While official estimates put the shortage at 10 million units, which increases every year, funds required to finance the gap are a whopping $180 billion – almost half the size of Pakistan’s economy.
“A low-cost, but the respectable unit would have a price tag of at least Rs2.1 million,” Mohsin Sheikhani, patron and former chairman of the Association of Builders and Developers (ABAD), told The Express Tribune. “There’s a desperate need to provide houses for low-income groups as it has multiple benefits including improving law and order.”
ABAD is currently hosting a three-day property expo at the Pak-China Friendship Centre in Islamabad, where it is pitching its affordable housing scheme. Sheikhani said land for the project has been finalized near Fateh Jhang road, 12 kilometers away from the new airport.