Islamabad: According to press reports, Prime Minister Imran Khan visited the Naya Pakistan Housing Project (NPHP) building site in Farash Town, Islamabad’s suburbs, on Friday (November 19) to evaluate progress on under-construction flats.
Read More: Launch of Naya Pakistan Apartments this Friday; application submission deadline finishes tomorrow
According to reports, the Capital Development Authority (CDA), Frontier Works Organization (FWO), and Naya Pakistan Housing and Development Authority (NAPHDA) are teaming together to build 4,400 apartments.
PM Imran Khan has been notified that development work is proceeding according to plan. The minister stated that the incumbent administration gave a 90 percent tax break to the construction industry.
PM Khan revealed that 52,500 housing units are currently under construction, with 20,000 already supplied through Akhuwat and the Workers Welfare Fund. In April of this year, the Prime Minister laid the foundation stone for an apartment project in Farash Town.
According to the information supplied, the project will cost PKR 15.3 billion and will be built on a 70-kanal plot of land. 2,000 flats were set aside for low-income families, 400 for slum inhabitants, and the other 2,000 were set up for salaried and middle-income families. Furthermore, the government would grant a PKR 300,000 subsidy and easy financing as part of this project.
Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.