Lahore: Lahore Development Authority (LDA) Vice Chairman S M Imran recently met with a delegation of the Association of Builders and Developers (ABAD) and said that the civic agency would welcome developers/builders from Karachi who sought participation in the vertical development of the city, according the news sources.
He further stated that the Punjab government was facilitating the real estate stakeholders in its efforts to realise Prime Minister (PM) Imran Khan’s vision of providing affordable housing to the masses. He said that the executive would offer every possible assistance to the local and international builders/developers in a bid to protect agricultural land and promote effective urban land usage by boosting vertical development in the provincial capital.
He informed the delegation that the LDA had approved new regulations for high-rise constructions after consulting all stakeholders (builders, developers, architects, town planners, academia and public) involved.
The delegation received a detailed briefing regarding the new regulations for the construction of high-rises including height limits, no-objection certificate (NOC) issuance from multiple government agencies. The meeting was briefed about the new master plan and the Land Use Rules 2019 draft; which includes commercialization policy of the metropolis.
The meeting was also informed that over 70 high rise building plans had been received by the LDA for approval. The department has also given approval to 65 new housing schemes. The ABAD delegation was also informed about the Finance and Trade Centre (FTC) project, which is expected to be the tallest structure in the city.