Staff Reporter
The government is planning to construct as many as 2,392 housing units at the government land located at Sangjani area under Naya Pakistan Housing Project to facilitate the low income citizen.
“The housing project is at evaluation stage at Sangjani, Islamabad and PC-I of the housing scheme has been approved,” official sources in the Ministry of Housing and Works told media.
The sources said that land transfer and other modalities are in progress on the housing scheme.
To a question, they said that around 45,000 low cost housing units are under construction all over the country.
In Phase-I of this scheme; 10,000 extremely low cost housing units are being built in 20 districts of Punjab and 12 sites have been inaugurated by the Prime Minister Imran Khan, they added.
The sources said that 11 sites would be inaugurated in near future. About the installments, they said the monthly mortgage installments for these houses would be less than Rs. 10,000 per month.
They said that 19,298 low cost housing units have been completed, out of which, Akhuwat has financed 15,734 units.
The sources said that with all the facilitation and incentives offered by the present government the private sector too is keen on low cost housing and has submitted 230 proposals to the Naya Pakistan Housing and Development Authority (NAPHDA) for construction of more than 3 million housing units across the country.
They said that 48 projects comprising 70,000 housing units have already been shortlisted and negotiations with 42 private parties have been conducted so far.
The sources said that 15 private parties for construction of 3,933 housing units have been referred to the banks and the work on these projects would start very soon.
