ParkView City Introduces UBL Home Financing to Make Property Ownership Easier for Buyers

ParkView City has partnered with United Bank Limited (UBL) to introduce structured home financing options for buyers interested in plots and apartments within the housing project. The collaboration aims to make property ownership more accessible through bank-supported mortgage solutions.

The agreement was formalized through a Memorandum of Understanding (MoU), allowing potential buyers to secure financing through UBL rather than paying the entire property price upfront. Under the new financing structure, customers can purchase property by paying approximately 20 to 25 percent as a down payment.

The remaining amount will be financed by UBL through a leasing model that allows buyers to repay the bank through manageable monthly instalments. This approach is designed to make homeownership more achievable for individuals who may not have the full purchase amount readily available.

The mortgage facility will be available for buyers purchasing property in both ParkView City Islamabad and ParkView City Lahore. By extending financing options across multiple projects, the initiative is expected to attract a wider range of property buyers in major urban markets.

Real estate experts believe the partnership represents an important step toward expanding formal financing options in Pakistan’s property sector. Traditionally, many buyers have had to rely on personal savings or informal arrangements to purchase land or apartments, making property ownership difficult for middle-income families.

Vice Chairman of ParkView City, Abdur Rehman Khan, said the partnership reflects the company’s commitment to simplifying property ownership for its customers. He noted that structured mortgage financing will allow more families to invest in real estate through a practical and reliable payment structure.

According to Khan, the collaboration with UBL introduces a more organized approach to property purchases by integrating bank financing with residential development projects.

Country Head of ParkView City, Naeem Warraich, also highlighted the broader impact of the initiative on the real estate market. He described the financing option as a significant development that could boost buyer confidence and encourage more people to invest in property.

Warraich added that the program is particularly beneficial for middle-income families who previously struggled to afford property due to the requirement of paying the entire amount upfront.

Another key advantage of the financing model is the potential for apartment buyers to generate rental income from their properties. That rental income can then be used to help cover monthly instalments, creating a more sustainable repayment structure for investors.

Senior representatives from UBL attended the signing ceremony and reaffirmed the bank’s commitment to offering transparent, reliable, and structured mortgage financing solutions for customers.

Industry observers view the partnership as a positive development that could encourage more organized and bank-supported real estate transactions across Pakistan. By promoting formal financing channels, initiatives like this may help modernize the country’s property market while expanding homeownership opportunities for the growing middle class.