The Lahore Development Authority (LDA) has approved the construction of4,000 apartments under Phase 1 of the Naya Pakistan Housing Scheme.

According to an LDA spokesperson, this project will cost approximately Rs.10 billion and citizens will receive prior facilitation to buy theapartments.——————————

The meeting for the scheduling of this project was headed by the LDAVice-Chairman, S. M. Imran. The LDA’s Director-General, Ahmed Aziz Tarar,briefed the attendants of the meeting about the new agenda.

“The apartments will be constructed on 563 kanals of land in Mouza Halokiwithin a year. As many as 125 blocks of four-story apartments will beconstructed on the land, and each block will consist of 32 residentialunits while numerous mosques will also be built here,” he said.

The state officials who attended the meeting also decided on theconstruction of roads, water treatment plants, water supply and seweragesystems, sidewalks, and related framework.

According to reports, 8,500 kanals of land allotted for the construction of35,000 apartments with a PC-1 form for a Rs. 20 billion kitty was alsoapproved.

The attendees also approved the financial model proposed by Aslam Malik &Co. – a financial consultant to be appointed for the LDA City Naya PakistanApartments Project – to make the construction of these apartments a viableproject.