Punjab Govt has planned to build the apartment complex on an area of around 8,500 kanal for 35,000 units for Naya Pakistan Housing in Lahore within three years. Lahore Development Authority (LDA) has finally succeeded in reducing the cost of a 650 sq. ft single-storey housing unit from over Rs3.855 million to Rs2.224 million in the first phase of LDA’s Naya Pakistan Housing Scheme in Lahore. Under...
The government of Pakistan has reduced interest rate by 90% for low-cost houses, while the banks are providing loans on 5% mark-up for 5 marla houses and 7% for 10 marla houses. For this purpose, the loans are being provided by various banks which have also established special desks named “Mera Pakistan Mera Ghar” to facilitate the customers for availing loans and providing information regarding...
Karachi Development Authority (KDA) Director General Asif Ikram said that KDA was ready for joint venture with builders and developers for low-cost housing schemes. “We are trying to provide free land for Naya Pakistan Housing scheme in Sindh,” he said. Habib Bank Limited Head of Islamic Finance Salimullah Shaikh and Meezan Bank General Manager Tanveer Hussain said that banks were ready to...
Builders and developers can save around six times on taxes if they register under the Prime Minister Imran Khan's construction package as it has a fixed regime. “This saving on tax will add up to whatever profit you make,” explained the FBR’s Abdul Hafeez while addressing them at a seminar on the ‘PM’s Package on Naya Pakistan Housing Scheme’ at the Association of Builders and Developers...
Prime Minister Imran Khan will perform ground-breaking ceremony of two major housing projects in Islamabad and Quetta (Balochistan) during this month. PM was informed that 110,000 units would be constructed in Quetta and Gwadar The Prime Minister expressed satisfaction over the steady progress being made in the Naya Pakistan Housing Program and the huge interest being evinced by the international...
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...
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