- Punjab launches the 'Apni Chat, Apna Ghar' housing project for low-income families.
- The project offers a unique payment plan with monthly installments.
- It targets six major cities in Punjab, including Lahore, Rawalpindi, Faisalabad, Sialkot, Multan, and Sargodha.
At a modest price of Rs 1.5 million per apartment, this project opens up affordable housing options for many families. The initiative is set to commence in key cities such as Lahore, Rawalpindi, Faisalabad, Sialkot, Multan, and Sargodha, ensuring broad geographical coverage.
The Social Protection Authority has been entrusted with the responsibility of devising the guidelines and procedures for this initiative, guaranteeing a transparent and equitable process for aspiring homeowners. In a move to spur construction activities, the Punjab government is extending a substantial 60% subsidy, enabling buyers to acquire apartments by paying only 40% of the total cost in manageable installments.
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The inaugural phase of the project will witness the construction of 5,000 apartments along Raiwind Road in Lahore, signaling the commencement of this transformative housing endeavor. This initiative underscores Punjab's unwavering dedication to delivering affordable and high-quality housing options, laying the groundwork for a brighter and more secure future for its residents.
