LDA City development charges collection at discounted rates to begin soon.
Lahore: The governing body of the Lahore Development Authority (LDA) has provided its approval to the directorates concerned for the collection of development charges from LDA City plot owners, according to news sources.
This decision was announced during a meeting of the governing body; presided over by LDA Vice Chairman S M Imran on Tuesday.
LDA City to start issuing allotment letters from this month
The development work for this project has been estimated to cost PKR 2.3 million per Kanal – with the owners of 20-marla plots expected to pay only half the said amount (as previously notified by the LDA). Similarly, the owners of 10-marla plots are required to deposit PKR 690,000, whereas 5-marla plot owners need to pay PKR 400,000.
Further, the meeting provided its sanction for the issuance of smart cards to the individuals who own property in Jubilee Town, Mustafa Town, and LDA Avenue-1 – in a bid to prevent forgeries and impersonations of property transfers.
LDA shares annual progress report; reveals LDA City development details
The meeting also gave its approval to the amendments proposed in the LDA Building and Zoning Regulations 2019; in addition to introducing revisions to the draft of the Land Use Rules 2019.