Introduction:

With Apni Chat Apna Ghar Scheme, Maryam Nawaz has stormed into the limelight in order to help the people of Pakistan get their own homes. This revolutionary programme is intended to make available affordable houses for millions of Punjabis, in what will go a long way to address the problem of housing deficit in the country. Supported by the Punjab government, the scheme is all set to change the concept of house ownership in the province of Punjab and gets linked to home loans currently prevalent in Pakistan.

The Apni Chat Apna Ghar Scheme is not just about constructing those houses but constructing communities and promoting empowered families. This blog focuses on the practical aspects of the program; how it is implemented, costs and an attempt is made to determine the future repercussions of this program to the real estate business in Punjab. The blog will also consider its correlation to the other home loan practices existing in Pakistan and what such a scheme implies concerning the advancement of cheap homes in the country. Thus by end of the Blog the audience will get acquainted to Maryam Nawaz vision that is effectively defining Punjab housing policy. To Register Now.

Get to know about the Apni Chat Apna Ghar Scheme

This scheme called Apni Chat Apna Ghar, spearheaded by Maryam Nawaz responds to the current housing needs of Punjab. This initiative plans to construct over 3,000 homes in each district, focusing on five key cities:

• Multan,
• Faisalabad,
• Sialkot,
• Sargodha 
• Rawalpindi

To Register, The first phase of the housing venture will involve setting up of 5,000 homes around Raiwind Road in Lahore. The scheme provides cheaper accommodation, and our floor area is proposed at Rs. 1.5 million per apartment. However, the government covers 60% of the costs of the houses, and people are expected to contribute 40%. This amount could be repaid in 60 equal monthly installments of Rs. 26,000/ – enabling families of average incomes to own homes in Punjab. The given programme has the first phase to reach about 70,000 families and offer interest free home financing in Pakistan.

This Blog examines the effect of the application procedure of Apni Chat Apna Ghar Scheme on homeownership within Punjabi society. Maryam Nawaz has introduced formal and informal online information technology application named as

1. Using their CNIC number, contact information, and their location, interested persons can register

2. For registration, applicants have to undergo some tests to pass a certificate form and verify themselves. The last step is to complete a short application form and provide some of your personal details as well as submit you documents that may be required

3. To the same aspect relating to offline facilities available, the availability of a helpline (0800-09100) or Website, also seems to affect information regarding the scheme

4. The idea behind this is to make it easier to deliver more houses to many families through Maryam Nawaz’s housing scheme. To Register

Payment method for Apni chat apna ghar scheme

There is an effect of Apni Chat Apna Ghar Scheme of Maryam Nawaz on the homeownership for low income earner in Punjab. The new complex has separate apartment with range of Rs. 1.5 Million, the government of Punjab has established itself and supplied 60% of the total amount required for building the apartments. This means that buyers have to only pay 40% of the cost in essence underpinning the definition of leasing. About the payment plan the scheme allows one to make the payment in installments which are set at Rs. 26,000 per month for 5 years. In the case of those people who are willing to borrow 1.5 million, the maximum EMI is as high as Rs. 14000. The concerned government of Punjab has devised this home loan to come cheaper than rents; it wants more families to own homes. To Register

Impact and Future Prospects

The Apni Chat Apna Ghar Scheme to which Maryam Nawaz has been an advocate is meant to have a result on the housing sector within Punjab. This effort is stated to extend reach of interest free home loans up to 70000 families in its pilot phase in Pakistan. The project has a positive effect on uplifting the quality of living for low and middle income families since the units developed can be considered as affordable permanent homes. Any new home built must be within reach financially for first time home buyers and this is achieved through a 60:40 government subsidy requiring residents to contribute 40% of the cost thus make the houses affordable for homeowners. The strategy of the scheme targeting five cities of province include Multan, Faisalabad, Sialkot Sargodha and Rawalpindi will play its role in enhancing the socio-economic prosperity of the province.

Conclusion

The ‘Apni Chat Apna Ghar Scheme’ launched by Maryam Nawaz and has a nexus on the process of changing the face of housing in Punjab. This groundbreaking stripped to create tens of thousands of affordable homes for families is the kind of direct address the housing crisis requires. The scheme aims at increasing the standard of living of the low and middle-income households through its viability of focusing on key cities and offering flexibility of repaying the loans. Homeowners who otherwise could not afford a house can easily buy one; thanks to the large government subsidies and cheap interest-free loans. To Register

In the future, the effectiveness of this program could encourage similar projects all over Pakistan. It influences the response in relation not only to the shelter but also in response to the developmental and economic needs of the community. The first phase of the scheme as it begins to be initiated for about 70, 000 families, Maryam Nawaz plan of affordable housing seems to be working to revolutionize the Punjab real estate in the near future.