{"id":73578,"date":"2021-01-20T14:22:38","date_gmt":"2021-01-20T09:22:38","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=73578"},"modified":"2021-01-20T14:22:38","modified_gmt":"2021-01-20T09:22:38","slug":"instalment-breakdown-of-govts-affordable-housing","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/instalment-breakdown-of-govts-affordable-housing.html","title":{"rendered":"Instalment breakdown of govt\u2019s affordable housing initiative unveiled"},"content":{"rendered":"\n<p>Islamabad: The federal government, State Bank of Pakistan (SBP) and the Naya Pakistan Housing and Development Authority (NAPHDA) have publicised the payment plan and instalment breakdown for the markup subsidy announced for the \u2018Mera Pakistan \u2013 Mera Ghar\u2019 initiative, as per an advertisement published in a major newspaper today (January 20).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-forms-rules-to-facilitate-low-cost-housing-schemes.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab approves NPHP Ordinance 2020; forms rules to facilitate low cost housing schemes<\/a><\/p>\n\n\n\n<p>As per the details revealed, the government is offering home loans of up to PKR 5 million for a tenure of 10 to 20 years \u2013 at a subsidised markup rate of 5% (for up to 5-marla NAPHDA and Non-NAPHDA Tier 1 and 2 housing projects) and 7% (for Tier 3, Non-NAPHDA housing projects).<\/p>\n\n\n\n<p>The monthly instalment for the first five years of the 20-year loan facility is set between PKR 6,600 and PKR 38,765 per month. The following image will offer you a better overview of the housing finance facility being offered by the government:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"678\" src=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1-1024x678.jpg\" alt=\"\" class=\"wp-image-73579\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1-1024x678.jpg 1024w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1-300x199.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1-768x508.jpg 768w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1-604x400.jpg 604w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1-347x230.jpg 347w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/01\/image-1.jpg 1314w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>A snapshot of the payment plan for Mera Pakistan \u2013 Mera Ghar. Image Courtesy: DAWN<\/figcaption><\/figure>\n\n\n\n<p>Individuals, who want to avail this subsidy facility are requested to visit a domestic commercial bank branch of their choosing or the office of the House Building Finance Company (HBFCL).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lda-decides-increase-number-low-cost-lda-city-apartment.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA decides to increase number of low cost LDA City apartments<\/a><\/p>\n\n\n\n<p>Reportedly, the <a href=\"https:\/\/www.zameen.com\/news\/subsidies-offered-on-construction-of-low-cost-houses.html\" target=\"_blank\" rel=\"noreferrer noopener\">government<\/a> has allocated over PKR 33 billion for this facility. Also, PKR 300,000 cost subsidy will be offered to the first 100,000 housing units (under NAPHDA projects). Moreover, there is a 90% tax waiver on the construction of these units and exemption of withholding taxes on several construction materials. Not to mention that the government has also reduced the import duties for machinery and plants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government, State Bank of Pakistan (SBP) and the Naya Pakistan Housing and Development Authority (NAPHDA) have publicised the payment plan and instalment breakdown for the markup subsidy announced for the \u2018Mera Pakistan \u2013 Mera Ghar\u2019 initiative, as per an advertisement published in a major newspaper today (January 20). Read: Punjab approves NPHP Ordinance 2020; forms rules to facilitate low cost housing schemes As per the details revealed, the government is offering home loans of up to PKR 5 million for a tenure of 10 to 20 years \u2013 at a subsidised markup rate of 5% (for up to 5-marla NAPHDA and Non-NAPHDA Tier 1 and 2 housing projects) and 7% (for Tier 3, Non-NAPHDA housing projects). The monthly instalment for the first five years of the 20-year loan facility is set between PKR 6,600 and PKR 38,765 per month. The following image will offer you a better overview of the housing finance facility being offered by the government: Individuals, who want to avail this subsidy facility are requested to visit a domestic commercial bank branch of their choosing or the office of the House Building Finance Company (HBFCL). Read: LDA decides to increase number of low cost&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[44981,21515,23818],"persona":[],"class_list":{"0":"post-73578","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-instalment-breakdown-of-govts-affordable-housing-initiative-unveiled","10":"tag-naya-pakistan-housing-and-development-authority-naphda","11":"tag-state-bank-of-pakistan-sbp-on-wednesday","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>Instalment breakdown of govt\u2019s affordable housing initiative unveiled - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government, State Bank of Pakistan (SBP) and the Naya Pakistan Housing and Development Authority (NAPHDA) have publicised the\" \/>\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\/instalment-breakdown-of-govts-affordable-housing.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Instalment breakdown of govt\u2019s affordable housing initiative unveiled - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government, State Bank of Pakistan (SBP) and the Naya Pakistan Housing and Development Authority (NAPHDA) have publicised the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/instalment-breakdown-of-govts-affordable-housing.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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