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House Financing For Low Income Groups

Prime Minister Imran Khan is working towards the construction of houses for the salaried and lower-income class of Pakistan. The relief is being provided by lessening or waiving off taxes and interest on loans taken as home finance.

In his address at the inauguration of the Pakistan Housing Authority (PHA) Officers’ Residencia, the Prime Minister emphasized the importance of real estate development. There are more than 30 allied industries that are associated with the development of the real estate market and the labor class benefits from it as well.

The construction of houses for government employees would be facilitated by the government with interest-free loans and low-cost housing schemes. The laws have been made to encourage the people to get home finance which was previously difficult to get.

Since the construction sector has been on the rise ever since the government started housing projects, the labor class benefitted from it as well. There has been an increase in the income of the labor compared to the previous years.

Bank mortgage law will aid people in getting easy loans from the banks. This will help people to easily pay their installments and the mortgage plan can be as long as 20 years.

It is a historic moment for the country as PKR 124 billion worth of housing projects are under some stage of development. Moreover, the banks have provided loans worth PKR 40 billion to construct houses.

Contact Manahil Estate today to book your plots in affordable and low-budget housing schemes!

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