ISLAMABAD - PM Imran Khan 5 million housing scheme project gets a lucrative offer for construction.
The Association of Builders and Developers (ABAD) on Tuesday offered to construct houses under the Prime Minister’s recently launched Naya Pakistan Housing Scheme within the price tag of Rs. 1.2 million per unit.
The association disputed the figures of the total investment required for the project, adding $50 to 60 is required for the 50 million home project instead of the given $180 billion.
This was announced by newly-elected Chairman ABAD Muhammad Hassan Bakshi at a media briefing at ABAD House in Karachi. Other office-barriers and members of ABAD were also present on this occasion.
Hassan Bakshi said that the figure of $180 billion was quoted by British Pakistani property tycoon Aneel Mussarat. “But he has made the estimate by considering large houses costing Rs. 10 million or more. Pakistan needs small houses in the rural areas,” he added.
“Any unit which comprises two rooms, a bath and a kitchen is called a house. This is an internationally accepted definition of a house. This unit can be constructed on 500 to 800 Sq Ft area. This means that a housing unit can be constructed at a cost ranging between Rs. 750,000 to Rs. 1,200,000. The cost of land is not included in this pricing,” Bakshi added.