Preference would be given to those who had applied to the Naya Pakistan Housing and Development Authority (NAPHDA) for houses some months ago. White Star/File
LAHORE: Lahore Development Authority (LDA) Vice Chairman S M Imran has said the cost of an apartment to be constructed under LDA City Naya Pakistan scheme will be around Rs2.7 million, and the allottee will have to pay Rs570,000 as down payment, out of which the government will give a subsidy of Rs300,000 per unit.
“The installments [of the remaining amount] will start after the owner is given possession of the apartment, which means the allottee will not pay anything during the first 18 months of the construction work”, Mr Imran said in a press release here on Sunday.
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