{"id":67267,"date":"2020-06-29T13:01:06","date_gmt":"2020-06-29T08:01:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67267"},"modified":"2020-06-29T13:01:07","modified_gmt":"2020-06-29T08:01:07","slug":"punjab-for-affordable-housing-project-with-wbs-assistance","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-for-affordable-housing-project-with-wbs-assistance.html","title":{"rendered":"Punjab for affordable housing project with WB&#8217;s assistance"},"content":{"rendered":"\n<p>Islamabad: The Government of Punjab has proposed the establishment of an affordable housing project along with requesting the World Bank\u2019s (WB) support for the formulation of a comprehensive provincial housing strategy and policy to facilitate housing for low-income groups, according to a news report published today (June 29).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-prepares-soft-launch-quaid-e-azam-business-park.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab govt prepares for soft launch of Quaid-e-Azam Business Park<\/a><\/p>\n\n\n\n<p>The project cost is estimated at USD 350 million, out of which USD 300 million will be provided by the WB\u2019s International Development Association (IDA). The WB will evaluate the proposal after the COVID-19 pandemic situation is stabilised.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-pkr-7-5bn-earmarked-development-multan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: PKR 7.5bn earmarked for development in Multan<\/a><\/p>\n\n\n\n<p>Moreover, the housing project will also address the demand-supply conundrums of the housing value chain. The said solutions will be replicated in other provinces after successful implementation. The project proposal suggests that to provide affordable <a href=\"https:\/\/www.zameen.com\/news\/timeline-set-to-issue-noc-for-housing-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">housing in Punjab<\/a>, a long-term and multi-pronged approach is required. It will cover access to land with basic infrastructure, construction, building and planning regulations, and end-user finance.<\/p>\n\n\n\n<p>Additionally, the proposal suggests the government to switch from acting as a \u2018housing provider\u2019 to a \u2018market enabler\u2019. This development will incentivise the private sector to support affordable housing value-chain segments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Government of Punjab has proposed the establishment of an affordable housing project along with requesting the World Bank\u2019s (WB) support for the formulation of a comprehensive provincial housing strategy and policy to facilitate housing for low-income groups, according to a news report published today (June 29). Read: Punjab govt prepares for soft launch of Quaid-e-Azam Business Park The project cost is estimated at USD 350 million, out of which USD 300 million will be provided by the WB\u2019s International Development Association (IDA). The WB will evaluate the proposal after the COVID-19 pandemic situation is stabilised. Read: Punjab Budget 2020-21: PKR 7.5bn earmarked for development in Multan Moreover, the housing project will also address the demand-supply conundrums of the housing value chain. The said solutions will be replicated in other provinces after successful implementation. The project proposal suggests that to provide affordable housing in Punjab, a long-term and multi-pronged approach is required. It will cover access to land with basic infrastructure, construction, building and planning regulations, and end-user finance. Additionally, the proposal suggests the government to switch from acting as a \u2018housing provider\u2019 to a \u2018market enabler\u2019. This development will incentivise the private sector to support affordable housing value-chain&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,20385],"tags":[33032,33031,33030,21890],"persona":[],"class_list":{"0":"post-67267","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-development-projects","9":"tag-affordable-housing-in-punjab","10":"tag-punjab-affordable-housing","11":"tag-punjab-for-affordable-housing-project-with-wb-assistance","12":"tag-world-bank-wb","13":"cat-15013-id","14":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab for affordable housing project with WB&#039;s assistance - Zameen News<\/title>\n<meta name=\"description\" content=\"Punjab has proposed the establishment of an affordable housing project along with requesting the World Bank\u2019s (WB) support for the formulation of a strategy\" \/>\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\/punjab-for-affordable-housing-project-with-wbs-assistance.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab for affordable housing project with WB&#039;s assistance - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Punjab has proposed the establishment of an affordable housing project along with requesting the World Bank\u2019s (WB) support for the formulation of a strategy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-for-affordable-housing-project-with-wbs-assistance.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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