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Naya Pakistan Housing & Development Authority (NAPHDA) is the national construction organization of the Government of Pakistan.[1][2] NAPHDA is responsible for real estate projects' planning, development, construction and management.[3]
Naya Pakistan Housing & Development Authority | |
| Formation | 15 January 2020 |
|---|---|
Key people | Lieutenant General Anwar Ali Hyder, HI(M) (Retd) |
| Website | https://naphda.gov.pk/ |
According to the State Bank of Pakistan, as of 2015 there is a shortfall of approximately 4.4 million housing units in major cities, highlighting a substantial mismatch between demand and supply in urban housing. If present patterns persist, it is projected that by 2035, the five largest cities in Pakistan will be responsible for 78 percent of the overall housing deficit.[4] In 2020 the State Bank estimated the total housing deficit to be 10.3 million units, with a revised deficit of 3.4 million units in urban areas.[5]
Lieutenant General Anwar Ali Hyder, HI(M) (Retd.) is the chairman of NAPHDA.[6][2]
History edit
The Naya Pakistan Housing & Development Authority was established on 15 January 2020.[6][2] The Senate of Pakistan passed Naya Pakistan Housing and Development Authority Bill in 2019.[7]
Subsidy edit
The Naya Pakistan Housing Authority has been provided a subsidy of 30,000,000,000 Pakistani rupees.[8]
As of 2021, 1,820 applications out of over 8,000 received applications have been approved with an amount of PRs. 5,000,000,000.[9]
See also edit
References edit
- ^ "Naya Pakistan Housing & Development Authority". naphda.gov.pk. Government of Pakistan. Archived from the original on 2023-06-06. Retrieved 2023-12-30.
- ^ a b c "Private banks to finance Naya Pakistan Housing Scheme: chairperson | SAMAA". Samaa TV. Retrieved 2021-01-22.
- ^ "President promulgates Naya Pakistan Housing, Development Authority Ordinance – Business Recorder". Retrieved 2021-01-26.
- ^ "The six biggest challenges facing Pakistan's urban future". International Growth Centre. 2017-01-16. Retrieved 2023-07-18.
- ^ Amir, Meerub (2023-10-22). "Welcome home…or not". Profit by Pakistan Today. Archived from the original on 2023-11-01. Retrieved 2023-12-30.
- ^ a b "Naya Pakistan Housing & Development Authority | About Us". naphda.pk. Government of Pakistan. Archived from the original on 2023-06-03. Retrieved 2023-12-30.
- ^ "Senate passes Naya Pakistan Housing Authority bill". The Express Tribune. 2020-01-14. Retrieved 2021-01-25.
- ^ Reporter, The Newspaper's Staff (2020-06-13). "Subsidy bill slashed by 40pc". DAWN.COM. Retrieved 2021-01-25.
- ^ Report, Recorder (2021-02-12). "Mark-up subsidy scheme: Over 8,000 applications received, Baqir tells PM". Brecorder. Retrieved 2021-02-12.
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