Rs0.3 mln subsidy on each house under Naya Pakistan Housing programme: PM Imran

[Morpheus]

Rs0.3 mln subsidy on each house under Naya Pakistan Housing programme: PM Imran

Abdul Qadir On Jul 10, 2020

ISLAMABAD: Prime Minister Imran Khan has announced that the federal government will provide around 0.3 million subsidy on each house to be constructed under the Naya Pakistan Housing Program, ARY News reported on Friday.

The premier made the announcement for allocating Rs30 billion funds for providing subsidy on the construction of each house under Naya Pakistan Housing Program (NPHP).

After chairing a high-level meeting of National Coordination Committee (NCC) on Housing and Development today, PM Imran Khan said NPHP was initiated by the present government to provide an opportunity to the poor people to build their own houses. He said that countries around the world made special allocations for housing, as well as the banks were providing housing loans.

Imran Khan said that the government faced many difficulties to make progress in the project as banks would only provide house financing facility until they get satisfied for the payments of the instalments. The committee constituted by the federal government will remove barricades in the housing scheme.

The coronavirus pandemic has created severe economic crisis around the world, however, the federal government provided a subsidy of Rs30 billion for NPHP.

“In its first phase, 100,000 houses will be constructed under NPHP and around Rs0.3 million subsidy will be given on each house. Five per cent interest would be charged on loans acquired from banks for the construction of the five-marla house and seven per cent interest for 10-marla house. The government has asked the banks to set up five per cent portfolio only for construction. The overall amount would be Rs330 billion. The coordination committee will remove all barricades for the progress of NPHP related to the banks.”

https://arynews.tv/en/pm-imran-khan-naya-pakistan-housing-program-home-financing/

--------------

 

[Pandora]

This project will be a game changer helping lower middle and middle class get out of that rental trap. People might not realize it now but this initiative is crucial if we dont want majority of population living in rental housing for rest of their lives. Not to mention the economic boost that will revitalize our economy at this crucial time.

 

[خره مينه لګته وي]

“In its first phase, 100,000 houses will be constructed under NPHP

More than 1.9 million applied for this housing scheme & they (govt) will build only 100k in phase one, i don't know for how long this scheme will go on & when next govt comes in then same corruption + delays + maybe they'll altogether scrap it bcz it was another party project (pti)...

I hope PTI Govt would build these housing projects on similar speed as the Chinese have been doing i hope they'll be able to build 1.9 million houses in next 7 to 8 years years, if PTI wins the next general elections

.
.
.
.
ISLAMABAD - As many as 5,515 transgender people, 9,325 divorced women and 34,654 widows have applied for the Prime Minister’s Naya Pakistan Housing Project earlier announced to provide affordable and cheap housing facilities to the poor and the needy.

According to the data shared by the National Database and Registration Authority (NADRA), over 1.9 million people have so far applied for the project with only seven days have left to reach deadline of submission of the applications for the project. Besides transgender people, widows and divorced women, 184,355 people living in the katchi abadis of the country and 715,473 labourers have also applied.
.
.
.
.
It's a good initiative

 

[Samlee]

Good Step But Instead Of Houses It Should Be Apartments.We Should Move Vertical Otherwise More Agriculture Land Will Be Eaten Up By Real Estate

 

[Pandora]

Good Step But Instead Of Houses It Should Be Apartments.We Should Move Vertical Otherwise More Agriculture Land Will Be Eaten Up By Real Estate

Yeah that is good idea. Apartment housing is more affordable than building houses on such a large scale.

 

[AZADPAKISTAN2009]

Instead of Subsidy , it should be a loan , which small income families can reliably pay monthly

• Apartment housing makes sense but it requires a yearly maintenance
• Clean up of shared area
• Making sure electronics work across building
• Making sure painting is done every few years

Apartments with no maintenance become a slum in 5-6 years

If money cannot be paid , people should be asked to Volunteer for Government in return for discounts on home payment or Food Discount tickets

• Join city drive by Government to plant tree become volunteer
• Join National Drive to paint neighborhoods
• Join National Drive to clean up Playgrounds

 

[Hiraa]

These 5 marlas and 10 marlas are not going to cut it,atleast in metropolian cities. The demand is rising exponentially. And high density housing can deliver here. Less land used to accommodate more population.

 

[Yaseen1]

govt should ensure that construction and real estate companies not use this subsidy for their own profitability instead of passing benefit to poor public

 

[BATMAN]

Very Unclear.
Is it only for 30% population which voted PTI or any one who undertake house construction will be given 30 million?

 

[Hiraa]

Government is building a new city close to Lahore on 1 lakh acre land
https://dailytimes.com.pk/638694/cm-approves-establishment-of-river-ravi-front-authority/

Which side? Hopefully going towards west side rather than east.

 

[Pakistan Space Agency]

So, nearly after two-years of mis-rule, the Pakistan Tehrik-e-Insaf Government has not even built one house yet when they promised to build 5 million within five-years.

But hey, they managed to lose Kashmir within the first-year.

Pathetic.

 

[Samlee]

So, nearly after two-years of mis-rule, the Pakistan Tehrik-e-Insaf Government has not even built one house yet when they promised to build 5 million within five-years.

But hey, they managed to lose Kashmir within the first-year.

Pathetic.

You Patwaris Never Leave Any Opportunity To Show The World What Stunning Idiots You Are

Instead of Subsidy , it should be a loan , which small income families can reliably pay monthly

• Apartment housing makes sense but it requires a yearly maintenance
• Clean up of shared area
• Making sure electronics work across building
• Making sure painting is done every few years

Apartments with no maintenance become a slum in 5-6 years

If money cannot be paid , people should be asked to Volunteer for Government in return for discounts on home payment or Food Discount tickets

• Join city drive by Government to plant tree become volunteer
• Join National Drive to paint neighborhoods
• Join National Drive to clean up Playgrounds

This Is Exactly What Deng Xiaoping Did In China He Got People To Work On Large Scale Public Works In Retuen For Food Rations

 

[El Sidd]

Corruption scam

 

[خره مينه لګته وي]

Thank You #ImranKhan