Islamabad: After Prime Minister Imran Khan on Thursday performed the groundbreaking of the low-cost apartments in Farash Town, additional details about the project have come to light, according to news sources.
Reportedly, the premier announced that a total of 4,000 units would be built in Farash Town, with 600 allocated for slum dwellers and 2,000 for those who were registered under the NPHP. Additionally, 1,600 flats would be sold out by the Capital Development Authority (CDA).
Imran Khan oversaw the singing of the Memorandum of Understanding (MoU) between the three parties tasked with the project, the Naya Pakistan Housing Development Authority (NPHDA), CDA and Frontier Works Organization. The Prime Minister was informed that the total cost of the project would amount to PKR 15.184 billion, including engineering, procurement and construction expenses.
The planned construction will have apartments of two sizes built on 99 blocks, with each block comprising of 40 flats. The 650 sq feet apartments would be priced at PKR 2.423 million while the cost for 760 sq feet apartments would be PKR 2.985 million.
Furthermore, Interior Minister Sheikh Rashid Ahmad stated that 600 flats in the upcoming Media City would be provided to the journalists of Islamabad and Rawalpindi, on installments.