Naya Pakistan Housing Project Faisalabad

Introduction

Rapid population growth and urbanization has resulted in generation of huge demand for housing. According to State Bank of Pakistan, housing backlog which was 4.3 million in 1998 has surged to 10 million in 2017, significant portion of which is being contributed by Punjab. Furthermore, existing supply of different sizes of houses is not in accordance with the income distribution.

In 2017, there was a shortage of 208,926 housing units in Faisalabad and it would grow up to 291,723 housing units by 2023. To meet the rising demand, a scheme is initiated under Naya Pakistan Housing Programme in Faisalabad under the Public Private Partnership mode with the objective of establishing the housing units on the area of 574-Kanals available with Faisalabad Development Authority (FDA). The housing project will not only provide people with affordable residences but will also generate employment opportunities.

 

Location

FDA Housing City, Near Sargodha Road, Faisalabad

Sponsoring Agency

Housing Urban Development & Public Health Engineering Department (HUD & PHED)

Estimated Cost

Rs. 5,035/- Million

Proposal Type

Solicited

Implementing Agency

The Punjab PPP Authority/FDA

Source of Revenue

Sales of high end commercial plots/units and annuity payments(if any)

Current Status

Hiring of Transaction Advisor (TA) for development of project proposal/bidding documents is under Process

 

Role of Private Party

  • Design
  • Build
  • Finance
  • Transfer¬†

Role of Government

  • Provision of encumbrance free land
  • Obtaining necessary approvals/NOCs