Table of Contents

Construction Industry Seeks Financial Relief from Government

As construction material prices increase on the market, the construction industry in LAHORE is requesting government assistance. The high cost of construction materials has a significant impact on developers and ongoing public sector projects.

Read: FWO Provides Update on the Peri-urban Housing Project’s Progress

In a media briefing, the head of the Construction Association, Mr. Kamal Nasir Khan, said that construction material prices have grown by up to 75% in the last two months. The current increase in material costs has impeded the progress of ongoing public sector projects.

Read: 5 Best Work Planner Apps for The New Year 2023

The market prices increased by 10 to 15%, and the public sector developers must shoulder 60% of the increased expenses. In addition, provincial contractors’ projects do not account for the new rates. To complete their ongoing projects, builders and contractors are pursuing minor loans from banks. Mr. Chairman further stated at the meeting that about 80% of public sector development projects are awarded to small builders and developers.

For further news and updates please visit:Al Sadat Marketing.

You can also invest in other famous and most in demand housing societies, such as , Blue World CityRudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom ValleyNew Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart CitySilver City Islamabad, The Life ResidenciaFaisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Leave a Reply

Your email address will not be published. Required fields are marked *

Avail Discount on Installments through GFS-AIR (Advance Installment Receipt)

Get GFS - AIR Discount Forms