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Pakistan

One of our priority countries, Reall has been operating in Pakistan since 1992, and undertaking our more commercial strategies since 2014.

With a housing backlog of 9 million homes and an annual housing shortfall of 270,000 homes, the need in Pakistan is huge. Besides the shortage of available housing, inflation and the rising trend in prices make home ownership even further out of reach for the average Pakistani each year. Housing finance in Pakistan is notably underdeveloped, only 1,500 new mortgages are extended annually, and the large majority of these are offered to borrowers living on middle and higher incomes.

Through Ansaar Management Company (AMC), Reall has financed housing projects in Faisalabad, Lahore and Peshawar. As well as the hundreds of homes and plots completed so far, considerable success has been realised in developing an agreement with HBFC Bank to provide mortgages for AMC’s clients, with many now receiving these mortgages, and in setting up one of Pakistan’s first employee-owned housing schemes with Sitara Chemical Industries Ltd. AMC are also a member of the government’s Affordable Housing Panel.

People Housed 949
Jobs Created 2,403
People with Improved Water 949
People with Improved Sanitation 949
Women and Children Housed 703
Number of Projects 7
Avg. Basic Home Completion Cost (Last 5 Years) $ 7,038
Total Invested $ 12,579,044

Delivery of Homes

Houses

Basic Homes
1931
Total Expected
327
Complete
1604
In Progress
rental homes
102
Total Expected
41
Complete
61
In Progress

Other Products

land plots
1781
Total Expected
338
Complete
1443
In Progress

Client Data

Household Demographic Data
Household Size
4.59
Proportion Female
54.9
Proportion Children
38.6
Proportion Elderly
3.1
Proportion Disabled
0.5

Pakistan Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PKR 2,017,674,801
$ 12,579,044
Loans
PKR 1,924,900,801
$ 12,000,651
Grants
PKR 92,774,000
$ 578,393

Based on exchange rate on 31/10/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PKR 847,187,206
$ 5,281,726
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PKR 492,933,936
$ 3,073,160

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Data last updated on 10/12/2020