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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

Blog

Housing finance: SBP relaxes conditions for under-construction houses

KARACHI: In a bid to facilitate individual buyers, the State Bank of Pakistan (SBP) eases conditions, allowing them to acquire loans for residential units in under-development projects.

 

Apart from this, the builders can also avail construction finance, as per the new conditions revealed in a notification. The notification by the SBP highlighted that purchasers of homes would be financed against their housing units, and the developer might not receive construction financing for the same.

Under such circumstances, it will be the developer’s responsibility to create a mortgage charge in favor of the Development Financial Institution (DFI)  for the project’s land.

 

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