LDA approves revised budget of Rs49.54bn for completion of LDA City

LAHORE: A revised budget of Rs49.54 billion was approved by the Lahore Development Authority (LDA), for the early completion of the LDA City housing scheme.

invest with imarat

Islamabad’s emerging city centre

Learn More

In addition, approval for the revised PC-1 of the project was also accorded by the governing body in the meeting.

The attendees of the meeting were briefed on various projects by the representative of the authority.

It was informed that a substantial proportion of the allocated funds will be utilized to acquire land to construct a 200-foot wide Chenab Road, to connect the Jinnah Sector to Ferozepur Road near Lahore Ring Road.

The governing body of the authority also approved the hiring consultants for the construction of 35,000 residential apartments in LDA City under Naya Pakistan Housing Scheme.

In this regard, a committee was formed under the leadership of governing body member Engineer Riaz Qureshi, to evaluate the proposals submitted by the consultants.

Furthermore, technical and financial bids will be invited to construct the residential apartments, the authority announced.

The Engineering Wing of the authority was tasked with the role to develop infrastructure and the construction of housing apartments.

On the other hand, the negotiations held with the management of the Chiniot Housing Society for the acquisition of land in LDA Avenue 1 were also approved by the governing body.

The society will comprise around 1,555 kanals of land in LDA Avenue 1.

 

For news and blogs, visit Graana Blog

Maham Tahir

Recent Posts

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

12 hours ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

1 day ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

2 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago

Model Town Gujranwala: A Well Planned Residential Area

Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…

2 weeks ago

Senate Greenlights Special Courts for Swift Resolution of Overseas Pakistanis’ Property Cases

ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…

2 weeks ago