Friday, September 30, 2022

CM Buzdar performs balloting of PM Peri-Urban Affordable Housing project

CM Buzdar performs balloting of PM Peri-Urban Affordable Housing project

LAHORE (92 News) – Punjab Chief Minister Sardar Usman Buzdar performed the balloting of PM Peri-Urban Affordable Housing Project – a scheme of providing 3.5 marla houses at Rs17.5 lakh each to low-income families with Rs6,526 monthly instalments spanning over 20 years, for three tehsils.

Addressing the gathering, the CM congratulated the successful applicants. He termed it an important project of the PTI government as practical steps have been taken for the homeless to fulfil their dream of a home.

"In line with the vision of PM Imran Khan, the provincial government is striving for introducing an affordable housing project in every tehsil and district as 133 locations have been identified across the province. The Naya Pakistan Housing Development Authority has completed the survey of 54 locations," he mentioned. He said that in the first phase, the NAPHDA has made recommendations for setting up more than 10,000 housing units at 32 sites.

Buzdar said that the government was providing state lands at Rs10,000 per marla while setting up a revolving fund of Rs3 billion for infrastructure work development on the project. He said that the successful applicants would be eligible for mortgage finance/loans.

"A consortium of banks headed by the Bank of Punjab is providing mortgage finance facilities. The affordable housing project would be completed by FWO and NLC, while ECSP has been appointed as a project consultant to ensure construction quality. Construction work of 245 houses at Raiwind, 324 houses in Sargodha and 270 housing units in Chiniot is nearing completion. The government is committed to fulfilling all the promises made to the people," the CM concluded.

SACM Hasaan Khawar, chief secretary, SMBR, Principal Secretary to CM, Chairman NAPHDA Lt Anwar Ali Haider and others were also present.