SECP Shares Statistics on Licenses Issued to HFCs
According to news reports, the Securities and Exchange Commission of Pakistan (SECP) has licenced three new Housing & Building Finance Companies (HBFCs) during fiscal year 2021 (FY21) in an effort to revitalise the sector in Karachi.
Read More: GB Presents Rs 106 billion Budget for FY22
Pakistan Housing Finance Company Limited, Asaan Ghar Finance Limited, and Trellis Housing Finance Limited are among the newly licenced HFCs. According to reports, these companies will launch operations during the current year.
An unnamed regulator indicated that the rebirth of the HFC sector will satisfy the country’s enormous need for affordable housing financing. In the past decade, not a single licence for HFCs been given.
Together with the World Bank Group and Pakistan Mortgage Refinance Company, SECP has raised market knowledge and highlighted opportunities for new entrants. In addition, SECP will educate potential investors on the several funding channels available to housing finance enterprises. The HFCs will also promote the creation of HFC business models that are functional.
SECP also suggested that HFCs be included in the Markup Subsidy Scheme for house finance. Hassan Bakhshi, the former chairman of the Association of Builders and Developers, praised SECP’s efforts to enable more enterprises in the HFC sector.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005