Javedan Corporation Limited

The Arif Habib Group holds a substantial stake in Javedan Corporation Limited (JCL), which originally began as a cement manufacturing plant in 1960. As the city expanded and residential areas grew around the facility, environmental concerns led to the plant’s closure. In its place, the visionary Naya Nazimabad housing society was developed, transforming the heart of Karachi. Spanning 1,366 acres and located just 2 km from Sakhi Hasan, North Nazimabad, this project not only revitalized the area but also set the stage for positive developments in the surrounding neighborhoods.

Naya Nazimabad stands out as a pioneering, fully self-owned real estate development of its era. It offers an impressive range of amenities, including an international standard cricket stadium, football and basketball facilities complete with academies, and lush green spaces featuring award-winning trees. The community also includes a grand mosque with a spacious, column-free prayer hall, top-tier educational institutions, a medical center, a hospital, and a bustling commercial precinct.

As Naya Nazimabad continues to flourish, it is rapidly evolving into a vibrant, thriving community. With new residents moving in and countless homes in various stages of construction and approval, the area offers an unmatched lifestyle in one of Karachi's most densely populated regions. The completion of a 1.6-kilometer-long flyover connecting Sakhi Hasan to Naya Nazimabad’s entrance has further enhanced access for residents.

A pioneer in setting trends, the Arif Habib Group introduced a series of apartment projects under the innovative REIT model, which received an enthusiastic response. Looking ahead, even more apartment and commercial projects are in the pipeline. Additionally, the Naya Nazimabad Gymkhana has opened its doors, with memberships rapidly filling up. This collective progress cements Naya Nazimabad’s status as a beacon of urban transformation, leaving a lasting impact on Karachi’s landscape.