News

Check out market updates

Pakistan Housing Authority constructs flats/apartments for general public under PM housing scheme

Islamabad: Pakistan Housing Authority (PHA) will construct apartments/flats for general public under Prime Minister Housing Scheme to address the shortage of houses in the federal capital.

According to official sources, the PHA has invited Expression of Interest (EOI) from interested well reputed national and international firms to submit their proposals for development of mega housing schemes of row houses/apartments in and around Islamabad.

Two categories of flats/apartments measuring 1100, 900 square feet will be constructed under the scheme, they said, adding that such kind of schemes for federal government employees is already in progress in the federal capital.

Under the scheme, the PHA had invited applications from the general public till December 31, 2008 and later extended the date to January 15, 2009 due to high demand from the public. The price of ‘C’ category flat has been fixed as Rs five million for ground floor and Rs 4.8 million for third floor, while the price of ‘D’ category flat has been fixed as Rs 3.5 million for ground floor and Rs 3.2 million for third floor.

However, the general public have demanded of the government to make the prices of these flats reasonable as such categories of flats are available with these prices in the open market. They said that Prime Minister Yusuf Raza Gilani in his maiden speech in the National Assembly had announced that one million houses/flats would be constructed for general public and government employees throughout the country on reasonable prices.

The sources said that the PHA has recently been tasked to undertake housing schemes for the officers of Federally Constituted Occupation Groups and for the low paid employees of the federal government. There is a shortage of over seven million housing units in the country and the problem is deteriorating day by day.

Besides the general public the federal government employees in the country in general and in the federal capital in particular are facing a lot of problems due to shortage of government houses and there is a dire need to launch mega housing schemes for them on war footing, they said.

The FG employees would be able to get loans from the House Building Finance Corporation, they added. The sources said that the Ministry of Housing and Works is working on war footing to materialise the scheme to meet shortage of houses in the country.

Source: Daily Times

Discuss, analyse & share your views (kindly avoid sharing your email & contact number for your safety)