The bidding companies have submitted their proposals to Federal Government Employees Housing Foundation (FGEHF).
Lahore (Pakistan Point News – 1st December, 2018) At least 41 bidders have shown their interest in Prime Minister Naya Pakistan Housing Scheme Project aimed to build 5 million houses for the poor.
The bidders have offered land for plots, apartments and houses in major cities of the country under the scheme.
The bidding companies have submitted their proposals to Federal Government Employees Housing Foundation (FGEHF).
The incumbent government is negotiating with the banking sector and other financial institutions to provide interest free loans for construction of houses under Naya Pakistan Housing Program.
The duration for payment of loan would be 15-20 years and Rs 5000 to Rs 6000 would be received as instalment on monthly basis.
The complete framework would be finalized this month and construction of houses in three districts of Punjab under the scheme will start from January 1, 2019.
