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February 25, 2021
LAHORE: Lahore Development Authority (LDA) signed an agreement with Bank of Punjab (BOP) for Rs10billion for the construction of 4,000 apartments here on Wednesday. The signing ceremony was held under the chair of Chief Minister Usman Buzdar. LDA DG Ahmed Aziz Tarar and BoP chairman Zafar Masood signed the agreement for constructing 4,000 apartments for LDA City Naya Pakistan Apartments over an area of 800 kanals. The BOP will provide resources for the project. According to the agreement, the LDA will construct and allot apartments through balloting and will also be responsible for the maintenance of building infrastructure. The BOP will receive applications, issue letters of comfort to expected allottees along-with the provision of soft loans to successful applicants under Islamic mortgage financing. The project amount will be ring-fenced.
Naya Pakistan Housing: 35,000 apts to be constructed after deal inked between LDA, banks
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Wednesday Feb 24, 2021
Punjab Chief Minister Sardar Usman Buzdar witnessing the signing ceremony of a Rs10 billion agreement between Lahore Development Authority and the Bank of Punjab at his office. Photo courtesy Twitter/Usman Buzdar
LAHORE: Punjab Chief Minister Sardar Usman Buzdar on Wednesday said the prime minister’s vision of providing roof to the shelterless has been materialised by the Punjab government as banks and the public sector have joined hands to provide residential facilities to the common man.
He was addressing a ceremony for the signing of a Rs10 billion agreement between Lahore Development Authority and the Bank of Punjab at his office.
LAHORE: The government has suspended the notification of taking over building control of 15 prime roads in the city district by the deputy commissioner-led high level design committee reportedly over the concerns shown by the Association of Builders and Developers (ABAD) of Pakistan.
The association had written a complaint to Prime Minister Imran Khan against the notification.
“On Jan 23, Deputy Commissioner Mudassir Riaz Malik had issued a notification, declaring 15 city roads to be part of the areas controlled by design committee. However, the notification was suspended after the PM took notice of ABAD’s complaint to him that had termed the move against the spirit of facilitating business something on the priority list of the government,” an official source told Dawn on Thursday.