{"id":72461,"date":"2020-12-03T13:03:21","date_gmt":"2020-12-03T08:03:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=72461"},"modified":"2020-12-03T13:03:27","modified_gmt":"2020-12-03T08:03:27","slug":"consortium-for-lda-city-naya-pakistan-apartments","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/consortium-for-lda-city-naya-pakistan-apartments.html","title":{"rendered":"Consortium formed to finance LDA City Naya Pakistan Apartments"},"content":{"rendered":"\n<p>Lahore: Lahore Development Authority (LDA) Vice Chairman S M Imran and Director General (DG) Ahmed Aziz Tarar on Wednesday met with top officials of the country\u2019s leading financial institutions. During the meeting a consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under the first phase of the LDA City Naya Pakistan Apartments project, according to the authority\u2019s official press.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lda-shares-checklist-buyers-avoid-real-estate-frauds.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA shares checklist for buyers to avoid real estate frauds<\/a><\/p>\n\n\n\n<p>The attendees also discussed the issue of providing mortgage financing for <a href=\"https:\/\/www.zameen.com\/news\/pc-1-lda-city-naya-pakistan-apartments-approved.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA apartments<\/a>. To this effect, the banks concerned offered to provide easy loans to fund 80% of the cost of these apartments in the form of mortgage financing facility. As per Prime Minister Imran Khan\u2019s vision, these loans will be offered on subsidised 5% markup rate.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lda-city-deadline-for-development-charges.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA City: Deadline issued for submission of development charges\u2019 2nd instalment<\/a><\/p>\n\n\n\n<p>Representatives of Bank Al-Falah, Bank of Punjab, Faisal Bank, Habib Bank, UBL, Meezan Bank, and National Bank were all present at the occasion, while officials from Karachi participated in the session through virtual means.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Lahore Development Authority (LDA) Vice Chairman S M Imran and Director General (DG) Ahmed Aziz Tarar on Wednesday met with top officials of the country\u2019s leading financial institutions. During the meeting a consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under the first phase of the LDA City Naya Pakistan Apartments project, according to the authority\u2019s official press. Read: LDA shares checklist for buyers to avoid real estate frauds The attendees also discussed the issue of providing mortgage financing for LDA apartments. To this effect, the banks concerned offered to provide easy loans to fund 80% of the cost of these apartments in the form of mortgage financing facility. As per Prime Minister Imran Khan\u2019s vision, these loans will be offered on subsidised 5% markup rate. Read: LDA City: Deadline issued for submission of development charges\u2019 2nd instalment Representatives of Bank Al-Falah, Bank of Punjab, Faisal Bank, Habib Bank, UBL, Meezan Bank, and National Bank were all present at the occasion, while officials from Karachi participated in the session through virtual means.<\/p>\n","protected":false},"author":75,"featured_media":61352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[43654,43653,43655],"persona":[],"class_list":{"0":"post-72461","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-4000-lda-city-apartments","10":"tag-consortium-formed-to-finance-lda-city-naya-pakistan-apartments","11":"tag-consortium-of-seven-commercial-banks","12":"cat-15016-id","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Consortium for LDA City Naya Pakistan Apartments - Zameen News<\/title>\n<meta name=\"description\" content=\"A consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under LDA City Naya Pakistan Apartments\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/consortium-for-lda-city-naya-pakistan-apartments.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consortium for LDA City Naya Pakistan Apartments - Zameen News\" \/>\n<meta property=\"og:description\" content=\"A consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under LDA City Naya Pakistan Apartments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/consortium-for-lda-city-naya-pakistan-apartments.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T08:03:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-03T08:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/LDA-City.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Consortium for LDA City Naya Pakistan Apartments - Zameen News","description":"A consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under LDA City Naya Pakistan Apartments","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/consortium-for-lda-city-naya-pakistan-apartments.html","og_locale":"en_US","og_type":"article","og_title":"Consortium for LDA City Naya Pakistan Apartments - Zameen News","og_description":"A consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under LDA City Naya Pakistan Apartments","og_url":"https:\/\/www.zameen.com\/news\/consortium-for-lda-city-naya-pakistan-apartments.html","og_site_name":"Pakistan Real Estate News &amp; 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