Housing is the third most important necessity of a
human being. Every human being needs a housing
unit to live in. Recently, with globalization and urbanization, the
demand for housing has increased manifold, whereas the supply
has remained the same. Similarly, in Pakistan, the value of land
and building in urban areas increased exponentially. The lowincome class could not afford a housing unit as they did not have
the resources to buy or construct a housing unit at once. With new
trends, the low-income people would buy a piece of land on the
urban periphery and construct the housing unit in increments. The
availability of funds was the key factor in this approach. With the
availability of microfinance services in the market, the availability
of funds has increased for the low-income groups. The research
aims to study the difference between the working of different
financing institutes and banks and to formulate recommendations
based on the collected data.
1-Muhammad Salman Lecturer, School of Architecture & Planning, University of Management and Technology, Lahore, Punjab, Pakistan.2-Fariha Tariq Associate Professor, School of Architecture & Planning, University of Management and Technology, Lahore, Punjab, Pakistan.3-Minahil Nawaz Assistant Professor, School of Architecture & Planning, University of Management and Technology, Lahore, Punjab, Pakistan.