Naya Pakistan Housing & Development Authority

NAPHDA
Naya Pakistan Housing & Development Authority
Formation15 January 2020
Key people
Lieutenant General Anwar Ali Hyder, HI(M) (Retd)
Websitehttps://naphda.gov.pk/
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Naya Pakistan Housing & Development Authority (NAPHDA) is the national construction organisation of the Government of Pakistan.[1][2] NAPHDA is responsible for the planning, development, construction and management of real estate projects across the country.[3]

According to the State Bank of Pakistan (SBP), as of 2015 there exists a significant gap between housing demand and supply in major cities, with an estimated shortage of approximately 4.4 million units. This deficit is projected to worsen if current trends persist, with the five largest cities in Pakistan expected to account for a staggering 78 percent of the overall housing deficit by 2035.[4] In 2020, SBP estimated that the total housing deficit in 2020 stood at a staggering 10.3 million units, with urban areas facing a revised shortfall of 3.4 million units.[5]

Lieutenant General Anwar Ali Hyder, HI(M) (Retd.) is the chairman of NAPHDA.[6][2]

History

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

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 ₨5,000,000,000.[9]

See also

References

  1. ^ "Naya Pakistan Housing & Development Authority". naphda.gov.pk. Government of Pakistan. Archived from the original on 6 June 2023. Retrieved 30 December 2023.
  2. ^ a b c "Private banks to finance Naya Pakistan Housing Scheme: chairperson | SAMAA". Samaa TV. Retrieved 22 January 2021.
  3. ^ "President promulgates Naya Pakistan Housing, Development Authority Ordinance – Business Recorder". Retrieved 26 January 2021.
  4. ^ "The six biggest challenges facing Pakistan's urban future". International Growth Centre. 16 January 2017. Retrieved 18 July 2023.
  5. ^ Amir, Meerub (22 October 2023). "Welcome home…or not". Profit by Pakistan Today. Archived from the original on 1 November 2023. Retrieved 30 December 2023.
  6. ^ a b "Naya Pakistan Housing & Development Authority | About Us". naphda.pk. Government of Pakistan. Archived from the original on 3 June 2023. Retrieved 30 December 2023.
  7. ^ "Senate passes Naya Pakistan Housing Authority bill". The Express Tribune. 14 January 2020. Retrieved 25 January 2021.
  8. ^ Reporter, The Newspaper's Staff (13 June 2020). "Subsidy bill slashed by 40pc". DAWN.COM. Retrieved 25 January 2021.
  9. ^ Report, Recorder (12 February 2021). "Mark-up subsidy scheme: Over 8,000 applications received, Baqir tells PM". Brecorder. Retrieved 12 February 2021.

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