Over 10 years- the journey from American Real Estate to Affordable Housing in Pakistan…
AMC is a social enterprise started in 2008 by Abdul Jawad Aslam with the dream of bringing real change to the housing sector in Pakistan by making affordable, quality housing accessible to the average Pakistani.
This is the story of a visionary man who set out to change the face of the housing sector in Pakistan and is now making the dreams and aspirations of every Pakistani to own their own home, a reality. The history that unfolded can be viewed on the time line below…
Jawad leaves real estate in the US in search for more meaningful work in Pakistan
Jawad discovers Saiban, the only entity dedicated to working for low income housing in Pakistan and is moved by their powerful model and agrees to lead their newest project in Lahore, Khuda Ki Basti 4—a project funded by Acumen Fund
Jawad is selected to become a Global Acumen Fellow. He spends the year continuing his work at Saiban while developing a business plan to turn the Saiban concept to for-profit and scale it
After taking permission from Tasneem Siddiqui, Jawad launches AMC and Acumen invests with a 30% stake in the company
Bamboo Finance and Acumen invest in the first project of IPL, a hundred acre project on the outskirts of Lahore
The government of Punjab seeks the help of AMC to develop a platform to catlyse the low income housing markets in the province. Punjab Land Development Company is born with the intent to facilitate the private sector to enter the space of affordable housing
AMC introduces a low cost modern village concept post 2010-floods—that is primarily driven by community support. The Pakpur Foundation and Engro Corp establish the first villages of the AMC model with success in Punjab and Sindh
After obtaining preliminary approvals from authorities, the direct access road of the IPL project is demolished due to political reasons—and with that the prospects of providing homes to 3000 people was gone….
HI meets with AMC and sees the workings of a well thought out model and agree to invest in AMC projects all across PK
AMC start business scale up