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The prices of the housing units under Naya Pakistan Housing Scheme have been fixed.
Media reports said that the rates of the houses have been fixed. Under the scheme, a 3-marla house will be priced at Rs 16.5-17.5 lac while a 5-marla house will be available at Rs 21-23 lac.
These homes prices would be paid with some down payment and rest of the amount will be on installments.
Govt will also provide the facility for bank financing from different bans, including Meezan Bank etc.
The Punjab housing task force has reportedly approved the rates.
Media reports further said that the houses will be given to the applicants via lucky draw.
The work on the construction of 25,000 housing units at Federal level in Lahore and Islamabad under Naya Pakistan Housing Project would commence soon.
According to details, the prime minister will launch the project in the end of February.
Pakistan faces a shortage of nearly 12 million housing units that may require a massive investment of around $180 billion, according to the former Chairman of the Association of Builders and Developers, Arif Yousuf Jeewa.
Pakistan expects to attract more than $40 billion foreign direct investment in the next five years in oil refining, petrochemical, mining, renewable energy, and real estate sectors.
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