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SHAL­IZA HAS­SANALI

Hous­ing De­vel­op­ment Cor­po­ra­tion (HDC) chair­man Feeroz Khan says they in­tend to take a dif­fer­ent ap­proach to the con­struc­tion of new homes in the fu­ture.

“Our fu­ture con­struc­tion is go­ing to be based on con­tracts is­sued on a de­sign-build fi­nance ba­sis, where we on­ly pay for units that are de­liv­ered to us that are mort­gage-ready. That is the change. We have a list of clients who want hous­es,” Khan told Guardian Me­dia in an ex­clu­sive in­ter­view re­cent­ly.