Edgerton Road

  • Status: Construction
  • People Housed: 95
  • Country: Pakistan
  • City: Lahore
  • Partner: AMC
  • Year Approved: 2018
Total Invested
PKR 256,666,125
Average Completion Cost
PKR 862,146
Total Invested
$1,600,166
Delivery of Homes
Total Expected
Completed
Rental
102
41
Project Overview

AMC’s first rental project, Edgerton Road targets young female professionals and students from lower income families migrating from other cities in search of better employment opportunities and education prospects. Women in particular often face difficulty finding decent accommodation that is both safe and secure.

The project consists of the renovation of a former medium rise office block, along with the construction of an additional building behind. At present, the renovation phase is complete, providing hostel accommodation for 95 young women in 1-4 bed dorms, with each dorm having its own bathroom and WiFi provided throughout the building. The hostel also has a canteen along with smaller kitchens for self-catering, a study room and lounges on each floor. Finally, the ground floor provides commercial units for rental, which will help to address the increased demand for commercial property in Lahore.

41
Homes Completed
33
Homes Occupied
41
Connected to Electricity
41
Connected to Water and Sanitation
0.05
Nearest Employment Area
1.6
Nearest Health Centre
0.01
Nearest Bus Stop
0.3
Nearest Market

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 21st and 30th percentiles of incomes in Lahore

Mean
50,970 PKR
318 USD
40th percentile at year of occupancy PKR 63,971
40th percentile at year of occupancy $399
Household Demographic Data
Household Size
2.88
Proportion Female
100.0
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Completion Cost
(Local Currency)
Monthly Cost
(Local Currency)
1 bed Rental 1 1 9.4 243710 10200
2 bed Rental 3 3 11 487420 7650
3 bed Rental 10 10 14 732131 5950
4 bed Rental 27 27 22 974841 7055
Finance Description Finance Source
1 bed Rental payment
2 bed Rental payment
3 bed Rental payment
4 bed Rental payment

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PKR 256,666,125
$ 1,600,166
Loans
PKR 256,666,125
$ 1,600,166

Based on exchange rate on 31/10/2020

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Data last updated on 10/12/2020