The House Building Finance Corporation (HBFC) has inked 3-MoUs with Gwadar Development Authority (GDA) and District Nazim, Gwadar. These are for design, development and construction of small and medium-cost housing scheme on a 63 acres piece of land in Gwadar.
Under another MoU, HBFC will be financing GDA's Gohrab low-cost housing scheme, being developed for providing shelter to the needy and poor people of Gwadar, primarily the fishermen. The Gohrab Housing Scheme is to create habitat for very low income people and is being developed on the concept of "incremental housing" so as to match the affordability of the target market. Speaking on the occasion, Director General Gwadar Development Authority Ahmed Baksh Lehri said that GDA will lend its full support to these schemes to ensure that these are equipped with all civic amenities and infrastructure.
Briefing on this Zaigham Mahmood Rizvi, Chairman/CEO said that the HBFC's above ventures of developing and financing the much needed houses in Gwadar, for the local people is in line with the policy of the Prime Minister Shaukat Aziz and the President of Pakistan General Pervez Musharraf, since the Government is keen to see country's first deep sea port-city of Gwadar develops on fast-track with a proper city culture. The special feature of these low and middle income housing schemes is that houses will be available only for people of Gwadar, and as next priority for people of Makran coast.
Giving details of MoUs signed between HBFC-GDA-District Nazim, Chairman HBFC said that as per first MoU around 800-1000 small and medium-cost housing units shall be constructed in Gohrab Housing Scheme Gwadar.
The District Nazim, Gwadar Abdul Ghafoor Kalmati while speaking on the occasion said that he has agreed to provide 63 acres of land on which HBFC will develop about 700-750 housing units of one-two bed rooms on 120 square yards plot, and about 250 housing units of two-three bed rooms on 240 square yards plot. Continuing, Zaigham said that through another Memorandum of Understanding (MoU), HBFC, in close collaboration with Gwadar Development Authority, will also provide housing finance facility to 450 allottees of Gohrab low-cost housing scheme.-PR