LAHORE: Lahore Development Authority (LDA) and Bank of Punjab (BoP) have entered a deal of Rs10bn for financing the construction of 4000 apartments.
The agreement took place under the presence of Chief Minister Punjab; furthermore, the agreement was signed by the Director General, LDA, and Chairman BOP for the development of 4000 apartments.
According to the details of the agreement, the procedure of allotment will be performed by LDA through balloting while the civic authority will also be responsible for the maintenance of the apartments.
On the part of BOP, the bank will collect applications, provide financial services to potential buyers through soft loans in the light of Islamic mortgage financing, and issue letters of comfort.
While speaking on the occasion, the CM Punjab was of the view that the LDA City Naya Pakistan Project is a step towards providing affordable housing to the low-income people as envisioned by the Prime Minister of Pakistan.
For news and blogs, visit Graana.com.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…