Naya Pakistan Housing Program

Overview

The Naya Pakistan Housing Program has been initiated by the government of Pakistan to provide affordable housing to the low- and middle-income population of Pakistan. Currently, two-thirds of the country’s population does not have access to decent housing and reside in mud houses.

Naya Pakistan Housing Scheme Plan

The Naya Pakistan Housing Program plans to provide 50 lacs housing units over 5 years. According to PTI’s policy, the low-income population will easily be able to apply for loans as lending bodies cannot require a down payment of more than 30% of the property’s total worth.

This payment will also be divided into three installments to make it even more convenient for low-income buyers. Moreover, further financial aid is also available as the deserving cases also have the opportunity to pay only a 10% down payment of the total worth of the property.

In addition to the low-income population, the government has also developed plans to provide specially designed housing for Persons with Disabilities, assigning 10% of the low-income housing to this specific demographic. The government also has plans in the works to devise housing plans for nurses and teachers in civil services, security, and young armed forces personnel.

The government is also aiming to utilize solar energy as means of electricity and the cost will be included in the total cost of the house. Moreover, community spaces such as libraries and playgrounds will also be constructed and the development of public transportation systems is a priority for this program as well.

Naya Paksitan Housing Scheme Phases

The Punjab Housing and Town Planning Agency are overlooking the Naya Pakistan Housing Program in Punjab and the houses are being offered at 3 Marla and 5 Marla. The sites of construction are mentioned below:

Phase 1

• Renala Khurd (Okara, Shergarh Road)
• Lodhran (near Judicial Complex)
• Chistian (Qaziwala, Haroonabad Road)

Phase 2

• Quaidabad (Mandi Town and near Judicial Complex)
• Bhakkar (Mill Road)
• Layyah (Angra Road)

Similar plans are also being designed for execution in Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit Baltistan, and Azad Kashmir.

Numerous banks in Pakistan are now offering financing plans that low to middle-income households can avail. The financing plans can be utilized to purchase a plot, house, apartment, or flat, to extend a housing unit, or for construction on a pre-owned plot.

Eligibility Criteria

The eligibility criteria for the plans are described below:

• Applicants must have a valid CNIC and NICOP
• Applicant can be a first-time homeowner
• Applicants can only avail of the financing facility for subsidized housing only once
• This plan is only applicable to Naya Pakistan Housing Development Authority (NAPHDA). The organization will be shortlisting applicants and their profiles will then be provided to banks for financing facilities.

The applicants are also free to opt for the loan tenor that suits their individual needs and can range from 5 to 20 years. Three financing plans are available to customers, Tier 1 is for NAPHDA projects while Tier 2 and Tier 3 are offered for non-NAPHDA projects.

Specifications	Tier 1	Tier 2	Tier 3
Size of Housing Unit	House up to 125 square yards (5 Marla) 2) Apartments with a maximum covered area of up to 850 square feet	House up to 125 square yards (5 Marla) 2) Apartments with a maximum covered area of up to 1,250 square feet	House up to 250 square yards (10 Marla) 2) Apartments with a maximum covered area of up to 2,000 square feet
Maximum Price	Rs. 3.5 million	No cap	No cap
Maximum Financing	Rs. 2.7 million	Rs. 6.0 million	PKR 10.0 million
Minimum Customer Contribution	10% of property value	10% of property value	15% of property value
Pricing	1 to 5 years – 2% 6 to 10 years – 4% 11 to 15 years – 5% Period Exceeding 15 years – KIBOR + 250 BPS	5% for first 5 years & 7% for next 5 years KIBOR+400 BPS for a period exceeding 10 years	7% for first 5 years & 9% for next 5 years KIBOR+400 BPS for a period exceeding 10 years

Frequently Asked Questions

Q- What is the Naya Pakistan Housing Scheme Registration Process?

You can register for the Naya Pakistan Housing Scheme y visiting NADRA E-Sahulat Center or can register online on the NADRA website.

Q- What is the process of contacting the applicant if the person gets nominated in the balloting session?

The NPHP will be prompt in responding to the nomination in the balloting since the first down payment needs to be fulfilled right away. A list of successful applicants is notified on the NAPHDA website.

Q- What are the Process, Markup, and Payment tenure of the Naya Pakistan program?

After directions from the Prime Minister of Pakistan, the State Bank of Pakistan has given a markup subsidy so that the needy can afford these home loans. All the instructions are given to the banks for approval of the loan and the loan can be applied in a nearby bank. The markup varies for 5-Marla and 7- Marla Plots but the tenure can extend up to 20 years.

• 5- Marla (5% Markup for 1^st 5 years, and 7% markup for next 5 years)
• 7- Marla (7% Markup for 1^st 5 years and 9% markup for next 5 years)

Q- Is the Naya Pakistan Housing scheme available for Non-resident Pakistanis?

Naya Pakistan Housing Program is for all Pakistani nationals including overseas Pakistanis.

Q- Will the location of the housing unit depend on the registration form?

Yes, the location of the housing unit will depend on the district of choice entered by the applicant in their Registration Form.

Q-Where is the land allocated for Naya Pakistan Housing Program?

The land is allocated all across Pakistan but mainly urban areas are targeted at first so that all the amenities can be provided to these affordable units. There is land under consideration across different cities of Pakistan. Here are the details. 

Q- How to suggest land for Naya Pakistan Housing Program to NAPHDA?

If someone wants to suggest land for Naya Pakistan Housing Program, they can write a letter to Naya Pakistan Housing & Development Authority (NAPDHA). The letter must include the exact location address, reference of the location, and the total area of allocation. NADA will inspect the location for NPHP and after approval from the team; the location will be approved for any NPHP. The investment proposal is given online.

Q- Can an already established housing project be included in Naya Pakistan Housing?

Yes, the Naya Pakistan Housing Program can include any ongoing housing project but it will be subject to approval from Naya Pakistan Housing & Development Authority (NAPDHA).

Q- Is Naya Pakistan Housing Program available for investors?

Yes, Naya Pakistan Housing Program offers developer and investors equity in a low-cost component. See the details here

Q- Can Federal or provincial employees apply for Naya Pakistan Housing?

There is a specific quota set for the federal and provincial employees.

Q- Can the employees of Private companies apply for this program?

Yes, the employees of private companies can apply for this program but they will not be eligible for any quota, unlike federal and provincial employees. 

Conclusion

The government of Pakistan introduced the Naya Paksitan Housing Scheme to facilitate the low-income people of the country. This scheme provides the ownership of houses to people with easy payment plans and reduced overall prices.

Naya Pakistan Scheme consists of phases for different cities of Pakistan. People with limited resources can also get their own homes under this scheme.

Contact Manahil Estate to get more information about this project. Keep in touch for more useful information and new real estate projects.