The Lahore Development Authority (LDA) has revised its auction rules for leasing educational and public utility sites in Lahore. These changes aim to make the process more business-friendly and accessible.
Auction Rules
| Details | Amendments |
|---|---|
| Down Payment | Successful bidders are required to make a 20% down payment. |
| Installment Plan | The remaining amount can be paid in installments over four years. |
The decision was made during a meeting chaired by LDA Director General Tahir Farooq on Friday.
First Auction Details
LDA will hold the first auction of the current fiscal year on Wednesday, September 25. The auction will include leases for various sites:
| Category | Locations & Details |
|---|---|
| Petrol Pumps | Allama Iqbal Town, Johar Town |
| Parking Sites | Moon Market, Allama Iqbal Town |
| Marquees & Hospitals | Quaid-e-Azam Town, New Garden Town |
| Sports Sites | LDA Avenue-I, Green Fort Phase-I |
| Commercial Plot | 20-kanal plot at Finance and Trade Center, near Expo Center |
In addition to these, educational and public utility sites in both LDA and private schemes will be auctioned. Residential and commercial plots from LDA schemes will also be presented.
Meeting Highlights
During the meeting, Director General Tahir Farooq highlighted that the amendments, particularly the installment payment structure, are designed to support the business community.
A proposed plan for the development of Jinnah Market in Township was also discussed. The project includes:
- Construction of shops on a 10-kanal and 8-marla area.
- A designated parking space.
Meeting Attendees
The meeting was attended by the following officials:
- Additional DG Housing
- Chief Engineer LDA I
- Chief Town Planner-I
- Directors from auction, finance, revenue, housing, and town planning departments.
These amendments aim to make the auction process more attractive to businesses while supporting urban development.
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