- 2021-06-18
- By Alina khan
A growing population of 212.1 million makes Pakistan the fifth most populous country of the world. With the exceeding amount of people the need for owning a house starts increasing. With a competitive market and a flourishing and growing real estate industry, people who made smart investment decisions are the ones who have become the wealthiest in the country. Today, we will highlight the top ten businessmen of Pakistan, who are renowned for their real estate possessions. These famous names own so much land that’s the leading cause of their riches today.
Malik Riaz
The greatest tycoon of real estate, the pioneer of Bahria Town, none other than Malik Riaz is number one on our list. This self-made man got all the way to the top with consistent efforts and will power. Having humble beginnings, lead with a journey of persistence and high level of focus he was able to establish the first gated community with its own power supply and futuristic architecture and development. This establishment gained such popularity in the country that giant investors were attracted towards it and helped Malik gain the status he has today. There’s no doubt about it that today Malik Riaz name resonates the whole real estate industry of Pakistan.
Rafiq M. Habib
The previous head of the house of Habib, Rafiq M.Habib, a prominent trading enterprise of Pakistan. He was the son of one of the founders. Today, Rafiq M.Habib owns one of Pakistan’s leading banks HBL, along with multiple agriculture companies, even a school and university. He has a diverse and thorough experience in the business world of Pakistan. From industries like ceramics and Tiles to Habib Insurance company. This man also leads many private firms like Toyota-Indus Motor and Habib Bank itself. He recently stepped in real-estate and has been making tons of power moves. He launched Capital Smart City and Lahore Smart city. Both these projects are developing at a steady rate and are under incredible expertise and vigilance of the man himself, resulting him to be ranked number two on our list.
Sadruddin Hashwani
This Pakistani capitalist is not just a financer but also a real estate expert and author. He is best known for his hotels, namely Pearl-Continental Hotels & Resorts, which were developed by the Hashoo Group. He is the founding body and the chairman of Hashoo Group. Last year, he was named the seventh richest Pakistani. He keeps researching and implementing new ideas in his real estate developments which make them further more attractive. Excelling in hotel business, he has also launched an exquisite housing scheme for farmhouses and resorts close to Pir Sohana. This tourist stay scheme is also filled with his creativity and unique innovations, leading him to fall third on our list.
Asif Ali Zardari
The former president of Pakistan has an extensive profile of a businessman, with pursuits in various sectors ranging from agricultural sectors to commercial properties, he has branched out his business wherever possible. Not just that he also happens to own huge lots of land in Pakistan, so much so that he has the most properties by count than any individual. All these points account for him to gain a name in the real estate world of Pakistan. He also holds major shares and investments in Bahria Town. All these factors are the reason why we have placed him forth on this list.
Mian Mansha
The richest Pakistani, and the 937th wealthiest man in the world according to Forbes magazine, Mian Mansha has been a dynamic business personality. His family started cotton business which later became the Nishat lines and is one of the biggest textile industry. Mansha is the current CEO of the Nishat group and has successfully run all ventures that they’ve started, from textile to agriculture, to even power supplies and onto real estate, Mian Mansha has been a prominent figure. Mian Mansha established their own construction and development enterprise which is called Nishat Real Estates Development Company Pvt Limited. All the successful projects and the stretches of real estate properties under Mansha’s name are the reason for his popularity.
Noor Alam Khan
Both as a public servant and as a property manager, Noor Alam Khan from Peshawar has received quite a lot of attention. It’s also renowned that he is among one of the highest tax payers in the parliament, due to his various land holdings throughout the country. His real estate possessions give us a strong insight into his businessman mind. Not only does he have many commercial properties but also agricultural lands falling under his name. He also joined hands with Malik Riaz for the collaborative project inauguration of ‘Bahria Town Peshawar’.
Nasir Schon
This distinguished entrepreneur and CEO of Schon Group holds a strong reputation and name in the Pakistan business community as well as real estate. His firm works on many projects worldwide from Dubai to Singapore. However, in mid 1990s, Schon ended his financial pursuits in Pakistan and moved to UAE. Still, his name and his work is unparalleled and hence requires a honorable mention on our list.
Salman Iqbal
Leading one of the biggest media groups of Pakistan, ARY digital, Salman Iqbal has been growing and expanding his business. ARY group has been branching out and has started different ventures like in jewelry, cricket and recently even in real estate. They collaborated with DHA and launched a real estate project of their own called ARY Laguna. This venture consists of innovative ideas like the development of Pakistan’s first artificial beach with tourist centers and construction of the highest tower in the whole of South Asia. This significant establishment has made Salman Iqbal receive a lot of good attention and publicity in the real estate sector, and hence an essential mention on our record.
Saad Nazir
This young business executive with a strong involvement in the construction of Center Park Lahore, along with other major projects like being a part of PIA co-operative society and Blue Sapphire. He was a prominent member in raising the whole project named Blue World City. This gave him a dynamic boost in his career and a lot of recognition in the field among a lot of leading real estate tycoons. Government has decided to ally him and decided to begin a joint venture under the name of Naya Pakistan Housing Scheme with Saad Nazir, restating all the potential in this individual in regards to real estate.
Bayram D. Avari
The last name itself reminds us of the glorious Avari Towers, the five stars hotel that are incomparable to any other hotel in its competition. Bayram D.Avari is the current leading member and the CEO behind the genius of this majestic hotels enterprise. Holding properties all around Pakistan, in Dubai and even in Canada, this man seems to be an expert at handling and managing these properties. Although he resides in Pakistan overseas real-estate doesn’t seem to intimidate this real estate specialist. His noteworthy running of hotels in Pakistan makes him one of the top contenders of Pakistani real estate.
Conclusion
As a whole it’s clear that people from different professions can excel in real estate in Pakistan only with experience and time. Hope this list inspires you to carry on with your pursuits and maybe someday your names falls into this same list.!
