KARACHI – JS Investments Limited (JSIL) and Gohar Developers have partnered to introduce Pakistan’s first Shariah-compliant hybrid hotel REIT, marking a milestone in sustainable real estate investment.
The JS Hotel REIT (JSHR) will feature a 139-key premium hotel operated under a global hospitality brand in Hyderabad, Sindh. The project integrates environmentally responsible construction practices, catering to the growing demand for sustainable infrastructure in Pakistan’s urban centers.
Following SECP’s regulatory approvals, the fund is now open for local and international accredited investors. The Gohar Group of Companies has joined as a founding strategic investor, contributing land and equity to the venture.
JSIL CEO Iffat Zehra Mankani emphasized that the REIT offers institutional-grade real estate investment, ensuring transparency, strong governance, and accessibility for investors. Gohar Developers Chairman Muhammad Hanif Gohar highlighted the economic impact, stating that the project will position Hyderabad as a hub for business and tourism.
This initiative builds on JSIL’s leadership in real estate fund management, following the successful launch of JS Rental REIT in 2022.
