ISLAMABAD: Executive committee of Federal Government Employee’s Housing Foundation has approved to purchase of 20000 Kanal lands for extension in Bhara Kahu Housing Scheme (BKHS) under joint venture formula.
Sources said that the approval was accorded during a meeting held under Shahrukh Arbab secretary housing and works.
All members of executive committee with housing foundation directors attended the meeting.
Executive committee has jointly approved the purchasing of land at the cost of Rs 4, 00,000 per kanal in Bhara Kahu under joint venture policy approved by Federal cabinet.
Rs 25,00,000 per kanal on account of development expenses were approved and in this way the one Kanal plot will cost Rs 29,00,000.
Sources said that offer a private firm has been accepted which will provide 20,000 Kanal land for Bara Kahu scheme.