{"id":97176,"date":"2024-05-16T12:23:03","date_gmt":"2024-05-16T07:23:03","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97176"},"modified":"2024-05-16T12:31:57","modified_gmt":"2024-05-16T07:31:57","slug":"lda-generates-rs-1-114-billion-from-properties","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lda-generates-rs-1-114-billion-from-properties.html","title":{"rendered":"LDA auctions 25 properties, bags 5-yrs\u2019 highest revenue"},"content":{"rendered":"\n<p>Lahore: The Lahore Development Authority (LDA) auctioned 25 properties comprising residential and commercial plots, petrol pumps, and education sites for PKR 1,114,995,922, as reported by news sources on May 16.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/lda-plans-cycling-tracks-along-major-roads-to-boost-city-mobility.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA plans cycling tracks along major roads<\/a><\/p>\n\n\n\n<p>LDA Director General Tahir Farooq reviewed the recent auction, deeming it the most successful in the past five financial years. Specific transactions included the lease rights of a property in LDA Avenue One for Rs. 9.6 crore, a petrol pump site lease rights auctioned for PKR 9.6 crore, and another property in Johar Town for PKR 3.12 crore. Additionally, an education site in a residential area was auctioned for PKR 91.43 lakh.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/lda-projects-timely-commission-ease-citizens.html\">Commissioner\u2019s push for LDA\u2019s project completion offers hope<\/a><\/p>\n\n\n\n<p>The auction&#8217;s success was attributed to careful planning, transparent processes, and a competitive atmosphere facilitated by the auction committee. This event highlighted the vitality of Lahore&#8217;s real estate sector and emphasised the LDA&#8217;s role in fostering sustainable urban development and economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) auctioned 25 properties comprising residential and commercial plots, petrol pumps, and education sites for PKR 1,114,995,922, as reported by news sources on May 16. Read: LDA plans cycling tracks along major roads LDA Director General Tahir Farooq reviewed the recent auction, deeming it the most successful in the past five financial years. Specific transactions included the lease rights of a property in LDA Avenue One for Rs. 9.6 crore, a petrol pump site lease rights auctioned for PKR 9.6 crore, and another property in Johar Town for PKR 3.12 crore. Additionally, an education site in a residential area was auctioned for PKR 91.43 lakh. Read: Commissioner\u2019s push for LDA\u2019s project completion offers hope The auction&#8217;s success was attributed to careful planning, transparent processes, and a competitive atmosphere facilitated by the auction committee. This event highlighted the vitality of Lahore&#8217;s real estate sector and emphasised the LDA&#8217;s role in fostering sustainable urban development and economic growth.<\/p>\n","protected":false},"author":89,"featured_media":75363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[58239,58238,234,4574],"persona":[],"class_list":{"0":"post-97176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-auction-properties","9":"tag-latest-property-news","10":"tag-lda","11":"tag-property-news","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LDA Generates Rs. 1.114 Billion from Properties - Zameen News<\/title>\n<meta name=\"description\" content=\"LDA recent auction of Lahore properties valued at over Rs. 1.11 billion signals robust real estate activity.\" \/>\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\/lda-generates-rs-1-114-billion-from-properties.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA Generates Rs. 1.114 Billion from Properties - Zameen News\" \/>\n<meta property=\"og:description\" content=\"LDA recent auction of Lahore properties valued at over Rs. 1.11 billion signals robust real estate activity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lda-generates-rs-1-114-billion-from-properties.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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