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LDA City Lahore Development Charges Will be Announced Soon

LDA City Lahore Development Charges Will be Announced Soon

LDA City Lahore is among the top-most attractive real estate investment options nowadays. Both buyers and investors are showing a huge interest in buying properties for sale in LDA City. The second ballot event of the plots was successfully completed on February 14, 2020. This balloting and speedy development has further increases the value of this project. In addition, the authorities of the society have recently announced to release the Challan Forms for the collection of LDA City Lahore development charges.

Furthermore, the Additional Director of Urban Planning General Tikka Khan has recently issued directives for the collection of development charges on timely bases.

Details of LDA City Lahore Development Charges in Plot

According to the latest updates, we get from the resources, the development charges on all plot files in the society have been slashed by half. Here are the details

Size of Plot Development Charges
5 Marla 400,000 (50% of 800,000)
10 Marla 690,000 (50% of 1,380,000)
1 Kanal 1,150,000 (50% of 2,300,000)

 

Furthermore, LDA City Lahore has announced its decision to set the development charges for commercial properties is PKR 500,000.

Second Balloting of Plots in LDA City Lahore

The second ballot event of the plots in LDA City Lahore was successfully held on February 14, 2020. Around 308 plot files are awarded plot numbers. These plots files include 51 files of 1 Kanal plots, 135 files of 10 Marla plots and 120 files of 5 Marla plots.

Approval of Building Plans for 12 Projects by MCL

In another development made in LDA City Lahore, the Metropolitan Corporation Lahore (a sub-committee of the Planning Wing) has provided its permission to the building plans of 12 commercial and residential projects in the city. Moreover, they have also forwarded these blueprints to the design committee for its final approval.

Three of these 12 buildings will locate within the LDA’s jurisdiction, four buildings in the Data Gunj Bakhsh Zone, and two buildings in Shalimar Zone. In addition, a building plan for a 10-story hotel project will locate on Wahdat Road. Further, two buildings of 14 Kanal commercial building will be located on Ferozepur Road Lahore.

Indeed, in the last four months, LDA City Lahore has received around 76 applications for the construction of high-rise projects. However, MCL has only approved 12 projects to make development in LDA City Lahore.

For more details, contact Universal Property Network!

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