Prices Of Housing Units Under Naya Pakistan Housing Scheme Fixed
Mahnoor Sheikh (@mahnoorsheikh03) Published January 27, 2019 | 12:46 PM
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.
Lahore (UrduPoint / Pakistan Point News – 27th January, 2019) 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.
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.
Prime Minister Imran Khan has started preparations to inaugurate the project. Special teams have also been constituted to generate funding for the project.
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.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
More Stories From Pakistan
-
Motorcyclist killed by hitting vehicle
24 minutes ago -
Disputes resolution, enhanced understanding vital for regional peace, stability: Pakistan's India di ..
2 hours ago -
Journalists call for global action to end Gaza’s humanitarian crisis
11 hours ago -
CM for generating opportunities to bring direct int'l investment
11 hours ago -
High Commissioner of Malaysia hosts Iftar dinner reception
11 hours ago -
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per unit
11 hours ago
-
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
11 hours ago -
Implementation of Sindh Agriculture Workers Act-2019 demanded
11 hours ago -
Khawaja reiterates PM commitment to judiciary
11 hours ago -
Gov't to form independent inquiry commission on 'IHC judges' letter': Law Minister
11 hours ago -
Makhdoom Saeed-u-Zaman seeks massive operation for recovery Priya Kumari
11 hours ago -
Pakistan to continue political, diplomatic support to Kashmiris: FO
11 hours ago