Find What You Need

Logo

From Real Estate History

21 October

Home
3 News Found for 21 October
1

21 October 1959

First House Building Finance Scheme Launched in Pakistan

First House Building Finance Scheme Launched in Pakistan

On October 21, 1959, Pakistan launched its first House Building Finance Scheme through the House Building Finance Corporation (HBFC). This initiative aimed to provide affordable housing loans to the middle class at subsidized interest rates. The scheme significantly boosted residential construction in urban areas and enabled thousands of families to build their own homes. It laid the foundation for Pakistan's residential finance sector and paved the way for housing financial services in the coming years.

▪References:

State Bank of Pakistan Archives, HBFC Historical Records
Views
0
2

21 October 1966

Aberfan Disaster - Mining Tragedy Impacts Land Use Policies

Aberfan Disaster - Mining Tragedy Impacts Land Use Policies

On October 21, 1966, the Aberfan disaster occurred in Wales when a colliery spoil tip collapsed onto the village, killing 144 people including 116 children. This tragic event exposed critical failures in mining waste management and land use planning near populated areas. The disaster led to comprehensive reforms in mining regulations, waste disposal practices, and land use planning policies worldwide. It highlighted the importance of proper geological assessments, safe waste storage practices, and the need for buffer zones between industrial activities and residential areas. The Aberfan tragedy became a landmark case in environmental planning and industrial safety regulations.

▪References:

UK National Archives, Mining Safety Historical Records
Views
0
3

21 October 2005

Reconstruction Package Announced for Earthquake Victims

Reconstruction Package Announced for Earthquake Victims

On October 21, 2005, following the devastating earthquake of October 8, the Government of Pakistan announced a comprehensive reconstruction package for earthquake victims. The package included reconstruction of over 400,000 houses in affected areas, repair of 6,000 educational institutions, and restoration of 400 health centers. This was the largest reconstruction project in Pakistan's history, which not only rebuilt the affected areas but also introduced new standards for earthquake-resistant construction. The package added a new dimension to disaster management and construction standards in Pakistan.

▪References:

ERRA Archives, National Disaster Management Authority Records
Views
1

More from On This Date

Cape Town Establishes Public Housing Works Department to Improve Worker Living Conditions
Cape Town Establishes Public Housing Works Department to Improve Worker Living Conditions

On November 15, 1910 the municipal government of Cape Town, South Africa created its first Public Housing Works Department to address deteriorating living conditions in overcrowded worker settlements. As industrial activity expanded around the Cape docks and railway yards, thousands of laborers lived in unhealthy informal quarters with no sanitatio...

Read More →
Early Cooperative Housing Model in Calcutta
Early Cooperative Housing Model in Calcutta

On October 10, 1924, the Registrar of Co-operative Societies in the Bengal Presidency recorded one of the earliest applications for a Residential Cooperative Housing Society in Calcutta, now Kolkata. This marked a turning point in South Asia’s urban development when the cooperative principle, previously used for credit and agriculture, was extend...

Read More →
Punjab Finalizes Pre Master Planning Guidelines for Rapid Urban Expansion
Punjab Finalizes Pre Master Planning Guidelines for Rapid Urban Expansion

On November 25, 1982, the Government of Punjab finalized its first pre master planning guidelines to manage accelerating urban growth in Lahore, Rawalpindi, Faisalabad, Multan, and Gujranwala. During the late 1970s and early 1980s, these cities witnessed rapid expansion marked by informal subdivisions, inadequate street layouts, and insufficient dr...

Read More →
US Federal Reserve's Real Estate Market Intervention
US Federal Reserve's Real Estate Market Intervention

In 2021, the Federal Reserve introduced a series of strategic interventions aimed at stabilizing the U.S. real estate market amid growing concerns over housing affordability and financial volatility following the pandemic. Through a combination of monetary policy adjustments, including low interest rates, large-scale asset purchases, and liquidity ...

Read More →
Reconstruction Package Announced for Earthquake Victims
Reconstruction Package Announced for Earthquake Victims

On October 21, 2005, following the devastating earthquake of October 8, the Government of Pakistan announced a comprehensive reconstruction package for earthquake victims. The package included reconstruction of over 400,000 houses in affected areas, repair of 6,000 educational institutions, and restoration of 400 health centers. This was the larges...

Read More →

Discover more from SyedShayan.com

Model Town Lahore A Modern Society Established within the Ancient Forest of Lahore (Episode 7)

Model Town Lahore A Modern Society Established within the Ancient Forest of Lahore (Episode 7)

The acquisition of land for the Model Town Society was one of the most remarkable and spirited chapters in its early history. Dewan Khem Chand and his...

Read More →
Where Did the 500 Acres of Model Town Land Go (Episode 5)

Where Did the 500 Acres of Model Town Land Go (Episode 5)

Between 1921 and 1924, the land for Model Town Lahore was acquired in successive phases. The process began in 1921, shortly after the establishment of...

Read More →
Lahori Chacha (Part 2) <br> Lahori Chacha’s Outburst and the Emotional Language of Protest

Lahori Chacha (Part 2)
Lahori Chacha’s Outburst and the Emotional Language of Protest

▫To hurl abuse is akin to punching someone with your tongue.▫The question is whether Chacha’s words about national leadership are merely condemnable, ...

Read More →

Select Date