Naya Nazimabad (Urdu: نیا ناظم آباد) is a housing project that is being developed, built around the Manghopir Lake. Naya Nazimabad Cricket Stadium is the home ground for the Karachi Kings, a PSL franchise owned by ARY's CEO Salman Iqbal. The land was given initially for mining to the Javedan corporation for a mining lease only. Later, Arif Habib Ghani and Aqeel Karim Dhedhi, a business cartel, bought it with the help of government authorities for a fair price and launched a housing project.
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