Construction of Nishterabad Apartments & Commercial Complex
Peshawar is the fifth largest city of Pakistan with an estimated population exceeding 1.7 million. It serves as the administrative center and also economic hub for the entire province and the neighboring country Afghanistan. Its population consists of urban settlers and immigrants mainly rural settlers. The headquarters of all the nation building departments, major hospitals and educational institutions are located in the Peshawar city. Major commercial centers provide services to whole of the province.
The Provincial Housing Authority intends to construct a multi-storied commercial complex in metropolitan city of Peshawar. This complex is located in Nishterabad area of the city on the main Grand Trunk Road. The scope of project includes two basement floors for car parking and engineering services, three floors for shopping and mart stores, floor for Cineplex, food courts, toy shops, play land and 6 floors for offices. Moreover, the mall will have all types of facilities like lifts, escalators, public toilets, waiting areas and emergency exits.
The successful investor will complete the project in two years. The project will generate revenue of Pak Rs.5.1 billion whereas the estimated cost will be Pak Rs. 3.2 billion. The experts survey and cost benefit ratio and FIRR claims the scheme feasible.
In investment context, the proposed project will offer quick profitable returns for the investors. The commercial areas, amenities plots and auction able housing plots will be a major source of generation of funds. Skilled and semi-skilled labour and construction material is available in the area. The said Housing scheme will not only elevate the living standards of general public but will also create job opportunities for the skilled and unskilled labour. The project will increase the housing stock and space for private sector in the province for all walks of life. It will be able cap the haphazard growth of housing schemes from other developers.
The project provides an opportunity for the donor agencies / investors for investment and to recoup the capital investment with profit. It can be executed through preferably Public Private Partnership (BOOT/BOT) or any other mode mutually agreed by both the parties. The project is open for all the state-owned, state-supported and private entities.
The government of Khyber Pakhtunkhwa will facilitate investors for interaction with relevant agencies and is committed to partner with the investor by providing all basic infrastructure in execution of project. It will provide all legal and technical assistance to the investors. The government will provide assurance of money security.