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.
For news and blogs, visit Graana.com.
Karachi: Pakistan’s foreign exchange reserves posted a slight increase during the week ending August 15,…
Lahore: The Punjab government has given the green light to the long-awaited PKR 50 billion…
The Punjab government has introduced another major initiative aimed at improving public convenience in Lahore.…
Lahore: The Provincial Development Working Party (PDWP) has approved development projects worth PKR 15.76 billion…
LAHORE – The Lahore Chamber of Commerce and Industry (LCCI) on Sunday announced an emergency…
RIYADH – Outstanding loans from Saudi banks climbed to SR3.2 trillion ($849.7 billion) in June,…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
