Lahore: According to various news reports, the Punjab government is set to launch yet another low-cost peri-urban housing scheme in Raiwind today, with 556 residential units planned.
Imran Khan, Pakistan’s Prime Minister, is expected to hold a groundbreaking ceremony in Raiwind, according to the provincial government. At the same time, the PM is expected to practically witness the groundbreaking of low-cost housing projects at ten other sites as part of this peri-urban scheme.
The project calls for the development of 1800 low-cost housing units in tehsils such as Chiniot, Chunian, DG Khan, Jalalpur Pirwala, Khanewal, Khushab, Mandi Bahauddin, Mianwali, and Sargodha.
The Punjab Peri Urban Low-cost Housing Scheme, a joint project of the Punjab government and the Naya Pakistan Housing and Development Authority (NAPHDA), is intended for the underprivileged members of society to be able to own their homes.
The peri-urban housing scheme will be completed in phases, with NAPHDA recommending forty-one sites in thirty-nine tehsils for the first phase. On these sites, a total of ten thousand housing units will be built, with the federal government providing a subsidy of PKR 300,000 and a fixed markup rate of 3%.