{"id":85500,"date":"2022-04-21T11:51:15","date_gmt":"2022-04-21T06:51:15","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85500"},"modified":"2022-04-21T11:51:21","modified_gmt":"2022-04-21T06:51:21","slug":"punjab-lease-state-owned-lands-through-auction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-lease-state-owned-lands-through-auction.html","title":{"rendered":"Punjab to lease state-owned lands through open auction"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lahore: The Board of Revenue (BoR) Punjab has decided to lease out the government-owned lands through an open auction to boost revenue stream, news sources reported. The specified properties have been allotted by various local bodies and departments for the construction of shops and commercial plazas. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-establish-computerised-land-bank-board-revenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab to establish computerised land bank under Board of Revenue<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To this effect, the provincial divisional commissioners and district collectors have been instructed to produce reports on the subject. The land will be utilised to build commercial shops and will be leased to the public for four years through an open auction. At the end of the specified period, the stores will be auctioned off again for a period determined by the land revenue authority at the time of auction. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/revenue-board-report-housing-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\">Revenue board seeks report on housing societies across Punjab<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to reports, the decision was made to boost state revenue, employ property for economic uses, and prohibit encroachment on idle public land. The auction announcement has come after the department&#8217;s last effort on September 30, 2019. However, the notification sent at the time did not include a lease duration, which caused a misunderstanding. The notice was later cancelled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Board of Revenue (BoR) Punjab has decided to lease out the government-owned lands through an open auction to boost revenue stream, news sources reported. The specified properties have been allotted by various local bodies and departments for the construction of shops and commercial plazas. Read: Punjab to establish computerised land bank under Board of Revenue To this effect, the provincial divisional commissioners and district collectors have been instructed to produce reports on the subject. The land will be utilised to build commercial shops and will be leased to the public for four years through an open auction. At the end of the specified period, the stores will be auctioned off again for a period determined by the land revenue authority at the time of auction. Read: Revenue board seeks report on housing societies across Punjab According to reports, the decision was made to boost state revenue, employ property for economic uses, and prohibit encroachment on idle public land. The auction announcement has come after the department&#8217;s last effort on September 30, 2019. However, the notification sent at the time did not include a lease duration, which caused a misunderstanding. The notice was later cancelled.<\/p>\n","protected":false},"author":75,"featured_media":76191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[38499,52049],"persona":[],"class_list":["post-85500","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","category-notices-announcements","tag-board-of-revenue-bor","tag-punjab-to-lease-state-owned-lands-through-open-auction","cat-15016-id","cat-15017-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab to lease state-owned lands through open auction - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Board of Revenue (BoR) Punjab has decided to lease out the government-owned lands through an open auction to boost revenue stream, news\" \/>\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\/punjab-lease-state-owned-lands-through-auction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab to lease state-owned lands through open auction - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Board of Revenue (BoR) Punjab has decided to lease out the government-owned lands through an open auction to boost revenue stream, news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-lease-state-owned-lands-through-auction.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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