USD 435 million Funds for Housing Projects in Pakistan Approved by World Bank
Islamabad: Friday, the World Bank’s Board of Executive Directors approved $435 million for three housing and land projects in Pakistan, according to media reports (March 11). Pakistan Housing Finance, Punjab Affordable Housing Program, and Punjab Urban Land Systems Enhancement are among the initiatives mentioned.
According to the studies, these three programs will give easy access to housing finance for low-income households, boost affordable housing building in urban Punjab, and strengthen land tenure rights. In addition, the aforementioned projects will assist to addressing the nation’s housing needs by leveraging the private sector and facilitating access to mortgage options for individuals who are unable to get financing for the purchase of a home.
In addition, an additional USD 85 million has been provided to the Pakistan Housing Finance Project in order to promote the credit risk-sharing facility that was launched in 2018. According to sources, the funding will aid 70,000 Pakistani first-time homebuyers (who are eligible for the Mera Pakistan, Mera Ghar initiative). The Punjab Affordable Housing Programme has been allocated USD 200 million in order to increase the supply of affordable housing. Through this program, the government will be able to foster an atmosphere that encourages private investment in mixed-income housing complexes.
The Punjab Urban Land Systems Enhancement Project received an additional 150 million dollars. As part of this endeavor, a province-wide digital inventory of lands and deeds will be compiled to assist the government in improving its land registry.
For more updates, stay tuned to Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
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 City, Silver City Islamabad, The Life Residencia, Faisal 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