Model Town Housing Scheme Sargodha

Introduction

The Model Town Housing Scheme – Sargodha, spreading over an area of 410 acres, was initiated by Sargodha Improvement Trust (SIT) in 1991. SIT intends to revive/reinitiate the non-functional/dormant Residential Housing Scheme through its rehabilitation, completion of remaining development works, handing over of already allocated plots to owners and sale of leftover plots through balloting through PPP mode.

Location

5-Km Lahore-Sargodha Road, Sargodha.

Proposal Type

Unsolicited Proposal

Estimated Cost

PKR 1,249 million

Construction Period

3 Years

Concerned/Sponsoring Agency

Sargodha Improvement Trust (SIT)

Salient Features

  • Project Area= 410 Acres
  • Number of Plots= 3419
  • PPP Modality= Build and Transfer (BT) mode
  • Project Receivable= Transfer the Un-allotted plots (546 Plots) to private party

Role of Government  Agency

  • Handing over land to private proponent.
  • Pay back loan on account of development charges to private proponent during third year. 

Role of Private Party

  • Design, construction, financing and development of residential housing scheme as per originally approved site plan.
  • Transfer back the MTHS to Government after completion/development of scheme.

Current Status

Project proposal under review. 

 

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