ISLAMABAD: Executive committee of Federal Government Employee’s Housing Foundation has approved the purchase of 20,000 kanal land for extension in Bhara Kahu Housing Scheme (BKHS) under joint venture formula.
Sources privy to the development said that the approval was accorded during a meeting held under Housing and Works Secretary Shahrukh Arbab.
All members of the executive committee along with housing foundation directors attended the meeting. The executive committee jointly approved the purchasing of land at the cost of Rs 4,00,000 per kanal in Bhara Kahu under a joint venture policy approved by the federal cabinet.
Rs 25,00,000 per kanal on account of development expenses were approved with the cost of one kanal being 290,000.
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