Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 05/06/2020
Author
Published By Global Scientific Journals
Edited By Saba Bilquis
Uncategorized

INNOVATIVE MODELS FOR AFFORDABLE HOUSING IN PAKISTAN

Housing affordability has remained the illuminating agenda of every government, but the factual targeted demand was never addressed due to a number of challenges and constraints. Often, the development of such a project worked exclusively, rather not integrating the other dimensions. In light to cater the gap, this paper exhibits the path that can lay the foundations to achieve affordable housing in a sustainable way by integrating finance, design standards, and pricing. While further light has been put upon the fundamental principles and their implications to accomplish affordable housing by adopting successfully simplified and integrated designs for housing projects in Pakistan. Whereas, the affordability must be combined with the cost recovery for sustainable and replicable housing projects in case of the non-existence of development grants and least / zero interest loans. The multiple variables should be kept in mind to attain successful housing projects such as realistic demand and supply, developer and housing finance options, construction marketability, effective and efficient planning, and development standards, and demanding legislative and institutional framework, etc. However, this paper briefly exhibits the innovative models for affordable housing, being implemented globally, to be adopted in Pakistan to address the housing challenges. Through investigating the numerous alternative models by using different planning and development standards along with the financing options, this paper also describes the way forward to accomplish affordable housing projects.

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