ISLAMABAD – PM Imran Khan 5 million housing scheme project gets a lucrativeoffer for construction.
The Association of Builders and Developers (ABAD) on Tuesday offered toconstruct houses under the Prime Minister’s recently launched Naya PakistanHousing Scheme within the price tag of Rs. 1.2 million per unit.
The association disputed the figures of the total investment required forthe project, adding $50 to 60 is required for the 50 million home projectinstead of the given $180 billion.
This was announced by newly-elected Chairman ABAD Muhammad Hassan Bakshi ata media briefing at ABAD House in Karachi. Other office-barriers andmembers of ABAD were also present on this occasion.
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Hassan Bakshi said that the figure of $180 billion was quoted by BritishPakistani property tycoon Aneel Mussarat. “But he has made the estimate byconsidering large houses costing Rs. 10 million or more. Pakistan needssmall houses in the rural areas,” he added.
“Any unit which comprises two rooms, a bath and a kitchen is called ahouse. This is an internationally accepted definition of a house. This unitcan be constructed on 500 to 800 Sq Ft area. This means that a housing unitcan 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.
