One million square meters of housing was commissioned

Press briefing on the implementation of “Nurly zher” State Housing Construction Program in the field of “Rental housing with the right of redemption” and one million square meters of housing commissioning was held in Almaty. The operator of this program is “Baiterek” Holding.

Aisultan Akchurin, Deputy Chairman of the Management Board of “Kazakhstan Mortgage Company” JSC (a subsidiary of “NMH “Baiterek” JSC) made a report on the work performed and noted that to date the company has already put into operation more than 1 million square meters of rental housing with a right of redemption in 20 cities of the country. The program, besides the original mission to ensure the housing availability, has become a driver of the construction industry development.

- In the process of rental housing construction, engineering and finishing works, we tried to attract Kazakhstan producers. 30 thousand new jobs throughout the country were created. “Rental housing with a right of redemption” program stimulated the infrastructure development of new urban areas, revealed new opportunities for cooperation between citizens and local municipal authorities” - said A. Akchurin.

“Rental housing with a right of redemption” program was developed for multi-child and incomplete families; families growing children with disabilities; orphans or children left without parental care; oralmans, disabled persons of groups 1 and 2, and also civil servants, military men, employees of special state bodies, workers of state-financed organizations.

In close cooperation with local executive bodies, housing was distributed among more than 17 thousand people from waiting lists throughout Kazakhstan during the years of the program activity. According to the production plans of the company, more than 40 thousand square meters of housing or more than 700 apartments will be commissioned in Kostanay, Karaganda, Ust-Kamenogorsk and Uralsk by the end of the year.