Breaking News

Several housing schemes in riverfront area to be regularised: Ruda CEO

The Ravi Urban Development Authority (Ruda) said Monday that the housing schemes developed with 500 houses or more in the Project’s phase-I (purple zone) would be regularised in the public interest. 

invest with imarat

Islamabad’s emerging city centre

Learn More

However, Ruda Chief Executive Officer Imran Ameen said there was no plan for the housing schemes developed in the flood plain or the riverbed. 

“We have made three zones – Green Zone, Brown Zone, and Purple Zone – in the Project’s phase-I. 

According to media reports, anyone can develop infrastructure as per the requirements, specifications, and standards in the brown zone. 

The green zone is slated for forestry-related and agricultural activities, and none of the structures built otherwise would be approved or regularised under the law. 

“The housing schemes or structures developed, including small and medium industries in the area, have been designated to the purple zone. They all can be regularised,” Ameen said. He said the projects having 500 houses or other built-up structures are eligible for regularisation.

The Ruda chief also heads the Lahore Central Business District Development Authority (LCBDDA). He said the schemes in the riverbed or the flood plains would be relocated by all means. 

He said the authority had written to the local government & community development department urging it to cooperate for resolving the outstanding issues in the project area spanning over 102,000 acres. 

Answering a question, the CEO said various foreign investors including leading names from the Saudi industry estate had shown keen interest in investing in various parts of the Ravi project. 

 

Misha Khan

Recent Posts

The Rise of Kuwait’s Real Estate Market: Trends Shaping the Future

Kuwait’s real estate market has seen remarkable growth during the third quarter of 2024, driven…

4 hours ago

Schroder European REIT Sells Retail Asset in Frankfurt for €11.8m

Frankfurt, Germany — Schroder European Real Estate Investment Trust (SEREIT) has finalized an agreement to…

7 hours ago

Thailand’s Luxury Real Estate Market Hits Record Growth with Botanica Villas’ Expansion Plans

Phuket, Thailand– In a remarkable shift, Thailand’s luxury real estate market continues to soar, with…

1 day ago

Holy Family Hospital Rawalpindi: An Overview

Holy Family Hospital Rawalpindi is one of Pakistan’s foremost public healthcare institutions, renowned for its…

1 day ago

Punjab Allocates PKR 844 Billion Budget for Inclusive Development

Lahore: Punjab has set a new precedent in Pakistan by becoming the first province to…

2 days ago

Jagran Resort: A Hidden Gem of Nature

Located in the pristine beauty of Azad Jammu and Kashmir, Jagran Resort is a hidden…

2 days ago