Welcome to Paras Estates - the Real Estate Advisors, Investment Consultants, and Builders
We provide services to our Local, National, and International clients in the real estate business, which include Sales, Purchase, Rentals, Lease, Planning, Investment, Design, and Building Consultancy.
Buy or Sell
Buy or Sell a Plot, House, Apartment, Shop, Plaza or Office as well as any Residential, Commercial or Industrial Properties.
Rent or Lease
Rent or Lease a House, Apartment, Shop, Plaza or Office as well as any Commercial or Industrial Properties.
Invest or Build
We provide services to our clients to Plan, Invest, Design or Build and Manage Residential, Commercial or Industrial Properties.
Join us on Facebook
Paras Estates

FGEHF to launch phase-II of Bhara Kahu housing scheme

Written on .

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.

https://tribune.com.pk/story/1507678/fgehf-launch-phase-ii-bhara-kahu-scheme/

Invitation to Investors

YOU ARE OUR VALUED CLIENTS. COME, JOIN US. We appreciate and always remember this fact. We have built close relationships with some large investor groups, and are interested in expanding these and exploring how Paras can be of service to you. Paras would like to invite more investors to join us.

Real Estate Development
We offer our services to make innovative housing societies. Create, Develop and Manage state of the art Affordable and Accessible Housing schemes under the supervision of our experts.
Real Estate Evaluation
Our team of qualified experts offers Real Estate Evaluation services for accurate real estate valuation which is important to mortgage lenders, investors, insurers and buyers and sellers of real property.
Real Estate Marketing
For your Real Estate Branding, we develop a customized marketing system by creating and implementing a unique marketing strategy. We analyze, strategize and then create a custom program for you.
Project Management
We provide Project Management services under the supervision of our qualified and experienced management specialists.
Construction Wing
Our multi-professional, multi-talented experienced team offer services in Construction, Renovation and Maintenance of your building/project.
Engineers & Architects
Our expert, certified/licensed professional engineers and architects provide best services in planning, design and construction.
Industrial Projects
Our teams of experienced engineers provide services from planning, construction and installation to production and management of projects.
Copyright Paras Estates 2019. Designed and coded by U. Asad, U. Saad and F. Razzaq.