Pakistan’s largest real estate portal, Zameen.com, and Allied Bank Limited (ABL) have signed a Memorandum of Understanding (MoU) on Thursday to facilitate home-financing for consumers.
The MoU was signed during a meeting at Zameen.com’s Lahore Centre office. Zameen.com was represented by Country Head Ahmad Bhatti, Senior Director Central Shuja Ullah Khan, and Manager Banking Umer Farooq, while the ABL team included Group Head Hussein Bakhtiari, Regional Head Ibrahim Hasan Syed, Regional Head Maqsat Hussein, and Unit Head Ayesha Qadeer Khan.
The MoU will enable Zameen.com’s consumers to benefit from Allied Bank Home Financing facility for purchase, construction and renovation of their homes. On the other hand, house financing leads received by Zameen.com shall be directed to ABL.
Speaking on the occasion, Zameen.com Country Head Ahmad Bhatti said that the company’s name had become synonymous with transparency and reliability, which is why the country’s leading institutions were interested in partnering with it.
“Our website now records more than 5.5 million visits per month and this MoU will benefit not just our customers but the real estate industry as a whole,” he said.
Group Head ABL Tahir Hussein Bakhtiari said that this agreement with Zameen.com would help Pakistanis get their dream homes at affordable rates. “It will cater to housing demand as well as help the wider economy,” he said.
“Zameen.com Country Head Ahmad Bhatti said that the company’s name had become synonymous with transparency and reliability ”
Folks. he is kidding.
Zameen in cahoots with dealers misinforms, misrepresents and out right scams people who rely on Zameen.com Ads to buy/rent out properties.
E.g. Most listings are fake. i.e. When you call a dealer they don’t have that property that they listed.
If the property is real then some of them will use fake pictures homes to lure the customer.
Dealers outright lie on their listing about properties. E.g. fake prices. fake details of property. Fake info mixed with real info.
User of Zameen cannot report.
Zameen will not take action against dealers for these malpractices because they make most of their money from these dealers.
Buyer beware! Do you own research and due diligence and do NOT trust information provided of Zameen.com and dealers in listings/ads.
I have my own land plot measuring 86 Marlas. Can I get loan for construction of housing ? Where to apply & how much I can be financed ? Please guide me. Thanks.