Punjab govt announces scheme to provide 100,000 apartments to citizens in 6 cities

The Punjab government has unveiled a new housing scheme aimed at providing 100,000 apartments to citizens in six cities with monthly instalments of Rs26,000.
According to the 24News HD TV channel, the total price of the apartment is Rs1.5 million only.
The Housing Department has presented initial recommendations to the provincial government for its 'Apni Chat, Apna Ghar' project.
The scheme will initially roll out in Lahore, Rawalpindi, Faisalabad, Sialkot, Multan, and Sargodha.
The Punjab government has directed the Social Protection Authority to formulate rules and regulations for the scheme.
To encourage the construction of these apartments, the Punjab government will provide a 60 per cent subsidy while prospective homeowners will be able to purchase apartments by paying 40 per cent of the total cost in instalments.
As per the recommendations presented to the government, the construction of 5,000 apartments is planned on Raiwind Road in Lahore.

Reporter: Ali Ramey