Pakistan’s First Shariah-Compliant Green Hotel REIT Launched in Hyderabad

Karachi: JS Investments Limited, in collaboration with Gohar Group of Companies, has announced the launch of Pakistan’s first Shariah-compliant hotel real estate investment trust (REIT) in Hyderabad, Sindh. The JS Hotel REIT (JSHR) is a hybrid model featuring a globally recognized hotel brand and is now open to investments from accredited investors.

The launch follows regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP) and marks a significant investment milestone. The Gohar Group of Companies, joining as a founding investor, has committed both land and equity to the project. The hotel, consisting of 139 keys, represents a franchise model of a renowned international brand, aiming to introduce institutional-grade real estate to Pakistan’s growing hospitality sector.

JS Hotel REIT is designed with sustainable construction practices to meet the demand for environmentally responsible infrastructure. Iffat Zehra Mankani, CEO of JS Investments Limited, expressed optimism about the project, highlighting its potential to contribute to Pakistan’s economic development through professional management and adherence to international hospitality standards.

Hyderabad, experiencing a surge in commercial activity and tourism, sees this development as addressing the gap in hospitality infrastructure. Muhammad Hanif Gohar, Chairman of Gohar Developers, emphasized the partnership’s goal of transforming Hyderabad into a business and tourism hub, leveraging Gohar Group’s extensive experience in multiple sectors.

The launch of JSHR builds on JSIL’s previous success with JS Rental REIT, furthering its commitment to expanding access to regulated real estate investments. The REIT structure promises transparency and governance, appealing to institutional investors.

The announcement clarifies that JSHR is currently offered through private placement, with units not available to the general public. Interested accredited investors are advised to consult offering documents and professional advisors before proceeding with investments.