FAQs: Apni Chat Apna Ghar Housing Scheme 2024

Pakistan is a developing country where middle-class people earn monthly income and always dream about buying a home where they can cover their Heads respectfully. However, the skyrocketing inflation makes owning a house very difficult for them. So, the launch of a new home scheme named Apni Chat Apna Ghar Housing Scheme 2024 has acclaimed much attention as one of Pakistan’s exclusive and affordable housing scheme that offers the Apartment Scheme. The inauguration of this government housing scheme by the CM Punjab Maryam Nawaz and the core aim is to create available housing stock for the middle and lower classes, making it easy for families to own homes. 
Below are a few common and frequently asked questions that people want to know about the Apni Chat Apna Ghar Housing Scheme 2024;

1. What is Apni Chat Apni Ghar Housing Scheme?

The Apni Chat Apni Ghar Housing Scheme is the latest housing scheme that was introduced by the Government of Pakistan to provide shelter to all low and middle-income persons and families in the country. The scheme's major idea is to provide affordable residential plots and houses with easy access as well as easy financing methods to enhance homeownership.

2. What are the eligibility criteria for the scheme?

This affordable housing scheme has eligibility criteria those who will be able to apply for this scheme that is written in the following:

• The applicant must earn 50,000 or below monthly income.
• The aspirant must be the head of his family according to the Nadra records.
• The candidate should be the permanent inhabitant of Punjab Province.
• The portfolio of candidates should be clear from any criminal case that can be against the state's law.
• The aspirant must not be reserved any money in any bank or financial institution.
• Pakistani citizens along with the residential people of all the cities of Punjab province.
• This accessibility is for any person who by age is an applicant above the age of 18 years and less than 55 years old.
• The highest preference is for those who can prove that they do not own or have ownership of the house.
• The applicant must not take any previous home from the government.
• The target of the scheme is to provide houses for the lower to middle-income earners of Punjab.

3. What kind of houses can be built under the scheme?

The housing scheme offers a range of homes and plots, basically, the goal is to build 100,000 homes and in the first phase 30,000 homes, including:

• 3 to 5 marla plots for small families for single working professionals.
• 2 bedroom townhouses are meant for small to average families looking for housing with modern features at cheap prices.

Such homes are well furnished and endowed with other amenities as well as modern structures, thus making them suitable for people to live in.

4. Where are these housing units found?

Different cities of Punjab and developing urban areas can be availed through the Apni Chat Apna Ghar Housing Scheme. The six major cities Lahore, Sialkot, Faisalabad, Sargodha, Multan, and Rawalpindi are included in this Scheme. What has top priority is the provision of areas that are easily accessible for the basic needs of life including education, health facilities, and markets, these areas encourage modesty with recreation amenities including parks and gardens.

5. Regarding funding what can be done?

This scheme has been unfolded with one of the beautiful aspects as the simple finance plans offered which help to achieve home ownership. The government offers an easy home loan scheme, in collaboration with banks and financial institutes:

Low-interest options:
They can borrow their homes at lower interest rates than with normal loans hence making it efficient to finance homes. The government subsidizes over 60% of the total amount whereas the 40% amount will be paid in installments.

Flexible repayment plans: 
Flexibility in terms of repayment periods can be 5 years installment plan thus enabling homeowners to pay the loan comfortably.

Down payment assistance: 
Others may require lower down payments hence the burden of acquiring a home does not have to be much for these applicants.

6. How to apply to the scheme Apni Chat Apni Ghar Housing Scheme?

Applying for the scheme is straightforward:

Online application: 

By accessing the official website of the given financial institution, you need to enter your data and scan copies of the documents. The online portal is available to apply online (acag.punjab.gov.pk) and the application form will be available at https://acag.punjab.gov.pk/Layouts/Registration.aspx. 
Interesting aspirants can call for information on the following helpline number 0800-09100.
The government has made it easier for the people to follow the application and in support of this fact, application forms are available both in English and Urdu. An applicant is required to attach to the application proof of income, identification, and other papers.

7. Which papers are to be enclosed in the application?

To apply for the housing scheme, you will need to submit the following documents:

• Photo-copy of CNIC i.e Computerized National Identity Card
• Proof of Income (Pay slips, Bank statements, or any other means of income proof)
• Utility bills and rental agreement (copies of photographs ID).

Any other documents may be required by the scheme authorities depending on the type of plot or the type of financing you are seeking.

8. What Is the program’s execution model?

There are three execution models of this housing scheme:

Model no 1:
The government will set the price and payment plan for the housing units. Develop the building of 10,000 houses in collaboration with developers through equity-based land sharing which will control the construction of housing units, design plans,  roads, and other utilities. The developers will also handle the cost. The approval for infrastructure and other layouts will be approved by PHATA.

Model no 2:
This model is designed in collaboration with private housing schemes and plans to allocate a minimum of 20% of the residential area, especially for low-income families the sizes and prices will be decided by PHATA. The applicant has to pay an initial down payment and then the remaining payment will be paid in the form of monthly installments over 5 years span. In this model, the construction prices will be supervised by PHATA.

Model no 3:
In this model, the fund will be managed to construct houses under interest-free loans. The candidate must be an inhabitant of Punjab and have plots up to 5 marlas located in urban areas or 10 marlas in rural regions. The maximum limit of the loan will be PKR 1.5 million, and the time allotted will be 7 years with easy monthly installments, whereas the operational cost of these funds will be covered by the Government.

9. Which and what facilities are promised and catered under the housing scheme?

The essence of the housing scheme entails fast-paced living with special consideration given to the provision of such at comparatively cheap rates. Key amenities include:

• Goods that are basic needs such as water, sanitation, and electricity among others.
• Recreation areas such as; greens and parks across the city, country, or region.
• Enhanced safety within communities for security.
• Ease of reaching school, health care facilities, and commercial places thus providing easier access to daily needs to families.

As much as the housing units approached go them are cheap most of them do not lack some basic comfort and conveniences.

10. Are overseas Pakistanis eligible to apply for the housing scheme?

No, overseas Pakistanis have not had the opportunity to apply for the Apni Chat Apna Ghar Housing Scheme. 

11. What is the basic aim of the Scheme:

The Apni Chat Apna Ghar Housing Scheme mainly aims at the generation of urban townships. Nevertheless, there are authentic plans to introduce it to effectively address the problem of accommodation for the vast population of Pakistan, particularly in rural areas. The expansion of this is to ensure balanced growth to influence and enhance the growth of both the urban and rural areas.
This plan also boosts economic growth as the construction of 100,000 houses will generate approximately 50,000 job opportunities. 

12. How does the Government afford this scheme?

The government, in collaboration with financial institutions, as well as the cooperation of Benazir income support ensures that homes remain affordable by offering: 
Subsidized loans and mortgages: 
One way of doing this is by reducing the interest rate and easing the cost factors on the buyers.

13. When will these homes be ready for possession?

Generally, homes under the scheme are supposed to take between 1-3 years to be completed after application for the parcel of land and allocation. The applicants and the members of the community will be informed all the time as the construction of the project proceeds.

Conclusion:

The Apni Chat Apni Ghar Housing Scheme 2024 is one of the best and cheapest ways to own a house for the Pakistanis. By availing of easy finance, the right locations, and quality construction, this scheme provides a home to a lot of many families across the country. As you consider applying, it’s important to ensure you can meet the required qualifications as well as understand the different funding programs to enable you to achieve your desire for a home.