The Pakistani real estate landscape is undergoing a historic transformation, and leading the charge is Zameen.com, the country’s largest real estate enterprise. In a remarkable achievement, Zameen has registered Punjab’s very first Real Estate Investment Trust (REIT). This ground-breaking development introduces “Zameen Five”, a REIT poised to finance five premium real estate projects in the vibrant city of Lahore. With this initiative, investors now have the opportunity to participate in the growth journey of Zameen Developments’ luxurious vertical projects: Zameen Quadrangle (Gulberg), Zameen Aurum (Gulberg), Zameen Neo (Gulberg), Zameen Jade (Sukh Chayn Gardens), and Zameen Phoenix (Main Canal Bank Road).
What sets Zameen Five REIT apart is its obligation to delivering substantial returns to investors through timely dividends upon the successful completion and delivery of each project. It has been observed that the trend of vertical development continues to gain momentum in Lahore and other cities with Gulberg alone witnessing over 70% capital appreciation over the past two years.
A Trust Rooted in Transparency and Expertise
Zameen is all about transparency. This new product has been established under the REIT Regulations 2022 and registered under the Punjab Trusts Act 2020. The Central Depository Company (CDC) has been listed as its trustee. In addition, renowned institutions like Savills Pakistan and MYK Associates, approved by the Pakistan Banks’ Association (PBA), have been entrusted with evaluating the trust’s progress. The Pakistan Credit Rating Agency (PACRA) is currently in the process of rating the fund, further underlining its credibility. Furthermore, “KPMG”, one of the globally recognized “Big 4” firms specializing in audit, tax, and advisory services, has been assigned as the auditing body. KTrade has also been engaged as the financial advisor for the board. The involvement of these esteemed institutions not only solidifies the credibility of Zameen Five REIT but also ensures efficient operations, reflecting the authenticity and transparency that Zameen.com is committed to providing.
Understanding “the REIT” Advantage
For those unfamiliar with REITs, they are internationally established investment schemes that pool funds from investors and allocate them to real estate ventures. While relatively underutilized in Pakistan, REITs are a powerful tool that allows public or private shareholders to gain ownership of a real estate project without the need to directly operate, own, or finance the properties. This feature makes REITs a valuable diversification tool in the global investment landscape.
The Benefits of Zameen Five REIT for Investors
Investing in Zameen Five offers numerous advantages for investors seeking to manage risk and enhance their portfolios. One of the most enticing benefits is the tax exemption on profits for the investors. Furthermore, due to the high demand for quality housing in Lahore’s prominent neighbourhoods, Zameen Developments’ strategically located projects promise appreciating income over the years. Additionally, investing in this REIT grants individuals access to institutional-quality assets that may otherwise be out of reach. REITs offer a reliable source of income through regular and scheduled cash flows, making them particularly appealing to those seeking consistent returns.
The Perks for Property Buyers
Buyers who invest in the projects listed in Zameen Five will enjoy several advantages that have not been fully explored yet. Most notably, they won’t have to worry about the common problem of delayed project delivery, a significant concern for property buyers in Pakistan. This issue is effectively resolved thanks to the accelerated development process driven by the reliable availability of funds, a feature not typically found in traditional property ventures.
Zameen 360˚ – Revolutionizing Real Estate
Zameen has revolutionized the traditional property business in Pakistan and now takes its ambitions a step further with Zameen 360˚. Evolving from an online portal, the enterprise now offers a one-stop solution that facilitates all aspects of real estate management. From land acquisition, concept development, and project insurance to pre-feasibility studies, design and architecture, project approvals, management, marketing, REIT modelling and registration, trust deed registration, financial close, RMC compliance, fund monitoring, and facility management, Zameen 360˚ covers it all.
As Zameen pioneers the digitalization and data-driven evolution of the property industry, its positive influence extends far beyond its immediate sphere. This transformation not only benefits the core business but also permeates into allied sectors. Zameen Developments, in particular, has emerged as a trusted player in this landscape. Through innovative vertical projects that effectively tackle housing challenges, the company has earned the confidence of its clients. The successful completion of their first project, Zameen Opal, stands as a testament to their dedication and expertise. Zameen is not merely reshaping the property market; it’s building a reputation as a reliable partner, driving progress and reliability in an ever-changing industry.
The real estate industry in Pakistan is currently experiencing an exciting transformation, with Zameen, a renowned firm, leading the way into the realm of REITs. This innovative investment opportunity opens doors for investors to access significant exposure and the potential for impressive returns. Zameen Five REIT not only promises attractive returns but also upholds transparency, authenticity, and efficiency in its operations. Whether you’re an investor looking to diversify your portfolio or a property buyer seeking reliability and on-time delivery, Zameen Five REIT is poised to redefine the real estate investment landscape in Punjab. Don’t miss out on this golden opportunity to be a part of the future of real estate in Pakistan.
