KDA to Launch Four New Housing Schemes in Karachi
Karachi is the largest city and financial hub of Pakistan. The last decade witnessed abnormal property price rise in Karachi. This has decreased the home ownership in Karachi as people can’t afford to buy a home. Since the introduction of Pakistan Budget 2019-20, property prices are in constant decline in Karachi and across Pakistan but still owning a home is a distant dream for the lower middle class people. Therefore government has decided to provide the long waited relief for lower middle class people of Karachi. The Karachi Development Authority KDA to launch four new housing schemes in Karachi next week. The new housing schemes will be low-cost and very affordable as compared to the market prices.
The Director General of Karachi Development Authority (KDA) Mr. Badar Jamil Mandhro has made it clear that notification of four new housing schemes has been issued by the local government authority. It is expected that new housing schemes will be launched during the next week. Another interesting fact is that KDA will launch these housing schemes after 20 years. KDA launched its last housing scheme in 1999 on Five Star Chowrangi North Nazimabad Karachi. The affordable housing schemes are need of the hour to provide affordable housing for the general public of Karachi.
Locations of the New Housing Schemes
Federal B Area Block 1
KDA Scheme 1
Sizes of Flats & Plots in New Housing Schemes
The 4 new housing schemes in Karachi will provide flats and plots of the sizes 80, 120, 200 and 240 Square Yards.
It is expected that four new housing schemes by KDA will be launched during the next week. These schemes will also be advertised in local newspapers for the information of the general public.
New Projects in Karachi