According to a post on the authority’s official Facebook handle, the Lahore Development Authority (LDA) has urged the 2,000 allottees of LDA Naya Pakistan Housing Apartments to register for the subsidy provided by the Naya Pakistan Housing & Development Authority (NAPHDA) by tomorrow (June 25, 2021).
The LDA has urged the successful allottees to fill up their credentials in the form available on the LDA official website https://lda.gop.pk to receive the benefit of a PKR 0.3 million subsidy offered by the NAPHDA.
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NAPHDA would provide a subsidy of PKR 0.3 million to 2,000 government employees who have obtained an apartment in the LDA Naya Pakistan Apartments project through a recent ballot. The approved flat is 650 square yards in size and will cost 2.7 million dollars.
According to the authority’s previous announcement, individuals who receive the additional NAPHDA subsidy will be required to pay a 10% down payment, while the rest of the applicants would be required to pay a 21% down payment with monthly payments due after possession.
The deadline to apply for the subsidy is June 25, and beyond that date, the NAPHDA will assess the application to see if it is eligible. For added convenience, the LDA claims that all relevant information, including bank data, is also available on the website.