Lahore: The Lahore Development Authority (LDA) has conducted its 6th balloting for residential and commercial plots being offered to applicants under its instalment-based scheme, as reported by an article on September 12.
According to the details, the balloting was held as part of the authority’s initiative to facilitate plot ownership through flexible payment plans. Eligible applicants were included in the computerised balloting process, with successful applicants to proceed with the required formalities for plot allotment.
The balloting covered plots in Johar Town, LDA City and LDA Avenue-I, which were offered to applicants under instalment-based payment terms. The plots included 40 four-marla commercial plots in the Business Bay area of LDA City. The authority stated that the plots are located approximately 3 minutes from Ferozepur Road and Ring Road.
The balloting also included 30 five-marla commercial plots in the Commercial Zone of LDA Avenue-I and 25 five-marla residential plots in Block K of Johar Town.
LDA Director General Tahir Farooq said successful applicants would be eligible for a 5% discount on lump-sum payments. He added that the plots were being offered under a three-year payment plan, with the payable amount divided into 12 equal installments.
As per the reported figure, 1,520 applications were received for participation in the balloting.
The initiative is aimed at providing greater access to property ownership by allowing applicants to acquire plots through structured instalment payments. The LDA has continued to expand its plot-allotment programmes, with the latest balloting marking another phase of the scheme.
