According to a news story shared in local dailies, The Government of Punjab recently approved the development of low-cost housing projects in 10 cities. The initiative of Prime Minister Imran Khan’s Naya Pakistan Housing Programme (NPHP) has brought this project forwards. The development work on these housing ventures is to be completed with collaboration with private investors, developers, builders, etc.
According to the details given by Punjab Minister for Housing and Urban Development Mian Mehmood-ur-Rasheed, many investors, developers, and builders have already approached the Punjab Housing and Town Planning Agency (PHATA) for the development of this project.
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The government has decided to collaborate with the private entities to provide minimum-cost housing units and plots in Rawalpindi, Faisalabad, Lahore, Sialkot, Lodhran, Hazru, Chistian, Chinot, and Patoki.
PHATA was instructed to carry out the relevant process to examine the applications submitted by the developers and contractors that were interested in developing NPHP projects.
The government is liable to provide 39,000 minimum-cost plots in Lahore and Faisalabad for these cost-effective housing projects, on an area of about 20,531 acres. The sources also disclosed that these schemes would include 175,000 residential plots with 44,927 plots consisting of 3 Marla and 38,662 plots of 5 Marla.
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