{"id":68114,"date":"2020-07-18T10:00:00","date_gmt":"2020-07-18T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68114"},"modified":"2020-07-16T19:17:13","modified_gmt":"2020-07-16T14:17:13","slug":"construction-low-cost-houses-apartments-start-oct-shibli","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/construction-low-cost-houses-apartments-start-oct-shibli.html","title":{"rendered":"Construction of low-cost houses, apartments to start in Oct: Shibli"},"content":{"rendered":"\n<p>Lahore: Minister for Information Shibli Faraz on Wednesday revealed that the government would commence with the construction of low-cost houses and apartments in October, a news source reported. Addressing a news conference, he said that this project worth PKR 145 billion would begin from October 20.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/major-relief-proposed-for-low-cost-housing-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Major relief proposed for low-cost housing sector<\/a><\/p>\n\n\n\n<p>The information minister said that the government plans to start construction projects worth more than PKR 400 billion during the last quarter of this year. On the loan programme for house constructions, he revealed that people planning to build 5-marla houses would receive loans on 5% mark-up and those constructing 10-marla houses would receive loans at a 7% mark-up. He added that the public would benefit from easy instalment plans to pay back these loans.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-details-construction-industry-relief-package.html\" target=\"_blank\" rel=\"noreferrer noopener\"> FBR shares details on \u2018historic\u2019 relief package announced for construction industry<\/a><\/p>\n\n\n\n<p>Faraz said that a meeting of the National Coordination Committee on Housing, Construction, and Development \u2013 chaired by Prime Minister (PM) Imran Khan \u2013 recently discussed proposals for uplifting the construction sector. These included conducting international roadshows for construction projects in order to attract investments from overseas Pakistanis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Minister for Information Shibli Faraz on Wednesday revealed that the government would commence with the construction of low-cost houses and apartments in October, a news source reported. Addressing a news conference, he said that this project worth PKR 145 billion would begin from October 20. Read: Budget 2020-21: Major relief proposed for low-cost housing sector The information minister said that the government plans to start construction projects worth more than PKR 400 billion during the last quarter of this year. On the loan programme for house constructions, he revealed that people planning to build 5-marla houses would receive loans on 5% mark-up and those constructing 10-marla houses would receive loans at a 7% mark-up. He added that the public would benefit from easy instalment plans to pay back these loans. Read: FBR shares details on \u2018historic\u2019 relief package announced for construction industry Faraz said that a meeting of the National Coordination Committee on Housing, Construction, and Development \u2013 chaired by Prime Minister (PM) Imran Khan \u2013 recently discussed proposals for uplifting the construction sector. These included conducting international roadshows for construction projects in order to attract investments from overseas Pakistanis.<\/p>\n","protected":false},"author":68,"featured_media":66663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15016,15017],"tags":[34877],"persona":[],"class_list":{"0":"post-68114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-new-developments","9":"category-notices-announcements","10":"tag-construction-of-low-cost-houses-apartments-to-start-in-oct-shibli","11":"cat-15013-id","12":"cat-15016-id","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Construction of low-cost houses to start in Oct: Shibli - Zameen News<\/title>\n<meta name=\"description\" content=\"Minister for Information Shibli Faraz revealed that the government would commence with the construction of low-cost houses and apartments in October.\" \/>\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\/construction-low-cost-houses-apartments-start-oct-shibli.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction of low-cost houses to start in Oct: Shibli - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Minister for Information Shibli Faraz revealed that the government would commence with the construction of low-cost houses and apartments in October.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/construction-low-cost-houses-apartments-start-oct-shibli.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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