LAHORE: The construction contract for Zameen Opal, Zameen Developments' first project in Lahore, was awarded to Mukhtar Sons Construction (Pvt) Ltd in a brief ceremony held at the Zameen.com Head Office in Lahore on Thursday.
Zameen.com CEO Zeeshan Ali Khan and Mukhtar Sons CEO Mr. Umair Amjad Mukhtar signed the formal agreement on behalf of their companies.
Khan said the company had launched Zameen Developments for a specific purpose: on the one hand there was a sizeable housing shortage in the country, while on the other space for housing was fast diminishing in large cities. The only viable solution, he said, was therefore vertical construction.
Zameen Developments Director Fahad Arif Khawaja said one of the biggest problems in the construction market was that developers announced dates of completion of projects without proper research and analysis.
“But Zameen Developments is different, you will see that our projections are always on the mark," he said.
He also said that Zameen Opal was Zameen Developments' first project in Lahore and the company would never compromise on quality or timelines. “That is why we have engaged one of the best construction companies in the country to build this project," he added.
Zameen Developments is currently working on five property projects across Pakistan, with a similar number slated to be launched soon.