Islamabad: According to news reports, Asim Shaukat Ali, a spokeswoman for the Naya Pakistan Housing & Development Authority (NAPHDA), said on Wednesday (December 8) that the government has received over three million housing units from private builders under the Naya Pakistan Housing Programme (NPHP).
According to him, the apartments are built using the public-private partnership (3P) model in order to speed up the construction process and ensure timely delivery of the housing units.
In an interview with Radio Pakistan, Shaukat indicated that the government is committed to offering affordable housing developments to low-income families. The government has decided to initiate the Punjab Peri-urban Housing Project in this regard.
The project will have 3.5 marla home units with all of the modern conveniences and amenities. The government has granted large subsidies and support in the form of land to businesses in this respect. He also noted that the government is providing low-interest loans to qualified families through state-funded projects, allowing them to purchase their own homes.
It’s worth noting that the National Homes Partnership Program (NPHP) is the government’s flagship programme for providing low-cost housing to middle-class families. The government has pushed commercial banks to grant loans to clients who are buying or building homes under the scheme.