If the National Housing and Development Corporation (NHDC)’s home ownership program comes through civil servants will have the chance to become proud owners of the government quarters they occupy.
The apartments for the project which targets middle and low income groups will be constructed by the corporation and sold to the civil servants for a down-payment of Nu 30,000 which will be followed by installments.
All the buildings will be four storied and will have eight units.
The NHDC has not worked on the logistics as of now, and the cost estimation for the construction will be determined after the completion of the draft for the program.
The corporation’s Real Estate General Manager, Dechen Wangdi, said NHDC was on a lookout for a 10 to 15 acre land in Thimphu but the NHDC might have to ask the government for lease of land or might have to purchase it.
He said, firstly, they had to follow the directives sent by the cabinet.
The NHDC had put up the home ownership program proposal to the cabinet sometime around May, this year, and the cabinet directed it to first work out the existing housing rental stock, meaning to increase the rents of the NHDC housing complexes, example the Changjiji housing complex.
An official from the NHDC said that one of the concerns that the cabinet had raised was that this project could encourage the rural-urban drift.
“It will take some time, the planning for this project is in a preliminary stage,” said the Managing Director Ugyen Tshewang.
He said hopefully the draft will be completed by next year.
The housing development corporation also has plans to extend the home ownership program to all the dzongkhags, but, it would be on a smaller scale compared to Thimphu.
“Having this project in all the dzongkhags will encourage civil servants to go to other dzongkhags instead of being solely concentrated in Thimphu, and they will also have choices in dzongkhags,” said Dechen Wangdi.
According to the recent Prime Minister’s state of the nation report, the NHDC was collaborating with the Ministry of Labor and Human Resources (MoLHR) in an effort to establish home maintenance services; this is expected to take care of minor emergency works like plumbing and electrical works.
The PM said this was also aimed to generate employment opportunities for the Vocational Training Institute graduates.