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To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012. [ 1 ] [ 2 ] In 2017, the housing gap in Punjab , one of the largest provinces of Pakistan, was around 2.3 million units, this figure is expected to reach the figure of 11.3 million units by the end of 2047.
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Urban areas were facing a shortage of 4.4 million housing units in 2010, while the population is expected to grow by 40 million in 2030. [4] Furthermore, this shortage is expected to grow due to a shortfall of 270,000 housing units per year. [5]
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Defence I is located within the Islamabad–Rawalpindi metropolitan area between Potohar Avenue [3] and Bahria Town Phase VII & VIII. This subdivision on its southwest abuts Soan River . A larger area acquired by the Defense Housing Authority just southwest of Phase I is named Sector F (formerly Phase 1 Extension ) and covers a total of 16,750 ...
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