LDA City Lahore to Get New Development Partners – LDA City Update
Lahore Development Authority (LDA) has fast-tracked the land acquisition process for LDA City Lahore as the balloting date for the project is nearing. In a latest development update, the public partner of the grand residential project, Lahore Development Authority (LDA) has published an advertisement in which it has announced registration for new development partners. LDA has asked for applications from potential investors, real estate developers and agents.
LDA City Lahore Location For Land Acquisition
LDA City Lahore is planned to be part of different administrative districts like MouzaKahna, ThaPanju, RakhJhaidu, Kaacha and Haloki. These new development partners will help LDA to buy land within the planned LDA City Lahore location. Development Partnership between private parties and LDA will be based upon land sharing principle. Development partners will be responsible for buying the land from the owners and getting the possession transferred to LDA.
It must be noted here that these new development partners will be mostly probably authorized to sell LDA City Lahore plot files, just like the current development partners. Plot files from these development partners are known as intimation plot files while the LDA City plot files issued directly by LDA are called Exemption files. A common buyer needs to know the
All the individuals/real estate development firms, interested to become development partner, are asked by LDA to contact DG Metropolitan Planning – III to collect Request For Proposal (RFPs). Deadline for application submission is set at 6th January 2018.
What It Means for LDA City Lahore Development?
It means that the development process will pick up pace once new development partners join the LDA to fasten the land acquisition process. Currently 3 to 4 development partners are helping LDA to acquire land for the futuristic residential project located on Main Ferozepur Road.
difference between Exemption and Intimation plot files to make a secure investment in LDA City Lahore.
LDA City Balloting
LDA City Lahore Balloting for plot numbers is expected to be held in the first weeks of 2018. With the new development partners joining the ranks of LDA and development on the currently acquired land being done at rapid speed, there should be no doubt in the profitability of LDA City Lahore plot files.
If you are also interested in buying a plot file of LDA City Lahore, kindly visit our featured properties section. LDA City Plot files are available at a very reasonable own from Universal Property Network.
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