LAHORE, (Pakistan Point News - APP - 1st Augst,2016) : Pakistan's housing sector has great potential for growth due to rising demand for residential and commercial units for which the concerned departments should ensure provision of maximum facilities for the sector. Talking to APP here Monday, ChenOne Chief Executive Officer Kashif Ashfaq said that incidence of fast urbanization and growing population were become a major challenge in this country and the government would have to solve this problem through proper planning and implementation of relevant regulations in letter and spirit and development of new towns/ housing schemes.
Kashif suggested that the government and all relevant departments must take steps for holding seminars and conferences to create awareness among all stakeholders including investors, contractors, engineers and architects. Since Pakistan experiences severe hot weather for around eight months, he said, the residential and commercial units must be built keeping in view environmental factors, and all modern techniques and materials should be utilized to make these units livable with lowest energy consumption on air-conditioners and heaters etc.
To a question, he said that his company was making a hefty investment of Rs 38 billion in the construction of residential units measuring 10-marla and one-kanal each in one of the major housing schemes. He said that the houses would be equipped with all modern and five-star-level facilities, to cater to the present day needs of the residents. Responding to a question, the CEO said, the project was of great importance, as it would definitely open up new vistas of development in the housing sector of the country, besides providing jobs to hundreds of individuals.
Giving details of the project, he said that the company had planned construction of residential apartments ranging from one bed to six beds each, and separate houses in Islamabad, Lahore and Faisalabad. For the purpose, he said, 150 kanals of land had been acquired in all three cities. To another question, Kashif Ashfaq said that a total of 1,900 residential apartments would be constructed in two-storey symmetry in Lahore and Faisalabad, while 450 luxury houses would be built in Islamabad. The project would be completed within four year, he added.