LDA to accept land offered by owners

[Salman]

LAHORE: The governing body of Lahore Development Authority (LDA) has decided to accept land being offered directly by land owner for LDA City Housing Scheme side-by-side with the land being acquired by development partners working for the purpose.
The decision was made in the LDA governing body meeting held on Tuesday. The governing body also decided to extend the building period for another one year up to September 30, 2018 for all the plots of LDA Avenue One.
It approved PC-1 of Rs7.26 billion for twin tower project which will be constructed at Jail Road and allowed starting civil works of the project at a cost of Rs3.81 billion. It also directed for installation of three pedestrian overhead bridges across Lytton Road at a cost of Rs125.7 million.
The authority allowed increase in maximum height of public buildings, educational institutions and hospitals from 70 feet to 80 feet.It also fixed construction of a minimum 25% of allowed floor area ratio on the first floor of a commercial building for obtaining a completion certificate from the LDA.