ParkView City has partnered with United Bank Limited (UBL) to introduce structured mortgage financing for buyers of plots and apartments, aiming to make homeownership more accessible for Pakistan’s middle-class population. The collaboration was formalized through a Memorandum of Understanding (MoU), which outlines a financing model that allows customers to pay approximately 20–25 percent as a down payment, with the remaining balance financed by UBL through a leasing structure and manageable monthly instalments.
The initiative is expected to transform the way homebuyers in Pakistan access real estate, enabling families to purchase property through formal banking channels rather than paying the full amount upfront. Beyond providing access to plots and apartments, the facility also allows apartment buyers to generate rental income, which can be applied toward their monthly bank instalments, making property ownership financially viable and sustainable for middle-income families.
The structured mortgage financing facility will be available for both ParkView City Islamabad and ParkView City Lahore, expanding opportunities for prospective homeowners across major urban centers. This move reflects growing collaboration between the banking and real estate sectors in Pakistan, aiming to streamline property purchases while strengthening the financial ecosystem supporting the housing market.
Speaking at the signing ceremony, Vice Chairman of ParkView City, Abdur Rehman Khan, emphasized the transformative potential of the collaboration, stating that structured mortgage solutions would make homeownership practical and accessible for a wider segment of the population. He highlighted that the partnership reflects a long-term vision of bridging the gap between property affordability and financial planning for families seeking residential solutions.
Country Head of ParkView City, Naeem Warraich, noted the broader implications of the initiative for Pakistan’s real estate sector. He described the collaboration as a “game-changer,” strengthening buyer confidence and creating pathways for middle-income families who previously faced financial hurdles in securing property. The structured mortgage approach is expected to encourage more organized, bank-supported transactions, improving transparency and reducing the risks associated with informal property deals.
Senior officials from UBL also participated in the ceremony, reaffirming the bank’s commitment to providing transparent, reliable, and flexible mortgage solutions that align with the needs of contemporary homebuyers. The bank emphasized that such partnerships are essential to expand housing finance accessibility, promote financial inclusion, and contribute to the growth of Pakistan’s formal real estate sector.
Industry observers have welcomed the collaboration, noting that integrating banking solutions with real estate development can set a precedent for other projects and developers across the country. By facilitating structured financing, the initiative addresses long-standing barriers to homeownership, fosters rental income utilization, and strengthens confidence in formal mortgage systems.
With Pakistan’s housing demand rising, particularly among the middle class, the ParkView City and UBL partnership represents a significant step toward structured, bank-backed solutions in the real estate market, promising improved affordability, financial planning options, and sustainable growth for the sector.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem