The government will provide a subsidy of three hundred thousand rupees.

ISLAMABAD (Web Desk) – Prime Minister (PM) Imran Khan on Thursday has performed the balloting of Lahore Development Authority (LDA) City Apartments in Islamabad.

The LDA City Apartments is a joint venture of Naya Pakistan Housing and Development Authority (NAPHDA) and Lahore Development Authority (LDA), under which four thousand flats are being constructed.

Two thousand flats will be given to those registered with Naya Pakistan Housing and Development Authority while the remaining two thousand flats to the ones registered with the LDA.

For each apartment, the government will provide a subsidy of three hundred thousand rupees.

The total price of each apartment is 4.7 million rupees. The applicant will merely pay ten percent as a down payment whilst the remaining amount will be paid through easy instalments to the banks in a period between five to twenty years.

The process of paying instalments will begin after the apartment is handed over to the applicant.