Islamabad: Award-winning international real estate developer CPIC has made a major investment with the acquisition of 27 million square feet of land, in line with Prime Minister Imran Khan’s vision for the country’s foreign diaspora.
Leading international developer CPIC Global has acquired 27 million square feet of land in Islamabad under its new luxury property brand Diyr Homes as the company plans to expand into major cities in Pakistan.
The acquisition comes as the group seeks to consolidate its position as a leading developer for overseas Pakistanis by expanding their land bank in Pakistan’s most privileged locations, ICPC said in a statement.
Under the vision of Prime Minister Imran Khan, ICPC, under the Diyr Homes banner, is poised to develop the very first resort style master community for overseas Pakistanis and for this they have carefully selected the capital as a key place to present this first of its kind. development.
We had a 72 point criterion ranging from accessibility, infrastructure, utilities and natural landscape to property status, which made it extremely difficult to acquire the type of land we were looking for while staying in the group ethics of pioneering trust, transparency and sincerity towards Pakistanis. real estate market, said CPIC.
The project was designed in accordance with Prime Minister Imran Khan’s vision of raising awareness among the Pakistani overseas diaspora and attracting foreign direct investment to Pakistan. The Pakistani overseas diaspora is a mega-asset for the Pakistan is one of the strongest diasporas in the world with more than 8 million people living and working abroad, the statement said.
The statement added that overseas Pakistanis send nearly $ 40 billion a year back to Pakistan and that Prime Minister Imran Khan is rightly focused on increased engagement with the diaspora. Diyr Homes will bring the best of international life to Pakistan and provide the Pakistani overseas diaspora with a deserving home in their homeland. The project, currently in the planning stage, is expected to have a gross development value of over $ 1.5 billion and will be launched in 2021 by Diyr Homes.
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