Low Cost Housing

Overwhelming response on SBP mark-up subsidy scheme on low cost housing

Prime Minister Imran Khan was informed by the governor State Bank of Pakistan (SBP) that within few weeks over 8,000 applications have been received under the scheme of subsidy on mark-up of low-cost housing loan. Out of total, 1,820 out of them have been approved with an outlay of Rs5 billion, while pending applications are being processed expeditiously. Prime Minister Imran Khan was given briefing...

LDA efforts to improve EoDB & construction of Nayaa Pakistan Housing Apartments

Lahore Development Authority (LDA) is doing extra ordinary efforts to facilitate people and improve in its ease of doing business (EoDB). For this purpose, LDA has made some amendments in the "LDA Building Regulations 2019" to give approval to "Building Plan Sanctions" to facilitate business and encourage construction activities under the "Ease of Doing Business" reforms. LDA also organized a seminar...

Low cost Naya Pakistan housing project, 7572 constructed homes handed over

PM Imran Khan fulfilled his promise to give houses to the poor. Construction of 7572 low cost houses for the poor have been completed at a cost of Rs. 3 billion. According to the details, 6000 houses of 3 marlas have been handed over to the deserving people. Further, 1500 houses will be handed over to the poor next month. Prime Minister Imran Khan said that initially out of Rs 3 billion, Rs 350...

PM Imran Khan will lay foundation stone of Naya Pakistan Housing in LDA City

PM Imran Khan will lay the foundation stone of Naya Pakistan Housing Apartments in LDA City, Lahore, this month. Provincial Minister for Housing, Mian Mahmood Rashid, said that providing housing to low-income people is a priority for which the LDA team is working day and night to lay the foundation stone of the project and ensure construction of apartments in two...

NED University showcased affordable low-cost model home at campus

The NED University of Engineering & Technology’s Centre, Karachi for Affordable Housing & Sustainable Built Environment (CAHSBE) inaugurated an affordable low-cost model home at the varsity’s campus on University Road. The varsity had established the centre in the year 2019 in support of the vision of Prime Minister Imran Khan to provide housing units with allied facilities to all,...

Construction Package extended by Prime Minister till 31st Dec 2021

Prime Minister Imran Khan announced that the Govt of Pakistan has extended the fixed tax regime to Dec 31, 2021. He said this had been a big demand from the construction industry which was why they were given an "extra year". The Prime Minister said, "We believe that the economic activity that this will generate only in Punjab will be equivalent to Rs1,500bn and will result in 250,000 jobs. Similar...

LDA approved plan for 4000 apartments for low cost Naya Pakistan Housing

Lahore Development Authority (LDA) has approved the construction of 4,000 apartments under Phase 1 of the Naya Pakistan Housing Scheme. This project will cost approximately Rs. 10 billion and citizens will receive prior facilitation to buy the apartments. All the citizens who would be provided mortgage facility by Naya Pakistan Housing Authority and the commercial banks will now be eligible for...

Easy loan financing for Low Cost & Naya Pakistan Housing Schemes

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...

KDA & SBCA speedy permits for Low Cost Naya Pakistan Housing Scheme in Karachi

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...

Compare listings

Compare