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PDA Officers Residencia Inaugurated by PM Imran

Islamabad: Tuesday saw the inauguration of Pakistan Housing Authority (PHA) Officers Residencia, a housing complex on Kurri Road in Rawalpindi, according to news reports (January 25). The complex consists of 588 residential units, 88 commercial units, and community centers.

Read: Aman Golf View-Karachi, Top Reasons to Invest

According to sources, the Pakistan Housing Authority completed the project at the cost of PKR 6.5 billion (PHA). In 2009, the Capital Development Authority (CDA) contributed 90 acres of land to the project. The prime minister said that the government has launched housing projects in Pakistan worth PKR 124 billion. To date, banks have extended loans totaling PKR 40 billion to the general public. He stressed the significance of housing finance and stated that the government’s mortgage program will assist low-income individuals in owning homes with simple monthly payments. The launch of construction projects worth billions of rupees has resulted in a 40 to 50 percent increase in employment, according to him.

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