House Building Finance Corporation (HBFC) will soon introduce new products in a bid to meet increasing housing demand and facilitate maximum number of people in the country, said Chairman, House Building Finance Corporation (HBFC), Zaigham M Rizvi.
Speaking in a PTV programme, he said: "Our business focus is mainly on low-income groups but, under compulsion we have to do it in a commercial manner so that the organisation could be run smoothly."
He said that when he took over the charge, a comprehensive structural reforms programme was introduced to improve efficiency and performance of the institution. Priority was given to recovery side besides bringing improvement in delivery platform of HBFC. The Corporation has been made an efficient and client-friendly organisation, he added.
He said, they were going to introduce nearly 12 new products. They are also supporting small builders. A comprehensive programme is being introduced for bulk housing finance. They had also formulated a plan for youngsters who were joining the corporate sector, he added.
The Chairman said a comprehensive strategy was being followed in order to meet growing housing demand in the country. HBFC was being fully computerised, and staff was also being professionally trained, he said adding that they worked extensively for human resource development in HBFC.
Loan processing would soon be computerised, he informed. To a question he said, more than two million houses had been constructed under HBFC loaning facility in the country.
He said low-cost housing projects were less to present demands. And that was why HBFC was promoting builders. Besides, "We are going to set up a social housing company", he added.
He further said, HBFC was also working to establish a social housing bank, which would deal with micro housing finance. He urged the clients to regularly pay their loan instalments as through this way they would be actual beneficiary of the facility.