Islamabad
Chairman Association of Builder and Developers (ABAD) Mohsin Seikhani on Wednesday vowed to construct 500,000 new houses in four major cities in the country during the next two years.
The houses would be built in four major cities including Karachi, Hyderabad, Islamabad and Lahore, he said.
“We have completed our market study and acquired land and industrial players would start construction of houses to complete in next two years”, Chairman ABAD said while talking to APP here.
Chairman Abad said, “We would provide these houses on affordable rates of Rs 3 to 2.4 million in two different categories for middle class families for giving them good residential facilities in major cities.
He said that this big project initiated by ABAD would not only start business activities but would also provide employment opportunities to the skilled and unskilled laborers in the country.
Mohsin also hailed the government’s tax relaxation decision for the construction industry, which he said would promote growth momentum.
He said that government had already declared the sector as a construction industry as it had huge demand of up to 70 associated industries and it would have positive impact on country’s economic health and also enhance economic growth.—APP
