Lahore property News:LDA to take over private housing schemes for development
Lahore—The Lahore Development Authority has started action to take over possession of mortgaged plots in 21 private housing schemes in the city to initiate delayed development works.
The LDA will subsequently sell these plots through an open auction for executing development works as their developers had failed to complete development works in these colonies despite lapse of specified period given to them for this purpose.
According to the LDA sources, the LDA has intimated the public and developers of these schemes to file their respective objections in this regard. It has also asked them to intimate if they have any transaction of plots in these schemes. The objections must reach in the office of the Director Metropolitan Planning, LDA within fifteen days.
These schemes include Abu Zar Housing Scheme, Ahbab Cooperative Housing Scheme Phase-I, Al- Assar Housing Scheme, Al-Hamra Town Housing Scheme, Bagh-e-Iram Housing Scheme, Ravians Co-operative Housing Scheme, China Town Housing Scheme, Fazal Elahi/ Makkah Housing Scheme, Gulshan-e-Jinnah Housing Scheme, Green Valley Housing scheme.