FGEHF to launch phase-II of Bhara Kahu scheme
Foundation finalises agreement for acquiring 20,000 kanals of land
Foundation finalises agreement for acquiring 20,000 kanals of land. PHOTO: FILE
ISLAMABAD:
The Federal Government Employees Housing Foundation (FGEHF) has finalised an agreement for acquiring 20,000 kanals of land to build phase-II of the Bhara Kahu Housing Scheme.
The new scheme is expected to be launched under a public-private partnership which would see a private firm provide a plot measuring one kanal to government employees at a rate of Rs3.5 million, said FGEHF Director General Waqas Mehmood.
He said that the foundation had tried to complete a survey of built-up property (BUP) in a sub-sector of Sector G-14 with help from the Punjab Urban Unit and the matter has now been forwarded to the Land Award Collector.
Warning detractors, Mehmood said that attempts were being made to create a wrong impression about schemes of the FGEHF even though the foundation had worked hard to provide low-cost housing to government employees and launched several schemes over the past four years.
Talking about the land acquisition process, he said that it was a difficult process but the foundation was working on it and that 18,000 members of the body had expressed their interest in the Bhara Kahu Housing Scheme.
In this regards, he said that the foundation had finalised agreements for acquiring land for the project through public-private sector partnership – expected to be implemented over the next few months.
He said that in phase-II of the project, a one kanal fully developed plot would be available for government employees to purchase at a rate of Rs3.5 million.
While replying to a question, he said it had been decided that FGEHF would buy land for the proposed extension of the Bhara Kahu project. However, due to the high cost of developing the land, the land would be available at the set rates.
He added that owing to objections from the Capital Development Authority (CDA) and the lawyers fraternity, they had stopped the sale of small plots for lower-income employees in the Park Road Scheme and Sector F-14.
Asked about the development of other sectors and schemes, Mehmood said that the FGEHF had allocated Rs1.76 billion for developing Sector G-13 and a separate Rs370 million had been earmarked for reconstructing its Markaz.
Published in The Express Tribune, September 16th, 2017.
The Federal Government Employees Housing Foundation (FGEHF) has finalised an agreement for acquiring 20,000 kanals of land to build phase-II of the Bhara Kahu Housing Scheme.
The new scheme is expected to be launched under a public-private partnership which would see a private firm provide a plot measuring one kanal to government employees at a rate of Rs3.5 million, said FGEHF Director General Waqas Mehmood.
He said that the foundation had tried to complete a survey of built-up property (BUP) in a sub-sector of Sector G-14 with help from the Punjab Urban Unit and the matter has now been forwarded to the Land Award Collector.
Warning detractors, Mehmood said that attempts were being made to create a wrong impression about schemes of the FGEHF even though the foundation had worked hard to provide low-cost housing to government employees and launched several schemes over the past four years.
Talking about the land acquisition process, he said that it was a difficult process but the foundation was working on it and that 18,000 members of the body had expressed their interest in the Bhara Kahu Housing Scheme.
In this regards, he said that the foundation had finalised agreements for acquiring land for the project through public-private sector partnership – expected to be implemented over the next few months.
He said that in phase-II of the project, a one kanal fully developed plot would be available for government employees to purchase at a rate of Rs3.5 million.
While replying to a question, he said it had been decided that FGEHF would buy land for the proposed extension of the Bhara Kahu project. However, due to the high cost of developing the land, the land would be available at the set rates.
He added that owing to objections from the Capital Development Authority (CDA) and the lawyers fraternity, they had stopped the sale of small plots for lower-income employees in the Park Road Scheme and Sector F-14.
Asked about the development of other sectors and schemes, Mehmood said that the FGEHF had allocated Rs1.76 billion for developing Sector G-13 and a separate Rs370 million had been earmarked for reconstructing its Markaz.
Published in The Express Tribune, September 16th, 2017.