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PHA-Maymar JV Company (Pvt) Limited

Pakistan Housing Authority, (PHA) Ministry of Housing & Works while pursuing the Prime Minister’s Housing Program developed a unique model of Public-Private partnership in which there is no financial liability on the part of the government / PHA whereas the developer has to develop the housing units on its own land with its own investment. Based on this, PHA has signed a MOU with Maymar Housing Services (Pvt) Ltd. (Maymar) and after following all the laid down procedure, a Joint Venture agreement was drafted & submitted for legal vetting by Ministry of law.

After completion of vetting procedure, the Joint Venture agreement was signed on July 16th, 2009 between the President of Pakistan through PHA & Maymar to develop, construct and sell 8000 apartments under PM’s..... <READ MORE>