{"id":45234,"date":"2018-12-07T13:03:03","date_gmt":"2018-12-07T08:03:03","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=45234"},"modified":"2018-12-07T13:03:03","modified_gmt":"2018-12-07T08:03:03","slug":"cities-witnessing-mushroom-growth-of-slums-illegal-constructions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cities-witnessing-mushroom-growth-of-slums-illegal-constructions.html","title":{"rendered":"Cities witnessing mushroom growth of slums, illegal constructions"},"content":{"rendered":"<p>Islamabad: Urban centres in Pakistan are facing a shortage of planned residential units which, in turn, is creating urban slums, illegal habitats, and unplanned constructions, a news source quoted Prime Minister\u2019s Task Force on Housing Chairman Zaigham Mahmood. He was speaking at an event held in connection with the launch of a study, Enhancing Builder Finance in Pakistan, published by Karandaaz Pakistan and funded by the UK Government\u2019s Department for International Development (DFID)<\/p>\n<p>Mahmood said such mushroom growth was adding to the already existing problem of urban housing shortages in major cities. He called on the stakeholders to collaborate in addressing affordable housing challenges.<\/p>\n<p>The government plans to construct about <a href=\"https:\/\/www.zameen.com\/news\/over-285000-nphp-forms-digitised.html\">five million low-cost residential units<\/a> under its ambitious Naya Pakistan Housing Programme (NPHP) in five years. Departments concerned, overseen by a 17-member task force, are currently finalising the legal and technical frameworks. A land bank of one million kanals has already been acquired for the purpose.<\/p>\n<p>The government is also in talks with financial institutions to provide interest-free loans for the housing programme. The houses will be offered on a 20-year payment plan where the monthly instalments will be as high as PKR 18,564. The applicants will be required to pay 20% of the total amount as a down payment. Those who own a piece of land will be able to get a bank loan of PKR 600,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Urban centres in Pakistan are facing a shortage of planned residential units which, in turn, is creating urban slums, illegal habitats, and unplanned constructions, a news source quoted Prime Minister\u2019s Task Force on Housing Chairman Zaigham Mahmood. He was speaking at an event held in connection with the launch of a study, Enhancing Builder Finance in Pakistan, published by Karandaaz Pakistan and funded by the UK Government\u2019s Department for International Development (DFID) Mahmood said such mushroom growth was adding to the already existing problem of urban housing shortages in major cities. He called on the stakeholders to collaborate in addressing affordable housing challenges. The government plans to construct about five million low-cost residential units under its ambitious Naya Pakistan Housing Programme (NPHP) in five years. Departments concerned, overseen by a 17-member task force, are currently finalising the legal and technical frameworks. A land bank of one million kanals has already been acquired for the purpose. The government is also in talks with financial institutions to provide interest-free loans for the housing programme. The houses will be offered on a 20-year payment plan where the monthly instalments will be as high as PKR 18,564. The applicants will be required to&hellip;<\/p>\n","protected":false},"author":67,"featured_media":45235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[9245],"persona":[],"class_list":{"0":"post-45234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-cities-witnessing-mushroom-growth-of-slums-and-illegal-constructions"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cities witnessing mushroom growth of slums, illegal constructions - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Urban centres in Pakistan are facing a shortage of planned residential units which, in turn, is creating urban slums, illegal habitats, and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cities-witnessing-mushroom-growth-of-slums-illegal-constructions.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cities witnessing mushroom growth of slums, illegal constructions - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Urban centres in Pakistan are facing a shortage of planned residential units which, in turn, is creating urban slums, illegal habitats, and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cities-witnessing-mushroom-growth-of-slums-illegal-constructions.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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