Punjab Deputy Chief Minister Sukhbir Badal on Wednesday said that the Punjab State Federation of Cooperative House Building Societies limited (HOUSEFED) would construct a total of 1,24,779 houses across the State in coming two years for needy people at a cost of Rs1,20,583.03 lakh.
Sukhbir, speaking after the installation ceremony of Gurmeet Singh Mann as the HOUSEFED chairman, said that cooperative house building society was established to put right the scarcity of housing by providing financial assistance to the individuals for construction of residential houses in rural and urban areas.
“This institution has played a significant role in the housing sector of Punjab since last 45 years…Punjab has a huge potential in housing sector and major housing companies are investing in the State to provide residential accommodations,” he said.