{"id":17697,"date":"2015-12-01T17:48:23","date_gmt":"2015-12-01T12:48:23","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=17697"},"modified":"2017-12-11T12:30:33","modified_gmt":"2017-12-11T07:30:33","slug":"plot-owners-want-lda-avenue-i-issues-resolved-asap","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/plot-owners-want-lda-avenue-i-issues-resolved-asap.html","title":{"rendered":"Plot owners want LDA Avenue I issues resolved asap"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2015\/12\/LDA-Avenue-I11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17698 aligncenter\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2015\/12\/LDA-Avenue-I11.jpg\" alt=\"LDA-Avenue-I\" width=\"600\" height=\"350\" \/><\/a><\/p>\n<p>I have been keeping you updated about any and all developments in LDA Avenue I for quite some time now. Even these days, the Lahore Development Authority (LDA) is dealing with many issues in the society and plot owners have no idea when these will be resolved.<\/p>\n<p>Some property owners recently appealed to Prime Minister Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif, the LDA director general and Lahore Electricity Supply Company (Lesco)\u2019s chief executive officer for the provision of electricity in LDA Avenue I.<\/p>\n<p>To dig a bit deeper, we contacted an LDA official.<\/p>\n<p>\u201cWe understand that the project is facing delays but the matter of electricity supply will be resolved within in a month,\u201d the official told Zameen.com. \u201cThe delay is not the LDA\u2019s fault, as Lesco has to supply electricity.\u201d<\/p>\n<p>According to him, the current grid station does not have enough capacity to deal with the burden it is supposed to bear, so it needs to be upgraded, which will be done in a month or so.<\/p>\n<p>Asked about litigation issues in the society, the official said: \u201cThe LDA is trying to resolve these [litigation] issues as well. We are dealing with five housing societies in court and the court orders in this regard will clarify the situation,\u201d<\/p>\n<p>Property owners who made the appeal took special care to mention that the project was launched 12 years ago. Clearly, these people are interested in building their homes in LDA Avenue I, but this cannot happen without electricity supply. Reportedly, 20 houses are being built in the locality and the owners will be forced to use electricity generators. What a misfortune that is!<\/p>\n<p><strong>Property rates in LDA Avenue I<\/strong><\/p>\n<p>The society features 10-marla and 1-kanal plots. According to property price data meticulously compiled by Zameen.com, the average sale price of 10-marla plots was PKR 4,013,043 in January 2015 and spiked to PKR 4,340,236 in November 2015, registering an increase of 8.15%.<\/p>\n<p>The average sale price of 1-kanal plots was PKR 8,984,328 in January 2015, which hiked up to PKR 9,461,096 in November 2015, posting a 5.30% increase.<\/p>\n<p>Do you think this is an impressive price hike? It\u2019s not, if you ask me. Investor focus has shifted because of the litigation issues and the delay in the provision of electricity has become a bone of contention. But this does not mean that the society has a dark future. And why do I say that? Considering the project\u2019s infrastructure and location (only a few kilometres away from Thokar Niaz Baig), I believe the society holds excellent potential.<\/p>\n<p><strong>What should plot owners do?<\/strong><\/p>\n<p>In my opinion, plot owners should wait and remain hopeful. The expansion of Raiwind Road is already on the cards and the completion of the project will further boost property prices in LDA Avenue I. Secondly, Lahore Ring Road will have an intersection at Adda Plot. Once completed, this project will also benefit the society greatly. And the last but not the least, electricity supply will bring back all the lost sheen.<\/p>\n<p>That\u2019s all I have about LDA Avenue I for the day. If you want to confirm the status of your plot, please share the plot number with me in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have been keeping you updated about any and all developments in LDA Avenue I for quite some time now. Even these days, the Lahore Development Authority (LDA) is dealing with many issues in the society and plot owners have no idea when these will be resolved. Some property owners recently appealed to Prime Minister Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif, the LDA director general and Lahore Electricity Supply Company (Lesco)\u2019s chief executive officer for the provision of electricity in LDA Avenue I. To dig a bit deeper, we contacted an LDA official. \u201cWe understand that the project is facing delays but the matter of electricity supply will be resolved within in a month,\u201d the official told Zameen.com. \u201cThe delay is not the LDA\u2019s fault, as Lesco has to supply electricity.\u201d According to him, the current grid station does not have enough capacity to deal with the burden it is supposed to bear, so it needs to be upgraded, which will be done in a month or so. Asked about litigation issues in the society, the official said: \u201cThe LDA is trying to resolve these [litigation] issues as well. We are dealing with five housing societies in court and&hellip;<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[2177,2374,2373],"persona":[],"class_list":{"0":"post-17697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"tag-lda-avenue-1-litigation-issues","7":"tag-lda-avenue-1-news","8":"tag-update-on-lda-avenue-i"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Plot owners want LDA Avenue I issues resolved asap - Zameen News<\/title>\n<meta name=\"description\" content=\"I have been keeping you updated about any and all developments in LDA Avenue I for quite some time now. 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