Under the visionary leadership of Chief Minister Maryam Nawaz Sharif, the Punjab government has launched the ‘Apni Chhat Apna Ghar’ scheme to address the urgent housing needs of deserving and needy families. With its accessible and affordable housing options, this ground-breaking project has the potential to completely transform Punjab’s housing market. Here is a detailed examination of the scheme’s main components:
Contents
Principal Aims of the Apni Chat Apna Ghar Scheme
The ‘Apni Chat Apna Ghar‘ scheme aims to build an impressive 50,000 homes, with the ultimate goal of providing aid to 1 lakh families throughout Punjab. To ensure broad coverage and accessibility, the scheme will be introduced in major cities such as Lahore, Rawalpindi, Faisalabad, Sialkot, Multan, and Sargodha. The program will include a sizeable 60% subsidy, which will greatly lessen the financial burden on potential purchasers. Only a 40% down payment will be needed from buyers; the remaining balance can be paid in convenient installments over five years.
Construction of houses in the first Phase
This massive project will begin with the construction of 5,000 apartments in the first phase near Raiwind Road in Lahore. In addition, these apartments will be sold with monthly payments as low as Rs 26,000, making home ownership accessible to those with modest incomes. Maryam Nawaz, the chief minister of Punjab, has directed officials to establish low initial payments and monthly installments so that people from all income levels can continue to participate in the program.
| Scheme Name | Apni Chat Apna Ghar Scheme |
| Target | 50,000 homes; aid for 1 lakh families in Punjab |
| Target Locations | Lahore, Rawalpindi, Faisalabad, Sialkot, Multan, Sargodha |
| Subsidy | 60% subsidy |
| Down Payment | 40% |
| Instalment Period | Five years |
Conclusion
Ultimately, the ‘Apni Chhat Apna Ghar Scheme’ is evidence of the Punjab government’s steadfast commitment to uplifting marginalized communities and offering them a means of achieving a dignified life. With its creative methodology, substantial subsidies, and emphasis on accessibility and quality, the program has the potential to revolutionize Punjab’s housing market and enhance the lives of countless families throughout the area.
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FAQs
How many apartments will be built in the first phase?
This massive project will begin with the construction of 5,000 apartments in the first phase near Raiwind Road in Lahore.
What are the monthly installments for the ‘Apni Chhat Apna Ghar Scheme’ 2024?
These apartments will be sold with monthly payments as low as Rs 26,000, making home ownership accessible to those with modest incomes.