Lahore: The Government of Punjab will construct 6,000 houses under phase I of the Naya Pakistan Housing Program (NPHP), a news source quoted Provincial Minister for Housing Mian Mehmood-ur-Rasheed as saying. These units will be built in Lodhran, Renala Khurd, and Chishtian.
Sharing the project’s details at a press conference, Minister Rasheed said that that the provincial government will also set up three new cities. Work on the preparation of a feasibility report for the project is currently under way. The government has invited input from the private sector for formalising this document.
The minister also informed that in order to provide homes to people hailing from the rural areas, a pilot project will be launched in the March of this year. Under this initiative, 50 houses will be built in each village.
Sharing specific details on the planned 6,000 houses in the aforementioned districts, he revealed the prices of these units.
According to the minister, the price of a 3-marla house will fall between PKR 1.6 million and PKR 1.75 million. A 5-marla house will cost PKR 2.1 million and PKR 2.3 million.
Rasheed revealed that the possession of these houses will be given in 1.5 years’ time to successful applicants following ballot. The affordable housing schemes will feature facilities like schools, hospitals, and playgrounds.
The minister further stated that the government will give 5% discounts to overseas Pakistanis in NPHP projects within their respective cities. Additionally, a specific quota will be reserved in these projects for the families of martyrs of the Pakistan Police and the armed forces.
Shedding light on construction of affordable houses in other districts, Rasheed said that 20,000 houses will be constructed in the second phase. The districts in focus under NPHP’s phase-II venture are Faisalabad, Chiniot, and Laiyah.
He further added that the development authorities from nine districts have been tasked with constructing 100,000 housing units. Minister Rasheed also revealed that investors from other countries were showing interest in the project.