Change­s in the policy will not apply to the ongoin­g housin­g projec­tsISLAMABAD: The ministry of housing and works has decided to update the joint venture policy for the upcoming Federal Government Employees Housing Authority (FGEHA) housing projects, The Express Tribune learnt on Friday. Sources told The Express Tribune that the joint venture policy for FGEHA housing projects would be reviewed and a new policy would be shaped according to the current circumstances. For this purpose, FGEHA will prepare Joint Venture Rules 2020 after making adjustments and modifications in the existing policy. The Express Tribune learnt that the FGEHA officials are considering land-sharing formulae adopted by different development authorities across the country. Sources said that the new policy would apply only to the new housing projects while it would not impact ongoing projects.

Source: The Express Tribune May 02, 2020 05:48 UTC