Lahore: Prices of low-cost housing units, which are being constructed under the government’s Naya Pakistan Housing Programme (NPHP) initiative, have increased by PKR 330,000 and a single unit will now cost PKR 1,430,000 instead of the previous price of PKR 1,100,000 – a news source reported on March 29.
According to the details revealed, the Punjab government intends to construct 10,000 low-cost houses in Lahore and other localities of the city under the project’s inaugural phase. The executive has already identified chunks of land in Lahore’s Raiwind locality and 33 other tehsils for the project. Further, the monthly instalment amount has reportedly increased from PKR 7,000 to PKR 12,000.
According to sources, the province’s Housing, Urban Development and Public Health Engineering Department (HUD & PHED) has taken the provincial government into confidence regarding the said increase in prices of NPHP units in Lahore. The news report further stated that surge in prices is attributed to construction quality and change in project design.
It is pertinent to mention that the Housing Task Force had been directed to submit layout plan regarding the construction of low-cost houses and apartments in Lahore within one month. The localities identified for NPHP Lahore include Barki Road, Maraka (Multan Road), Ashiana Housing Scheme, and LDA City.
