A Memorandum of Understanding (MoU) was signed between the Defense Housing Authority (DHA) and Eighteen by Elite Estates Pvt. Ltd. (EEPL), a subsidiary of ORA developers, a well-known international real estate development corporation, with the goal of encouraging property development cooperation. Elite Estates Pvt. Ltd. and the Joint Ventures Cell of GHQ Rawalpindi, Defence City Karachi, have signed a memorandum of agreement.
Brigadier Imran Naqvi, Executive Director Business Planning, DHA City Karachi; Mr. Tarek Hamdy, CEO of Elite Estates Pvt. Ltd.; and Brigadier Muqeem Ahmed Subhani, Director of Joint Ventures Cell at GHQ, all signed the Memorandum of Understanding. Brig. Sohail Imtiaz, Administrator of DHA Karachi, and other senior officials were also present.
The partnership between DHA, Defense City Karachi, and Askari Housings represents a commitment to research and implement collaborative concepts for the development of residential/commercial flats, shopping malls, golf courses, community clubs, hotels, and entertainment facilities.
Tarek Hamdy, CEO of Elite Estates Pvt. Ltd., reacted on the latest developments, saying, “We are excited about the opportunities that this MoU brings forth.” By cooperating with DHA, we are committed to use its real estate development knowledge to build projects of the highest quality.
Brigadier Muqeem Ahmed Subhani, Director of GHQ’s Joint Ventures Cell, stated, “Our communities will benefit from our shared goal of sustainable growth and excellence in real estate.” We aspire to create iconic sites that enhance the quality of life for communities through our collaboration.
