KARACHI: Over 20,000 low-cost houses to be developed under the China Pakistan Economic Corridor’s (CPEC) Karachi Coastal Comprehensive Development Zone (KCCDZ) launched by the government.
The flagship project is located on the western backwaters marshland of the Karachi Port Trust (KPT) will provide homes for the families residing in slums living in the surroundings.
The project sprawling on 1,581 acres was announced after the 10th Joint Cooperation Committee (JCC) on CPEC, co-chaired by Pakistan’s Minister for Planning, Development and Special Initiatives, Mr. Asad Umar, and China’s Vice-Chairman of the National Development and Reform Commission Mr. Ning Jizhe.
Deemed as a game-changer by transforming the provincial capital, the multi-billion dollar project is expected to attract US$3.5 billion Chinese investment.
The environment-friendly project – an initiative of the Ministry of Maritimes Affairs is set to feature four new berths for KPT, a modern fishery port, and a majestic harbor bridge connecting it with Manora Islands and Sandspit beach.
The authorities will also work to set up an international level fisheries export processing zone and a water treatment plant to restore the marine ecosystem and reduce pollution, it was reported.
For news and blogs, visit Graana.com.
MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…
ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…
As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…
Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…
As Los Angeles County grapples with the aftermath of some of the most destructive fires…
On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…
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.
