Pakistan is facing the severe shortage of housing that has crossed 10 million mark. There is need to build 1 million homes every year but we are building just 200,000 units. The new government promised in the election campaign to build 5 million affordable homes. Many people think that it is impossible to build 5 million homes. This blog describes that Pakistani government can easily build 5 million homes.
The construction cost of an affordable home of 2 bedrooms is USD 10,000 worldwide. This is because when houses are construction in large quantity then the construction cost is much lower. The government land is mostly used to build affordable homes. Let’s consider that average cost to build a home is USD 10,000. Here is the calculation of 5 million homes cost;
1 home = USD 10,000
5 homes = USD 50,000
50 homes = USD 0.5 million
50,000 homes = USD 0.5 billion
5,000,000 homes = USD 50 billion
Posted By: Raheel Posted Date: 2018-09-05
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