KARACHI: The government ought to bring back the affordable housing finance program via commercial banks to enable the general public to buy and build residential dwellings, so stimulating the nation’s economy.
Syed Afzal Hameed, the real estate entrepreneur and creator of Shangri-La City, made this statement on Thursday during the one-window solutions launch for allottees of the worldwide housing project and the yearly developers’ meeting held at a nearby hotel.
In an interview with the media, he claimed that real estate stimulates business ventures in the building and related industries, such as steel, cement, paint, cable, marbles, etc., all of which eventually boost the economy by creating jobs and taxes.
He said that the real estate sector is the mother of the construction industry and that it annually adds significantly to the GDP.
The Shangri-La City administration overcame several obstacles to present middle-class housing developments, including an apartment complex with an international theme, and started the procession to allottees at a predetermined time.
He went on to say that while owning a respectable home these days is a dream, it is now achievable thanks to Aimal Builders’ reasonably priced developments.
Speaking at the event, CEO Al Meeraj Marketing Kashan Siddiqui stated that the building, amenities, and cost structure of any housing project are crucial to its success. Shangri-La City’s management has pledged to earn its patrons’ trust in these areas.
He went on to say that while owning a respectable home these days is a dream, it is now achievable thanks to Aimal Builders’ reasonably priced developments.
Speaking at the event, CEO Al Meeraj Marketing Kashan Siddiqui stated that the building, amenities, and cost structure of any housing project are crucial to its success. Shangri-La City’s management has pledged to earn its patrons’ trust in these areas.
