to launch crowdfunding site for property

07 Nov 2016, a property listing start-up in Pakistan, is all set to launch a crowdfunding site to pool investments in Pakistan’s growing real estate sector.

Arazi’s new product – namely NEST – will welcome an investment of as small as $1,000 U.S. from an investor, said in a report. will continue to operate as a property classified, in the mould of and

“NEST will be a separate platform, but users will be able to access it through Arazi as well,” the site’s founder Umair Sheikh told us.

“Properties available through crowdfunding will also appear in search results on Arazi.”

Sheikh is, actually, betting on investors who want to pour money into asset-backed investment avenues. “We think our model will be a huge success,” he said. finished its incubation at LUMS Center for Entrepreneurship in July last year, but it decided to pivot only two months ago. The site has local, as well as financial institution, backing.

“We will be announcing the details soon,” Sheikh said.

Pakistan has framed the regulations for real estate investment trusts (REITs). The capital market-listed players are, however, reluctant to roll out REIT products owing to some differences with the government over the capital gains tax., in its white paper, said the real estate market has assets worth $700 billion U.S. – more than double the country’s economy.


Tariq Ahmed Saeedi

Tariq Ahmed Saeedi writes stories on sharing economies in Asia – particularly Japan, Taiwan, Vietnam, Korea, Pakistan, Bangladesh and Iran. He joined the AIM Group in January 2016. Tariq is also a spotter, monitoring global marketplace industry’s updates. He carries more than 15 years of writing experience. Tariq frequently contributes economic/tech news and analysis to a daily The News International and a magazine. He has also written features and interview articles for various other publications and some of his write-ups have been cited for references in reports by the World Bank and archived in Florida Institute of Technology’s library. Tariq has also narrated corporate website content for Audi importer in Pakistan and others. He started his career from a television’s current affairs department in 2003 and later joined the country’s premier news agency Pakistan Press International.