PAKISTAN LAND SPOTS AMONGST TOP 5 COUNTRIES WITH MOST INVESTMENT IN 2020

Pakistan land spots amongst the top 5 countries with the most investment in 2020
As per the World Bank report, Pakistan has become one of the top 5 countries in the world with the most investment in the first half of 2020 – according to the news source published on December 9.
The private participation in infrastructure (PPI) half-yearly reported stated; Pakistan had the fourth-highest investment commitments. A new entrant to the top five countries this year with $1.9 billion of investment commitments. Moreover, the report stated that the current year’s private participation in infrastructure is unprecedented because of Covid-19 which has brought many sectors like infrastructure to a halt.
But the private participation of bringing up the country in the top five lists EarthLink is honored to pay the equal part and staying committed to the promise of introducing brand living in Pakistan.

EARTHLINK EXPANDS IN THE NEW BUSINESS HUB OF ISLAMABAD

EARTHLINK EXPANDS IN THE NEW BUSINESS HUB OF ISLAMABAD

The Federal Government Employees Housing Authority (FGEHA) organized a grand auction owing to the vision of Prime Minister Imran Khan to revive up the economy by stimulating the activities in the construction industry along with creating employment opportunities and a business-friendly environment. The commercial plots of G-13 & G-14 Mauve Area and Class III Shopping Center plots were auctioned in the grand event. Earthlink is the leading real estate development company and a real inspiration for others. It has sustained its benchmark to participate in national initiatives.  Be it a revival of the economy or the initiatives upheld for the well-being of the communities.

CEO Earthlink and a renowned name in the real estate industry, Mr. Mubusher Hayat, attended the grand auction organized by the Federal Housing Authority. He was successful to procure a highly significant plot to expand the real estate services in the new business hub of Islamabad. The approach is to support the government to boost the economic conditions of the country. He anticipated the initiative as a step towards the development of the new skyline in Islamabad. A landmark step of the Federal Government will create tremendous prospects for the investors and business community to take the businesses and the commercial endeavors towards the new horizons. The commercial plots of G-13, G-14, Mauve Area offer incredible advantages to the bidders.

A SIGNIFICANT LOCATION

The golden strip over which the mixed-used plots are addressed is called the new Gateway to Islamabad. It is centered in between the Srinagar Road and G-13, G-14 sectors. Only 15 minutes away from the proposed Ring Road and the CPEC route. It is rated as the new business hub for being in close proximity to Motorway and the New Islamabad Airport. The high-rise expansion is a few miles away from the Kashmir Highway and Main Expressway. All of the features act as the bonanza to enhance the marketability of the commercial plots as it will attract high footfall and rental yield.

THE SCOPE OF THE NEW BUSINESS HUB

The new business hub on the Gateway to Islamabad offers a variety of opportunities to the investors in pursuing their choice of corporate business or commercial activities. Commercial plots can be utilized for multiple purposes such as;

Shops

Restaurants

Clinics

Corporate Offices

Shopping malls

International hospital

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ROSHAN DIGITAL ACCOUNTS A MILESTONE TOWARDS DIGITAL BANKING

ROSHAN DIGITAL ACCOUNTS A MILESTONE TOWARDS DIGITAL BANKING

The initiative of Roshan Digital Accounts (RDA) has digitalized the banking system of the country. It has revolutionized the system altogether. Making it faster, simpler, and accessible. Roshan Digital Accounts initiative was launched by the State Bank of Pakistan (SBP) for the Pakistani diaspora. The initiative will facilitate the die-hard Pakistanis about processing their transactions.

Now the overseas Pakistanis can open a bank account in domestic banks of Pakistan without visiting the bank branch, embassy, or consulate. Everything is online. Thanks to the landmark initiative by the government of Pakistan. It takes only 48 hours after the proper documentation. And you can have your account in any of the commercial banks in partnership with the State Bank of Pakistan.

Initially, SBP has done a partnership with eight domestic banks that will provide this service. These include; HBL, UBL, Samba Bank, Standard Chartered Bank, MCB, Faysal Bank, Bank Alfalah, and Meezan Bank. However, the services are worthwhile, making the life of the expatriates easier. These include;

Fund Transfer

Bill Payments

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EARTHLINK – A SHARIAH COMPLIANT REAL ESTATE DEVELOPMENT COMPANY

EARTHLINK – A SHARIAH COMPLIANT REAL ESTATE DEVELOPMENT COMPANY

Earthlink Developments has secured a unique position in the world of real estate business due to many reasons including timely delivery of its exemplary projects, gainful policies for investors, and the credibility of its clients. Over a period of 16 years, the company has acquired a large number of entrusted clients through professional work-style under the supervision of the visionary Mr. Mubusher Hayat. His vision is insistent towards delivering Comfort, Security & Representation. Nevertheless, what makes Earthlink different from other contemporary real estate companies? The answer is the passion to provide the best to its clients; be it consultancy, a house, or a profit-oriented investment opportunity. And the outcome has always been a win-win situation as prescribed by the pioneers of this company.

Real Estate Sector & Shariah Compliance in Pakistan 

Over the years, a growing interest has been observed in people as if or not their investment in the real estate sector is in accordance with the principles of Islamic financing. Being a multi-billion industry, however, real estate craves Shariah Compliance so as to address the queries of investors along with paving the way for the growth of the construction industry. Being the 2nd largest industry of Pakistan, the construction industry holds a 2.5% share in the total GDP.

Basically, Shariah Law prohibits interest-bearing transactions in which the owner of the money receives a return without making any effort. Configuring the need, religious scholars have designed certain policies to complement Shariah Compliance with the real estate sector.

There are certain policies regarding investment, for instance, one structure says that the investors will have a fixed return whereas the other structure gives the investor equity in the development and performance of the property. According to the Islamic point of view, only that form of investment is fair in which both parties have a share in risk and reward. The Securities and Exchange Commission of Pakistan (SECP) has crafted certain rules to promote Shariah Compliance in the real estate sector. The three main principles:

  • The properties invested in must be used for Shariah-compliant purposes.
  • The fund must avoid using leverage using methods prohibited by Shariah.
  • The real estate asset must not be used for haram purposes; gambling, conventional lending activities, production, or sale of pork or alcohol.

In Pakistan, different financing structures are used to comply with Shariah; Murabaha – to finance the commercial property, Ijarah – to finance the residential property, and Istisna – used for manufacturing contract. Different real estate companies in Pakistan follow different policies in collaboration with banks; such as Diminishing Musharakh (Joint ownership of an asset where profit and loss are shared between both partners). The SECP has also provisioned that the companies will have to ensure that their interest-bearing debt-to-asset ratio should be less than 37% while the ratio of non-shariah compliant income to total revenue should be no more than 5%.

SECP hereby approved Murabaha Share Finance (MSF) for the sale transactions.

Earthlink conforms to Shariah Compliance

Earthlink has always been momentous in dealing with aspects, like a halal investment and shariah compliance, which are of great concern for its clients. To comply with the provisions of SECP and Shariah Law, Earthlink has at its bench the Shariah Advisor who makes sure that Shariah rules are obliged in letter and spirit for all the business activities of the company. The company has therefore successfully received Shariah Compliant Certificate as ruled by SECP.

 

 

Talking about the policies, Earthlink unlike other real estate companies of the country, does not offer rental returns before the project is completed as it is not permitted by Shariah Law. The business is strictly made interest (riba) free to comply with Islamic financing.

Earthlink offers Shariah Compliant policies to its investors as it values the clients and their trust in the company. Although the company offers monthly returns over investment, for instance, Gold suites of The Grande Hotel offer 50,000 monthly returns to its investors and the project has also received capital gain up to 27.27%. But the company does not give any guarantee about how much capital gain will the Grande Hotel receive in, for example, the coming three years.

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BEST REAL ESTATE DEVELOPMENT COMPANY IN TWIN CITIES

BEST REAL ESTATE DEVELOPMENT COMPANY IN TWIN CITIES

Pakistan has seen a mushroom growth of real estate companies in recent years due to the emerging trend of housing societies and the way people are getting inclined towards it. The reason being, finding a place that is secure and comfortable along with matching the modernized living standards that provide all the necessary facilities within the boundary wall. However, people often experience inconvenience while looking for the property, although more options are available. They suffer the un-professional workstyle or vague policies. Be it a modern design apartment or a shop. Therefore, people have become more conscious to avoid risk and make sure they undergo secure investment with the best real estate company. Hence, client satisfaction has become hard to achieve in the contemporary era.
Earthlink developments LLP is the best real estate development company in twin cities that has proudly gained client satisfaction due to the value-added policies and professional realtors, having sound knowledge of every aspect. They carry out informed and responsible dealing and have earned the title as the best real estate development company in twin cities.

EARTHLINK PROJECTS

Accomplished Projects

Earthlink has a 16-year career of development during which it has delivered amazingly done projects like;
The Grande I built in Bahria Town Phase II had a project life of 3 years and delivered in 2012.
The Grande II was successfully delivered in 2017 at a competitive location in Bahria Town Phase III.
Additionally, The Grande III is situated in Phase IV of Bahria Town and it was completed in 2019.
All of the delivered projects have the ideal locations with the modernized set of amenities and exhibit architectural panache. Not just that, but the projects have successfully proved to be secure investment ventures to all the clients.

Projects Under Construction

Being the best real estate development company in twin cities, Earthlink has established a competitive status in the market and achieved the credibility of its clients. Their faith added to the company’s confidence to explore new horizons. Therefore, the company, over the period, kept the foundation for many new projects exhibiting modern designs and emerging investment trends. All of these projects are under construction in different sectors of Bahria Town;
The Grande Business Center in Bahria Enclave takes the business to an entirely new level of excellence and expansion. It offers a reliable and secure investment plan to its valuable clients.
The Grande Marina in Phase IV is a commercially viable project equipped with all the eminent amenities.
The V8 Mall in Phase VII is the luxurious cum up-scaled project that offers everything in one place.
The Grande River Hills in Phase VII is a residential cum commercial project offering systemized facilities to its clients.
The Anargali in Phase IV is a landmark of innovation and inspiration, exhibiting modern designs and architectural goodness.

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National Assembly Approved Development of RERA

National Assembly Approved Development of RERA

National Assembly, on Tuesday, passed a bill called Islamabad Real Estate (Regulation and Development) Bill, 2020. The bill reasoned that the establishment of a Real Estate Regulatory Authority (RERA) is a necessity to regularize the real estate sector as the sector has great potential and proper regulations will result in receiving maximum benefits from it. The regulatory body will be helpful for all the stakeholders; buyers, sellers, builders, developers and tenants. It will ensure that the process of selling and buying properties is smooth, transparent and non-conflicting. Moreover, in case of having a dispute, the body will redress the complainers in the most legalized way. Also, an Appellate Tribunal will be established that will hear appeals made by people against the directives of RERA. The body will ensure transparency and accountability in real estate sector, thus resulting in countering corruption or malfunctioning. It will also help to configure fraudulent realtors and un-registered real estate companies that have been defrauding innocent people and has negatively affected the credibility and reputation of the sector that has great potential to boost up the economy.

https://earthlink.com.pk/how-real-estate-contributes-to-pakistani-economy/

The initiative of making a regulation body shows the government has realized the strength of real estate sector and the scope of benefits towards the economic state of the country. As according to a recent report by the Federal Bord of Revenue (FBR), under the Construction Relief Package and Amnesty Scheme for real estate sector, 127 projects were registered with tax department worthy of Rs 63 billion.

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GOVERNMENT ALLOCATES RS. 33 BILLION FOR AFFORDABLE HOUSING UNITS

GOVERNMENT ALLOCATES RS33 BILLION FOR AFFORDABLE HOUSING UNITS

Owing to the vision of providing affordable housing units to people, State Bank, as an executing partner with the Government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA) has announced a mark-up subsidy package for those who are first-time house buyers. Through this facility, they will be able to construct or buy houses at a subsidized rate, read a statement by SBP.

The government has allocated Rs33billion as a subsidy for 10 years and has assured continuity of the facility. There are three basic categories for Markup subsidy financing to be utilized by individuals according to their needs and affordability structure. All the three categories allow purchasing a house/flat/apartment up to 5 Marla or 125 sq. yards with a maximum covered area of 850 sq. feet.

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EarthLink Making History

EarthLink Making History

From making benchmark to setting the name in the field of development; Earthlink; has made its name worth remembering in a short span of 16 years. Earthlink development has earned remarkable success by providing projects like, The Grand I in the prime area of the twin cities Bahria Town Phase II.

The Grande II situated in Bahria town phase III and The Grande III built in the heart of Bahria Town Phase IV Civic center.

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Apartment Living with The Grande

Apartment Living with The Grande

Pakistan has seen a growing interest in high-rise apartment living over the past two decades. They have become the need of the time due to many reasons. Expensive living and rapid urbanization have led to an increase in the demand for housing as the total population of the country are 207 million people and it will reach 403 million in 2050, according to a report by the UN.

Earthlink Developments LLP, a leading real estate development company, has opted to go with the flow of emerging trends and needs and molded its aesthetics in accordance with modern times. Owing to the need of the hour, the company, over the past decade, has successfully delivered amazingly compatible and commercially viable apartment living projects like Grande I, Grande II, Grande III with dedicated commercial space and have set a benchmark hard to compete. The up-to-scale apartments are situated at prominent locations in Bahria Town.

Let’s dissect the reasons why people prefer to live in apartments and why builders and developers have a high interest in apartment projects. Apartments are compact, easy to maintain, secure, and furnished with facilities. Also, they fit in the pocket. Everyone wants to receive maximum advantages from their investments. And the dream is fulfilled with The Grande; a project of comfort, security, and well-being.

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The Grande Hotel; A Compelling Investment

The Grande Hotel; A Compelling Investment

Earthlink Developments LLP is successfully running an astonishingly considerable luxury project by the name The Grande Hotel which has galvanized the investment opportunities to a new level of innovation, exuberance, and profitability. For more than 16 years, Earthlink has been developing and delivering wonderful projects like The Grande I, The Grande II, and The Grande III with proven success for its investors and now the list has another name included; The Grande Hotel.

The Grande Hotel is located in Bahria Town Phase VIII with a commendable range of Gold and Platinum luxury suites that meet the demands of contemporary times. It also encompasses Shared Commercial Space including Grande Bazaar, Café Laurent, Health Club, Swimming pool, and Spa. The services and amenities available make it a truly compatible form and a tough competitor to all the luxury projects in twin cities. Let’s throw some light over The Grande Hotel with the perspective of a compelling investment opportunity in recent times thus making it a perfect package in terms of profitable and income-generating units. The Grande Gold suites have an area of 460 square feet with its distinguishable comfort living. Initially sold at Rs. 5.5 million per unit, The Grande Gold Suite has received 27.27 % appreciation and today its market value is Rs. 7 million. It also provides Rs. 50,000 monthly returns to the investor. Hence, an astonishingly profitable investment, making you feel secure and accomplished.

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