Islamabad: The Government of Pakistan has announced that it has a plan in place to construct 2-marla and 4-marla affordable houses and apartments, work on which will start in the next two months, reported a news source. The price of these units will range between PKR 800,000 and PKR 1,200,000 respectively.
As per the news report, 2.5 million of these houses will be built in various cities of Punjab including Lahore. Under this projects, homes will be launched in three categories to accommodate various income groups.
First category will feature homes for the labour class, second category for the lower middle class, and the third category will be for the middle class. These houses or flats will be offered on a 10% to 25% down payment.
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Samra Zulfiqar
Samra Zulfiqar is a Real Estate Analyst at Zameen Media (Pvt) Ltd. You can also find and follow her on Google+.