Lahore: The Punjab government is all set to launch yet another low-cost peri urban housing scheme in Raiwind today under which 556 residential units will be constructed, according to news sources.
The provincial government is expecting the Prime Minister (PM) of Pakistan Imran Khan to perform groundbreaking ceremony in Raiwind. Simultaneously, the PM is also expected to virtually witness the groundbreaking of low-cost housing projects at 10 other sites, under this peri-urban scheme.
The project envisages construction of eighteen hundred low cost housing units at locations including tehsils of Chiniot, Chunian, DG Khan, Jalalpur Pirwala, Khanewal, Khushab, Mandi Bahauddin, Mianwali and Sargodha.
A joint project of Punjab government and Naya Pakistan Housing and Development Authority (NAPHDA), the Punjab Peri Urban Low-cost Housing Scheme is designed for the underprivileged members of the society in order for them to be able to own their houses.
The said peri-urban housing scheme will be completed in phases and for the first phase forty-one sites have been recommended by NAPHDA in thirty-nine tehsils. A total of ten thousand housing units will be constructed on these sites for which the federal government is giving a subsidy of PKR 300,000 along with a fixed markup rate of 3%.