The government is planning to construct as many as 2,392 housing units on state land in the Sangjani area of Islamabad for low-income groups under the Naya Pakistan Housing Project (NPHP).
“The housing project is at evaluation stage at Sangjani and the project concept (PC-I) of the housing scheme has been approved,” sources in the Ministry of Housing and Works said. The sources said that land transfer and other modalities were in progress for the housing scheme.
They said that around 45,000 low-cost housing units were under construction across the country.
The source said that 11,000 housing units are under construction in Lahore, Nowshera, Alipur Farash Islamabad, Zone-V Islamabad and in Sargodha.
The sources said that 10,000 low-cost housing units were being built in 20 districts of Punjab.
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They said that the monthly mortgage instalments for these houses would be less than Rs10,000 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 government the private sector too is keen on low-cost housing and has submitted 230 proposals to the Naya Pakistan Housing and Development Authority for the 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 have been referred to the banks for the construction of 3,933 housing units and work on these projects would start at the earliest.
Published in The Express Tribune, October 4th, 2021.
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