Low-cost housing is the dire need since the housing backlog is around 10 million units in Pakistan at the moment. Let alone the impoverished and the poor or the working class to be precise, even the lower-middle class cannot think of buying a house in the wake of high inflation coupled with rising unemployment. Those earning up to Rs80,000/- (eighty thousand rupees) per month find it hard to keep body …
Read More »Making housing market better, affordable
In the quickly transforming commercial world, houses are no more just places offering shelter to mankind but it is becoming a serious issue to meet the affordable housing due to the changes in the traditional economic base of communities, population increases, changes in the number of units in the housing stocks, and the rising costs of new construction. In the altered situation, houses have become more and more significant …
Read More »Rising property prices push influx of slums
Slums continue to increase in Pakistan’s major cities and towns as the property prices keep going up and there is no check hence major townships in the country have been converting into the slums home, to say precisely. It is unaffordable for common man to buy a property for his residence and if one resorts to banks for loan, the mark up on such loans is so high that …
Read More »Housing industry poised to take a new direction
The policy makers have once again realized the important of home, which is one of the basic needs of every individual in a civilized society as every one desire to have a decent place that is ones’ own house. However is painful to see that this genuine need remains a dream for millions of the people primarily due to economic disparity and unjust distribution of resources that has rendered …
Read More »