Introduction of the LDA City Housing Scheme Lahore
Population of Lahore is growing at a fast pace; every year, more than 300,000 residents are added to its population and its population is expected to reach 13 million by the year 2021. The provision of civic facilities to such a huge population is a gigantic task, but LDA is committed to serve this population with the same vigor as it has been doing in the past. LDA, to move a step towards this goal, has planned a housing scheme named “LDA City”.
LDA City housing scheme will be launched on the basis of land sharing methodology between land owners and LDA. The scheme will be largest of the province, designed on the state-of-the-art urban development model, making provision for housing units of all categories expecting to attract residents from all strata of life, high rise buildings and modern commercial centers aiming to give a boost to the city’s economic life. The scheme will bring out a fresh and developed face of city providing healthy lifestyle to its residents at affordable costs.
Location of Scheme
This housing scheme is located at main Ferozpur road with its entrance along the Butcher Khana Canal just 1.5 Kms from the terminal station of Metro Bus Service.
scheme is located along the southern arc of the Lahore Ring Road. The scheme is spread over following seven mouzas:-
Toor Warriach &
Scheme is bounded by:-
1- Defence Road / Hudyara Drain, in North
2- 500 meters along with butcher khana Canal, in South
3- Ferozpur road, in East
4- Lahore – Karachi Railway line, in West
Current Status of Scheme
The soil investigations and topographic survey of the scheme are complete. The notification under section 4 of land acquisition act 1894 has been issued.
Area of Scheme
Housing Scheme comprises about 45,000 Kanals and is likely to provide housing facilities to approximately 40,000 families.
Scope of Assignment and Methodology
LDA has decided to launch this scheme on the basis of land sharing arrangement between the land owners and the LDA, and enlist investors / development partners / agents / licensee (hereinafter called Development Partners) to purchase land from the owners on behalf of LDA. Under this arrangement, the development partners shall purchase the land from the land owners and get it mutated in favour of LDA, in lieu of which, developed plots to the extent of 31% of the transferred land shall be exempted, out of which 30% shall be the share of the land owner and 1%, the share of Development Partners for the services rendered by him.
Housing scheme has been divided into 07 zones for the purpose of purchase / transfer of land, each comprising approximately 5,000-8,000 kanals. The size of the zones is however tentative and it shall be finalized prior to the award of contract to any Development Partner. LDA,hereby invites application from individuals / firms / registered companies / joint ventures for enlistment of Development Partners for these aforementioned zones.