The Federal Government Employees Housing Authority (FGEHA) and Smart City Housing Lahore signed a Memorandum of Understanding to develop a residential project in Lahore. Faiz Umar, Director Joint Venture, signed the agreement on behalf of FGEHA.
Sardar Adil Umar represented Smart City Housing Lahore during the signing ceremony. Approximately 750 kanals of land located on Multan Road in Lahore will comprise the project.
The development will follow an End-Product/Turnkey Model. Smart City Housing Lahore is an LDA-approved project situated near Bahria Enclave on Multan Road.
Captain (Retd.) Zafar Iqbal, Director General of FGEHA, said that Smart City Housing Lahore initially submitted a proposal for the residential project and has now become a business partner of FGEHA. The Authority is empowered to acquire land and initiate residential projects across the country under the FGEHA Act, Captain (Retd.) Iqbal said.
The primary objective of the MoU is to establish a mutually beneficial partnership that creates a win-win situation for both parties, Captain (Retd.) FGEHA is taking effective measures to provide better residential facilities to its allottees and to promote the development of housing projects, Captain (Retd.)
