LAHORE: Prime Minister Imran Khan will inaugurate the LDA City Naya Pakistan project this week, informed Lahore Development Authority (LDA) Vice-Chairman S M Imran.
The construction of the 4000 apartments is a joint venture of LDA and Naya Pakistan Housing and Development Authority (NAPHDA) and is aimed at providing affordable housing to the low-income groups, with an easy 10-20 years instalment plan.
To ensure transparency, an escrow account dedicated to the project will be opened by the developmental authority so that the allotted funds are only used for this purpose.
The installation process will start after the owner is given possession of the apartment. Once the possession is allotted, the allottee will initially pay Rs.270,000, along with a NAPHDA subsidy worth Rs.300,000 – a total sum of Rs.570,000.
No allottee will pay any instalment during the first 18 months of construction work.
The 650 sq. ft. apartment, under the project, comprises 2 rooms, an attached and a detached bathroom, kitchen, small lounge and a balcony. Whereas, the features of the apartment building includes parks, walkways, sewerage and treatment plants and grid-stations to enable a modern lifestyle.
For news and blogs, visit Graana.com.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
