Islamabad: The Pakistan Housing Authority Foundation (PHAF) has launched fast-paced development and construction activities at the site of PHAF Residencia in Peshawar, in collaboration with the Khyber Pakhtunkhwa Housing Authority (KPHA).
According to the agreement between the two bodies, work on the boundary wall, main boulevard, and main entrance is already underway. To strengthen security at the site, a permanent police station has been established, with deployment carried out by the Khyber Pakhtunkhwa government.
Spread across more than 8,000 kanal, PHAF Residencia is being described as one of the largest government-led housing projects not only in Khyber Pakhtunkhwa but also nationwide. The initiative is a joint venture of the federal and provincial governments and is being positioned as a secure and reliable investment in the housing sector.
The project is situated on Kohat Road, about 15 kilometers from Peshawar city, and will feature over 8,000 residential units, including grey structures and apartments, divided into categories I, II, III, and IV. Development will take place in four phases, with contracts for 400 housing units already awarded out of 885 planned in the first phase. Heavy machinery has been mobilized to accelerate the work.
Meanwhile, PHAF has urged allottees and members to begin paying their dues under the three-year installment schedule. Officials noted that timely contributions will ensure smooth financial flows, allowing construction and development to continue without delays.