Karachi. In a fresh report moved by NAPHDA has found the Bahria Town Karachi project location suitable from livability point of view. Earlier Ms. Madiha Arooj, GM, Corporate Affairs, Bahria Town Private Limited, was invited for preliminary negotiations on 16 December, 2021 in response to Invitation of EOl published in the newspapers on 28 March 2021 under Negotiated Procurement for Public Private Partnership Scheme. Bahria Town is requested to submit the project along with the relevant documents to Manager, Allied Bank Limited and bank will communicate its willingness or otherwise within 60 days to NAPHDA to provide development finance to Ms. Madiha Arooj, GM, Corporate Affairs, Bahria Town Private Limited for the below-mentioned project.
Details Of Proposal:
Detail of the proposed project after preliminary negotiations is as under.
| Size of the Scheme with location | 100 Kanals, Super Highway, Karachi |
| No of Low Cost Units | 3000 |
| Type of Construction (Apartment Houses) | Apartments |
| Cost of Low Cost Unit (all inclusive) | 2,600,000/-Rs |
| Size of Low Cost Unit (Sqft) | Ground Floor 600 Sqft (Covered Area) 15 to 4 th Floor 698 Sqft (Covered Area) |
| Project Completion Time | 24 months |
| Status of Development | Started |
| Approval Status | NOC Available |
| Materials to be used in construction | In line with the PEC document on Standardization of Building Codes Standards and Specification for Low-Cost (Affordable) Units-2021 3. |
Submission of Project at Allied Bank
Ms. Madiha Arooj, GM, Corporate Affairs, Bahria Town Private Limited, is requested to submit the project along with the relevant documents to Manager, Allied Bank Limited, Main Shahrah-e-Faisal Branch, Karachi.
Bank Reviews
Manager, Allied Bank Limited, Karachi is requested to communicate its willingness or otherwise within 60 days to NAPHDA to provide development finance to Ms. Madiha Arooj , Bahria Town Private Limited for the above-mentioned project. Bank will check economically, technically and environmentally feasibility of project.
