Presentation by Zaigham Mahmood Rizvi ChairmanManaging Director H

Presentation by Zaigham Mahmood Rizvi Chairman/Managing Director H. B. F. C. Roadmap for 250 low cost housing Lyari Express Way, Karachi Low Cost Housing Solution -- 1

Infrastructure development cost and its break-up. • • • Survey and Demarcantion Roads, water supply, sewerage, Strong water drainage Electrification, Sui Gas and distribution Parks, Schools, Commercial Center Mosque and Hospital. Internal Development: 1. 2. 3. 4. 5. 6. Survey and Demarcation Road Strong Water W. S. Sewerage Electrification (Net Aerea) Rupees. in Million 6. 005 661. 410 119. 300 230. 951 205. 358 520. 071 Total Gross Area 592. 00 (Gross Area) 600. 00 Rupees. Per. Sq. Yrds 75. 00 61. 00 55. 00 137. 00 275. 00 Total (Say) 2

Infrastructure development cost and its break-up. Cost: A. 1. 2. 3. B. 4. 5. 6. 7. 8. 9. 1007 Acres 24400 plots of 80 Sq. Yds. Internal Development Electrification Other Development charges Plot development without connection charges. Gross Net Rupees. in Million Rupees. Per. Sq. Yrds 296. 000 137. 000 234. 000 592. 00 275. 00 390. 00 397. 000 1257. 00 Cost of Layout Plan and Building Plan Social Sector 128. 000 Electrification 1500. 000 Consultancy charges Design of Services Escalation Departmental charges @ 17½ % of development cost 255. 000 3

Infrastructure development cost and its break-up. Approximate cost of House: • At present Approximates rate of construction in Karachi is Rs. /800 sq. yds. • If the build up covered areas of 80 sq. yds. is 472 sq. ft. (standardized plan No. 3 ) then the cost of house will be Rs. 3, 78, 000/- • If the covered area is 400 sq. ft (standardized plan No. 2 the cost of house will be Rs. 800 x 402=3, 21600/- • If the covered area is 360 sq. ft (standardized plan No. 1, the cost of house will be Rs. 2, 88, 000/- 4

Land/plot cost: • As per their estimates the cost of plot will be Rs. 1, 500 per sq. yd, it mean the cost of plot will be Rs. 1, 20, 000/- if the land allotted on subsidized rate by the Govt. 5

Procurement of Land • Under the Karachi Building Town Planning Regulations 2002, 29 plots of 80 Sq. Yds and 20 plots of 120 Sq. Yds can be developed. • In the light of the above, for 50, 000 low cost houses in the first phase, land as per the following details would be required: - CIty --------- • Karachi • Lahore • Islamabad • Peshawar • Quetta Total 80 Sq. Yds -------520 Acres 350 Acres 175 Acres -------1740 Acres 120 Sq. Yds --------720 Acres 500 Acres 250 Acres --------2500 Acres For the construction of 250, 000 low cost houses over a period of 5 years 8625 acres for 80 Sq. Yds and 1250 acres for 120 Sq. Yds will be requested in the selected cities. 6

Financial Assistance from HBFC to the Allottee – HBFC will provide the mortgage finance as per its loaning policies for upto 20 years, on a debt equity ratio of 80: 20. – In case the Government intends to provide financing to the low cost houses on subsidized rates, the Government through State Bank of Pakistan may provide specific credit line to HBFC. 7

Financial Assistance from HBFC to the Allottee – The 20% cost of house and cost of plot and external charges will be recovered by the City Government from the allottee in monthly easy instalment or as decided by the Government. 8

Thank you http: //www. hbfc. com. pk info@hbfc. com. pk md@hbfc. com. pk 9