LAHORE: The prime minister’s commitment of five million houses was being materialized speedily as the first phase of construction of 35 thousand apartments in Lahore has been started and the foundation stone of the LDA City Housing project has been laid to construct four thousand apartments.
This was stated by Chief Minister Punjab Sardar Usman Buzdar while addressing the foundation stone laying ceremony of the prime minister’s affordable housing project at Raiwind on Thursday.
While giving details, the CM said 133 locations have been identified for the prime minister’s affordable housing project in different districts. 10120 houses will be built in the first phase at 32 localities in 26 tehsils of the province, he added. It is sanguine that the project has been started at 10 different locations including Raiwind, Chunian, Mandi Bahauddin, Mianwali, Khushab, Sargodha, Chiniot, Khanewal, Multan and DG Khan, the CM told. He announced to expand the scope of this project in more tehsils while the house area has been increased from three marlas to 3.5 marlas to benefit the inhabitants. Meanwhile, the total support price of the costly land is fixed at 30 thousand to 35 thousand per marla, he further said.
The total cost of the house is around Rs 14.30 lac while the applicant will deposit Rs1.43 lac and around one million rupees will be provided by the Punjab Bank, he explained. The applicant will deposit around ten thousand monthly instalments and the Pakistan government/NAPHDA will provide three lac subsidy for each house. This way, the CM said the Rs 14 lac house will be provided at Rs 11 lac in addition to the subsidy for the piece of land. The construction work is given to FWO to ensure transparency and construction quality, the CM said. Meanwhile, the provincial cabinet has approved three billion rupees to improve the infrastructure of 32 project sites. Provision of the roof to the poor is a virtue and this is also the fulfilment of the promise made with the people of Pakistan, concluded the CM.