete the purchase, further added by the CPIC spokesperson.
It is pertinent to mention here that the regulatory criterion for the capital is extremely complicated. From accessibility, infrastructure, utilities, and natural landscape to ownership status, Islamabad has 72-point criteria for acquiring the land.
The CPIC spokesperson concluded that they wanted to acquire their desired land while creating a trusting environment, transparency, and sincerity to the real estate market of Pakistan.
The investment has been made in accession with PM Imran Khan’s vision to bring potential investors in Pakistan and engage the people in the development of the country.