Balloting of NAPHDA Applicants for Jalozai Housing Scheme, Nowshera
Islamabad: Balloting of NAPHDA applicants for Jalozai Housing Scheme was conducted today at Naya Pakistan Housing and Development Authority Office Islamabad. Balloting Ceremony was attended by Chairman (NAPHDA), Lieutenant General Anwar Ali Hyder, HI(M) (Retd) and Deputy Chairman (NAPHDA) Major General Amer Aslam Khan, HI(M), T Bt (Retd) among other officials.
Prime Minister Imran Khan had earlier inaugurated 1320 low-cost housing units at Jalozai Housing Scheme, Nowshera. The project, launched by PHA/Housing Department–KPK in collaboration with Naya Pakistan Housing and Development Authority is spread over an area of 150 kanal. Out of 1320, half (50%) apartments will be offered to NAPHDA applicants. State Bank of Pakistan has declared 1252 NAPHDA applicants bankable. Intimation letters will be sent by NAPHDA to 484 successful applicants of today's balloting for signing their loan agreements with the respective banks.
Government will provide a cost subsidy of Rs.3 lac per unit. The remaining payment will be made by the individuals over a period of 10 to 20 years. The initiative is a step forward, towards implementation of the vision of the Prime Minister Imran Khan for the provision of low-cost houses to the eligible population at affordable terms.