Javedan Corporation Limited, doing business as Naya Nazimabad (Urdu: نیا ناظم آباد), is a housing project that is being developed around the Manghopir Lake.

[2] In 2020, the heavy rain in Karachi caused some blocks of the housing project to be flooded because of inadequate sewage and water disposal lines, the management was said to have taken measures to avoid such disasters in the future.

The new owners almost immediately stopped production, dismantled the cement factory and converted the 1,300 acres JCL land into a housing project worth over Rs.

[9] A case was filed in the Sindh High Court (SHC) against the Naya Nazimabad residential scheme near Manghopir that has allegedly been launched despite a report claiming that the area has been used dumping ground for factory waste.

[10] A study commissioned on the directives of the Supreme Court of Pakistan has found that the populations residing in Gadap Town and nearby areas may be affected by chemicals as it is air-borne.