KARACHI: A leading real estate company of Dubai Samana Developers has signed two joint venture agreements with Defence Housing Authority (DHA) to explore and develop mixed-use residential and commercial projects across various Defence Housing Authorities (DHAs) in Pakistan, with primary focus on DHA Islamabad and DHA City Karachi.
The agreements were signed on the sidelines of the busy International Property Show Dubai between Mr. Imran Farooq, CEO of Samana Developers, and Brigadier Muqeem Ahmed Subhani, Director Joint Ventures Cell at Defence Housing Authority, along with the presence of high officials from both sides. According to a statement issued on Tuesday, the partnership marks the commencement of a new era of luxury developments across Pakistan.
The parties will delve into the feasibility and potential of transformative projects, covering a spectrum of developments, from infrastructure to entertainment arenas, hospitality hubs, and residential complexes.
Simultaneously, Samana Developers initiated a strategic partnership with Pakistan Defence Officers Housing Authority City Karachi (DCK). This JV, also inked at the International Property Show, centres around exploring and developing mixed-use entities within DHA City Karachi.
DHA City Karachi joint venture was led by Brig Syed Imran Naqvi (Retd), Executive Director Special Projects at DHA City Karachi, and Imran Farooq, CEO of Samana Developers, focuses on evaluating a substantial 7.4-acre land bank in the Healthcare District of DHA City Karachi, with an aim to bring forth residential and commercial projects aligned with the developmental vision of DHA City Karachi.
Imran Farooq, CEO of Samana Developers, while expressing optimism about the significant milestone, commented: “Our entry into Pakistan’s real estate market is a landmark moment. We are eager to contribute our expertise and resources to the development of high-quality projects in Pakistan, starting from Islamabad and Karachi, and setting new benchmarks for quality and innovation in Pakistan.”
Samana Developers envisions these partnerships as a catalyst for sustainable urban development in Pakistan. The commitment to exploring and developing mixed-use entities underscores a dedication to creating communities that seamlessly blend residential, commercial, and recreational spaces.
As these strategic collaborations progress, Samana Developers remains committed to not only meeting the current needs of Pakistani cities but also envisioning a future where innovative urban planning contributes to the overall well-being and prosperity of the communities involved.
These strategic partnerships reflect Samana Developers’ dedication to fostering international collaborations and contributing to the growth and development of the real estate sector in Pakistan. As the progress on the partnership unfolds, the collaboration is expected to usher in a new era of visionary projects, setting benchmarks for quality, innovation, and sustainable development.
Samana Developers forges strategic joint venture with DHA
