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Rs.60b Approves for Mera Pakistan Mera Ghar Housing Scheme

Mera Pakistan Mera Ghar (MPMG), the government’s price subsidised housing project, has gained momentum as the country’s commercial banks have granted an approximately Rs. 60 billion financing facility for consumers residing in different locations by the end of August 2021.

Read: Top 10 Challenges in Real Estate Industry of Pakistan

According to data supplied by the State Bank of Pakistan (SBP), banks have received applications totaling Rs. 154 billion since the start of the government’s flagship program. By August 31, 2021, the scheme’s disbursements had reached Rs 11.5 billion, an increase of around Rs 3.8 billion or 49% from the previous month.

In addition, the SBP has assigned MPMG targets to each bank. In addition, each bank has implemented an e-tracking system and a joint phone center for the convenience of applicants.

Read: Top 10 Real Estate Marketing Strategies in September 2022

The Naya Pakistan Housing Development Authority (NAPHDA) and the Pakistan Banks’ Association (PBA), a representative group of banks, endorse the MPMG in its entirety.

With the continuous efforts of SBP, the government, and banks, it is anticipated that bank funding for MPMG would gather speed in the coming days.

Please contact Al Sadat Marketing for further assistance.

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Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad 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.

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