Central Business District: NLC to start development work

LAHORE: In a bid to expedite the development work at the Lahore Central Business District (CBD), the National Logistic Cell (NLC) will initiate development work on the site.

invest with imarat

Islamabad’s emerging city centre

Learn More

In a meeting held between the officials of Lahore Central Business District Development Authority (LCBDDA) and NLC at the project site, CEO, LCBDDA Imran Amin gave a briefing over the scope of development work.

Speaking on the occasion, the CEO was of the view that various investors will be compelled to establish their enterprises in the district along with adopting the model of Real Estate Investment Trust (REIT).

In the pilot phase, the district authority has auctioned five commercial plots for Rs26.5bn which has resulted in the increase of revenues by 120pc than the envisaged value.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Shingrai Waterfall: Your Ultimate Adventure Destination

Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…

2 days ago

Top 5 Reasons Why Millennials Are Investing in Real Estate

Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…

3 days ago

IMARAT Group’s First Restaurant, Graanic Launches Organic Dining Experience at Mall of IMARAT

Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…

3 days ago

Madyan Swat: The Ultimate Travel Guide

If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…

3 days ago

Real Estate Wealth Management: Trends and Insights for 2025

The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…

4 days ago

Federal Government’s Rental Rate Increase Hits Commercial Properties Nationwide

December 19, 2024— In a significant move, the federal government has announced an increase in…

4 days ago