Underpass approved for Judicial Complex

RAWALPINDI – Punjab Chief Minister Shahbaz Sharif has approved the construction of an underpass at the new judicial complex.
Earlier the district management wanted to build an overhead bridge but the District Bar Association had rejected the project terming it a security risk and proposed an underpass on the site.

The project will cost Rs 50 million and its construction will start in January. The funds will be provided by the Punjab government.

Bar Association president and general secretary said that walk-through gates would be erected on both sides of the underpass and lawyers and their clients would have to pass through them to enter the complex. Continue reading

New LDA wing to monitor private housing societies

Staff Report

LAHORE: In order to closely monitor the affairs of the approved private housing schemes in the city, Lahore Development Authority (LDA) Director General Ahad Khan Cheema on Wednesday set up a separate directorate, called Directorate of Estate Management (Private Housing Schemes), in the authority.

Headed by a director of general cadre, the directorate will function under the administrative control of Chief Metropolitan Planner of the LDA. It will prepare a proper land bank of the LDA properties and their disposal through auction in the private housing schemes.

The new wing will also safeguard the public utility sites, reserved for setting up schools, dispensaries, community centres, graveyards and other places of public use in these schemes besides controlling the unauthorised sale of mortgaged plots by taking action against encroachments/illegal occupation.

Ahad has appropriated posts to the newly established directorate from existing strength of LDA budget. It will be manned by one director estate management (private housing scheme), one deputy director/senior estate officer (EM, general cadre) and three assistant directors/estate officers (general cadre).

Meanwhile, LDA has urged LDA Avenue-I allottees, who had yet not paid one or more installments out of the total 12 payments, to deposit the remaining price of their plots by March 31, 2013. No mark-up or penalty will be charged from them by this date because of the delay in payment at their part. No further extension will be given in this date. Continue reading

Grand auction fails to bear fruit for CDA

ISLAMABAD – The unexpected results of ‘so-called’ grand auction of land Wednesday shattered the expectations of city managers completely and jeopardised the future course of action of Capital Development Authority (CDA).

The optimistic CDA bosses had estimated generation of revenue amounting to around Rs 4 billion from the sale of some 30 industrial, commercial, residential and other plots.

“The revenue generated would be utilised to clear off the outstanding dues of the contractors engaged on several important developmental projects including the Kashmir Highway, Park Enclave etc,” an top official of the Authority said a couple of days ago after informing about the projected revenue generation from two-day grand auction.

After two consecutive days of auction the Authority received bids worth Rs1.09 billion against 13 residential and two commercial plots. Most of the plots mentioned in an advertisement published in the press in this regard were either not presented for the auction, while some plots which were not scheduled to be auction were presented for sale on Wednesday. Continue reading

Grand auction fails to bear fruit for CDA

ISLAMABAD – The unexpected results of ‘so-called’ grand auction of land Wednesday shattered the expectations of city managers completely and jeopardised the future course of action of Capital Development Authority (CDA).

The optimistic CDA bosses had estimated generation of revenue amounting to around Rs 4 billion from the sale of some 30 industrial, commercial, residential and other plots.

“The revenue generated would be utilised to clear off the outstanding dues of the contractors engaged on several important developmental projects including the Kashmir Highway, Park Enclave etc,” an top official of the Authority said a couple of days ago after informing about the projected revenue generation from two-day grand auction.

After two consecutive days of auction the Authority received bids worth Rs1.09 billion against 13 residential and two commercial plots. Most of the plots mentioned in an advertisement published in the press in this regard were either not presented for the auction, while some plots which were not scheduled to be auction were presented for sale on Wednesday.

None of the industrial and almost all the commercial plots except two, were not produced for the auction owing to obvious reasons.  On Wednesday, the Authority presented a total of 13 residential plots of different sizes and located in Sectors D-12, G-10, F-10 and F-6 for bidding process.

Plot no 96-A, measuring 1000 square yard in Sector F-6 received bid of Rs 134,000 per square yard, whereas, plot no 96-B located in the same sector received highest bid of Rs 103,500 per square yard.

In Sector F-6/3, plot no 3-A and plot no 75 each measuring 600 square yard got bid of Rs 77,000 and Rs 66,500 per square yard respectively.

In Sector G-10/2, six residential plots including plot nos 471-476 each measuring 355.55 square yards received bids worth Rs 52,000, Rs52000, Rs52500, Rs53000, Rs55500, and Rs59000 per square yard respectively.

In Sector D-12/3, three plots including plot nos. 356, 357 and 358, each measuring 355.55 received bids of Rs 44,500, Rs.42,500 and Rs 43,500 per square yard respectively. Continue reading

Underpass approved for Judicial Complex

RAWALPINDI – Punjab Chief Minister Shahbaz Sharif has approved the construction of an underpass at the new judicial complex.

Earlier the district management wanted to build an overhead bridge but the District Bar Association had rejected the project terming it a security risk and proposed an underpass on the site.

The project will cost Rs 50 million and its construction will start in January. The funds will be provided by the Punjab government.

Bar Association president and general secretary said that walk-through gates would be erected on both sides of the underpass and lawyers and their clients would have to pass through them to enter the complex. Continue reading