PM Launches Peri-Urban Housing Project in Lahore
Prime Minister Imran Khan unveiled a peri-urban low-cost housing scheme project at Raiwind on Thursday, which will be constructed at ten sites to assist low-income individuals residing in smaller cities and rural areas of the province.
The Punjab government and the Naya Pakistan Housing and Development Authority are working in collaboration to complete the project. The prime minister also virtually launched work at Chiniot, Dera Ghazi Khan, Chunian, Khanewal, Khushab, Mandi Bahauddin, Mianwali, Jalalpur Pirwalla, and Sargodha. The residential colonies, which will have 100 to 500 housing units, will be built in the province’s suburbs and rural areas. The property, for this reason, would be given at an ‘affordable’ price by the Board of Revenue.
The Board of Revenue has established 133 places in 35 Punjab districts. In the first stage, funds were given to the Punjab government for the construction of land and facilities on these sites. Under the prime minister’s markup subsidy program, the federal government is offering a subsidy on each housing unit when making mortgage arrangements.
The sites will be prepared by the Frontier Works Organization (FWO) and the National Logistic Cell (NLC), and small housing units of 3.5 marlas each will be constructed. These sites would have the ability to expand, allowing for the addition of up to 4,000 homes. It will be gradually extended to 143 tehsils in Punjab province.