Mortgage financing facility to enable people to build affordable houses

Mortgage financing facility to enable people to build affordable houses, said Special Assistant to Prime Minister on Political Communication Shahbaz Gill.

He said that the present government has created an enabling environment for the promotion of housing sector in the country.

Gill said this, while addressing a news conference in Islamabad on Friday.

Peri-urban housing scheme in Punjab from next month

He noted that the mortgage financing facility which the government has introduced will enable the people to build and own affordable houses.

Shahbaz Gill said that they are launching a peri-urban housing scheme in Punjab from next month.

In the first phase, they will execute the scheme on a land of three thousand kanal in twenty six tehsils of the province.

Moreover, he said under this project, they would provide houses to the low income groups on easy installments.

He said a house in this housing scheme will cost Rs 1.4 million in total.

Shahbaz Gill said they would later expand peri urban housing project to all tehsils of Punjab.

He further said that work on another housing project will begin in Farash Town, Islamabad next month.

He said four thousand apartments will be built in it and each apartment will cost 2.7 million rupees.

Furthermore, he said the government would also give journalists apartments in this housing scheme meant for low income groups.

GTV