CM Buzdar performs balloting of PM Peri-Urban Low-Cost Housing Project
LAHORE – Punjab Chief Minister Sardar Usman Buzdar Friday performed the balloting of PM Peri-Urban Affordable Housing Project—a scheme for providing 3.5 Marla houses at Rs1750,000 each to low-income families at Rs6,526 monthly installments in 20 years.
The CM performed the balloting for three tehsils at his office here and congratulated the successful applicants.
Special Assistant to Chief Minister (SACM) Hasaan Khawar, Punjab chief secretary, SMBR, Principal Secretary to CM, NAPHDA Chairman Lt Gen (retd) Anwar Ali Haider and others were also present.
Addressing the gathering, the CM termed it an important project of the PTI government as practical steps had 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,” he stated.
“Naya Pakistan Housing Development Authority (NPHDA) has completed the survey of 54 locations,” he mentioned. “In the first phase, NAPHDA has made recommendations for setting up more than 10,000 housing units at 32 sites,” he added.
Chief Minister Usman Buzdar said that the government was providing state lands at Rs10,000 per Marla and setting up a revolving fund of Rs3 billion for infrastructure development on the project. He further 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,” he added.
“The affordable housing project will be completed by FWO and NLC. The ECSP has been appointed as a project consultant to ensure construction quality. Construction of 245 houses at Raiwind, 324 houses in Sargodha and 270 housing units in Chiniot is near completion,” he noted. “The government is committed to fulfilling all promises made to the people,” the CM concluded.