Real Estate is an important financial option for generating income or profits whether people are renting, buying, developing or selling properties. Buying a house can be stressful and sometimes it is just plain difficult. To make it easier, about 30% of people who are buying or selling homes get help from real estate companies. In Pakistan, the real estate market is consistently growing but sadly, it also carries risks and requires cautious research and planning for the best real estate companies in Pakistan. Pakistan’s real estate sector is valued at around $1.8 trillion. According to the Pakistan Bureau of Statistics, real estate sector contributes 7% to Pakistan’s GDP.

With the rate of urbanization that Pakistan has been facing, there is a rising need for urban planning. The Real Estate market in Pakistan is expected to grow by 7.04% (2024-2028) reaching a total market value of US$2.77 trillion in 2028. In 2023, the housing gap in Punjab was around 2.3 million units, this number is expected to reach the figure of 11.3 million units by the end of 2047. To meet this need, our Tashheer research team compiled a list of the top 8 Real Estate Development companies in Pakistan. These leading companies develop their projects in all cities of Pakistan including Islamabad, Lahore, and Karachi.

Best 8 leading Real Estate Development Companies in Pakistan

Explore the premier real estate development companies in Pakistan that are leading the industry. We’ve curated a list of the top 8 companies renowned for their excellence in creating remarkable projects across the nation.

Bahria Town

Bahria Town (Private) Limited is a privately owned real estate development company and a business group that develops, owns, and manages multiple properties across Pakistan. It was first time founded on January 14, 1997, by Malik Riaz Hussain, now controlled by Shaheryar Ahmed Malik Riaz. It launched its first gated community in Islamabad and the second gated community established in Lahore. In 2015, they opened Bahria Town Karachi, the largest of their gated communities while Bahria Enclave Islamabad (established in 2013) is the smallest. Many communities like Southern Islamabad’s oldest spanning 40,000 acres and the under-construction Bahria Town Karachi considered the country’s largest private residential community at 16,000 hectares (40,000 acres). They have 160,000 employees, 250,000+ customers, 100+ projects completed, and 23 years of experience.

Google rating (3.9)

Bahria Town’s Project in Pakistan

Communities / Town

Shopping Malls

• Mall of Lahore: 60,000 m2 commercial space, houses over 70 stores.
• Mall of Islamabad: Under-construction 25 story tower in Blue Area.
• Mall of Karachi: In Bahria Icon Tower in Karachi.

Hospitality

In November 2016, Hyatt Hotels Corporation and Bahria Town Group agreed to develop four properties in Pakistan worth over $600 million, listed as:

Defence Housing Authority

Defence Housing Authority (DHA) is a real estate developer in Pakistan managed by the Pakistan Army. It was first time founded in 1975 by Muhammad Zia-ul-Haq. It takes care of housing and services for Defense areas throughout the country. It is the biggest housing community in Pakistan, established by a law in 2002. The Defense Secretary leads it and the Pakistan Army manages it. Their primary aim was to develop a residential community for current and retired military staff and employees in the 1970s, now selling most plots to civilians with some reserved for armed forces, martyrs’ families and employees on installment plans (10-20 years). DHA now allows the construction of communities and commercial buildings. The success of the first Karachi project placed the foundation for future DHAs in further major cities of Pakistan.

Google rating (4.4)

Major Offerings Defence Housing Authority

List of Major Projects by DHA

Here is a list of major projects by the Defence Housing Authority (DHA) in Pakistan:

Habib Rafiq

Habib Rafiq (Pvt.) Limited was first time founded in 1977. Habib Rafiq (Pvt.) Limited has come a long way to symbolize distinction, commitment, and professional excellence by meeting the demanding, rigorous, and extraordinary work requirements of high engineering, national, and international importance involving electrical, civil and mechanical works for the last 50 years. They have played an important role in prestigious construction and engineering projects in Pakistan, earning an ISO 9000 certification for their first-class quality management. Their name Habib Rafiq is widely recognized for their commitment to quality and professionalism. Now it is the company’s privilege to be working in housing, infrastructure, design, and environmental areas other than its strong standing in industrial projects for chemicals, power, roads, universities, petrochemicals, motorways, and buildings.

Google rating (4.3)

List of Major Projects by Habib Rafiq

Here is a list of some notable projects by Habib Rafiq:

Infrastructure

Paragon Constructors

Paragon Constructors is the flagship company of Paragon Group of Companies founded in 1991 by Baber Siddiqui. Placing its first foundations 34 years ago, Paragon has since transformed the shape of the construction industry in Pakistan. With projects varying from expansive retail malls to up-to-date modern buildings towering above the skyline, Paragon has added another dimension to Pakistan. Paragon Developers represent their motto of speed, quality, client satisfaction and better relationships. Each Paragon project starts with a vision, aiming for “A new beginning. A better life”. Their current projects are Rafi Cricket Stadium and Creek Marina Karachi. Paragon Constructors has won numerous awards and recognitions for its work including Aga Khan Award for Architecture, Excellence in Construction Award, and The Builder’s Choice Award.

Google rating (4.4)

Projects Offered by Paragon Constructors

Completed projects

• Dolmen Mall – Karachi, Pakistan
• Emaar Plot 7 – Karachi, Pakistan
• Dolmen City Tower – Karachi, Pakistan
• Bahria Hotel Tower – Karachi, Pakistan
• IBECH – Islamabad, Pakistan
• Creek View – Karachi, Pakistan
• Karachi Club – Karachi, Pakistan

Current Projects

• Grand Mosque – Karachi, Pakistan
• Shaukat Khanum Memorial Cancer Hospital – Karachi, Pakistan
• Rafi Cricket Stadium – Karachi, Pakistan
• The Views – Karachi, Pakistan
• Creek Marina – Karachi, Pakistan

GFS Builders

GFS Builders & Developers is a leading real estate company based in Karachi, Pakistan. It was first time founded by Mr. Irfan Wahid in 2008, serving low-cost housing to their customers by conveying high-standard services to their clients. They are projected real estate developers offering a complete range of investment consultation services and construction services while maintaining a dense foundation of trust and mutual respect generated through a positive relationship with clients, architects, engineers, subcontractors, and suppliers. Their notable projects include Masjid Gulshan-e-Jamal, Mega Sarafa Bazaar, and Askari Housing Society. Primarily operating in Karachi, GFS Builders has now expanded their presence to other major cities like Hyderabad and Sukkur. GFS Builders goes beyond just residential projects, engaging into commercial spaces, mosques, hospitals, and market development.

Google rating (4.7)

List of all Projects Offered by GFS Builders

• 7 Wonders City Multan
• GFS Cattle City & Farmhouses
• Corner View Apartments
• Chase Mall Sukkur
• Professors Residency
• MRR Square Mobile Mall
• GFS Jodia Bazaar
• GFS Saddar Bazaar
• MRR Square Roshan Bazaar
• MRR Square 1
• MRR Enclave 2
• New Jackson Market
• Mega Sarafa Bazar
• Classic Residency
• Peaceview Apartments
• Seven Wonders Enclave
• DHA Multan Villas
• DHA Villas Bahawalpur

Al Ghurair Giga

Al Ghurair Giga Pakistan (Private) Ltd leading real estate business group, holds itself responsible for the distribution of farsighted, exceptional, and eco-friendly projects. The Giga Group was founded by Haji Abdul Rahim Giga in 1956. AGGPPL’s main focus is on developing and enhancing the places where people work, live and play by understanding the altering necessities of societies as they step into the future and hence distributing sustainable developments of distinction on time and within budget. AGGPPL’s main focus in Pakistan is real estate combined development which includes multimillion USD projects like Goldcrest Dubai and Giga Mall Islamabad. Their largest project is a mall in Islamabad, Giga Mall, is a multistory complex that has more than 200 local and international brands under one roof including best makeup brands, clothing, perfumes, sking care, and much more. In their logo, Blue represents the sea and the horizon. It is associated with open spaces, expansiveness, imagination, inspiration, freedom, trust, sincerity, freedom, and intelligence.

Google rating (4.1)

List of Projects Offered by Al Ghurair Giga

Park View City

Park View City is a CDA-approved leading real estate development company owned by Vision Group it was first time launched in 2012 and headed by Aleem Khan. Their biggest project is Park View City Islamabad spans approximately an area of 7,000 Kanal – 14,000 Kanal of land with several commercial and residential blocks. It is located near Bahria Enclave, bounded by the lush green environs of Bani Gala with the most mesmerizing sceneries, 20 minutes away from the central location of Islamabad. Their housing society has a 400 ft wide Main Boulevard which grants direct entry from the highway into the society. Park View City projects also feature upscale amenities like parks, mosques, schools, and commercial centers, targeting to provide a luxurious lifestyle for residents. Today, they have two successful residential societies in Pakistan named as Park View City Lahore and Park View City Islamabad.

Google rating (4.4)

Projects by Park View City

Lahore

Islamabad

Emaar Pakistan

Emaar Pakistan is a subsidiary of the Dubai-based real estate development company Emaar Properties. The company develops their commercial and residential projects in different cities of Pakistan including Emaar OceanFront, Karachi (previously called as Crescent Bay, Karachi) and Canyon Views, Islamabad. In May 2006, the Defence Housing Authority and Emaar Pakistan signed an agreement of understanding to construct Crescent Bay, Karachi. In 2007, Emaar started construction of Crescent Bay.  In 2006, Emaar Pakistan proclaimed to develop over 100 acres of mixed-use Canyon Views in Islamabad at a cost of around US$2.4 billion. Mr. Sohail Baig serves as the present CEO of Emaar Pakistan, Mr. Ali Baig is the Head of Finance, Mr. Haris Khan is the Head of Customer Services, and Mr. Faizan Karim is the Head of HR.

Google rating (3.2)

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Biggest Projects by Emaar Pakistan

• Emaar Oceanfront (previously known as Crescent Bay) – Karachi
• Canyon Views – Islamabad
• Emaar Park Avenue – Lahore
• Emaar Business Square – Karachi
• Emaar South Karachi

Ranking Top 8 Real Estate Developer in Pakistan

Here is the list of Pakistan’s Top 8 Most Progressive Real Estate Developers, mentioned as: