NPHP allotees to get 50% units in LDA project

Authority will provide subsidy of Rs300,000 to each allotee

LAHORE:

Around half of 4,000 apartments to be constructed under the LDA City Naya Pakistan Apartments project, in connection with the Prime Minister's programme for construction of five million houses, will be allotted to the citizens nominated by Naya Pakistan Housing Programme (NPHP) and Development Authority.

The authority will provide a subsidy of Rs300,000 to each allottee to those who qualify for allotment. The subsidy amount will be transferred directly to the escrow account of the project.

An MoU was signed between the Lahore Development Authority and Naya Pakistan Housing and Development Authority (NAPHADA) in this regard.

Provincial Minister for Housing Mian Mahmood ur Rasheed, Naya Pakistan Housing and Development Authority Chairman General (retd) Anwar Ali Haider, Lahore Development Authority Vice Chairman SM Imran, WASA Lahore Vice Chairman Sheikh Imtiaz Mahmood and other persons concerned were also present at the occasion.

The MoU was signed by Executive Director Projects Brigadier (retd) Amanat Ali Khan on behalf of NAPHADA and Additional Director General Urban Planning Rana Tika Khan on behalf of LDA.

Speaking on the occasion, SM Imran, Vice Chairman, Lahore Development Authority, said that under the guidance of Punjab Chief Minister Sardar Usman Bazdar, the LDA and the Bank of Punjab had earlier signed an agreement to provide affordable housing to the citizens on easy instalments.

Published in The Express Tribune, March 11^th, 2021.