ISLAMABAD: The federal government has unveiled a proposal to launch a new housing initiative aimed at providing affordable homes for low- to middle-income families. The plan is designed to ease the housing shortage and support urban development while stimulating the construction sector.
Key Features:
- Subsidised Scheme: The proposed scheme will offer housing units at reduced prices, with special financing options and low-cost mortgages tailored to salaried and vulnerable households.
- Public–Private Model: The government will partner with private developers and financial institutions to fast-track construction and ensure quality standards.
- Priority Allocation: Preference will be given to teachers, health workers, government employees, and economically disadvantaged groups, ensuring fair and equitable access.
- Urban Support: The scheme includes developing new housing colonies near major cities with infrastructure investments in roads, water, electricity, and public transport links.
Objectives:
Officials say the project aims to bridge the affordable housing gap, generate employment in construction and related industries, and improve living standards, especially in expanding urban areas.
Implementation Timeline:
Initial planning and land allocation are underway, with pilot projects expected to begin within six months. The authorities expect to complete the first phase—comprising several thousand units—within two years, pending funding and logistic approvals.
Analyst View:
Experts welcome the plan but emphasise the need for transparent pricing, robust project management, and clear timelines to prevent delays and overspending. They note that successful delivery could help stabilise the housing market and boost investor confidence.
This story has been reported by PakTribune. All rights reserved.
