LDA to lodge FIRs against private housing schemes

Friday, January 04, 2013 – LahoreLahore Development Authority has decided to get registered criminal cases against two approved private housing schemes in the city for illegally selling plots mortgaged with LDA, as guarantee for completion of development works.

The Metropolitan Planning Wing of LDA has filed two separate applications in police station Sattokatla, for registration of cases against managements of Valencia Housing Scheme Phase-I to IV as well as WAPDA Employees Co-operative Housing Scheme Phase-I &II.

Sponsors of the two schemes had mortgaged 30 per cent saleable area of these schemes in favour of LDA as pledge for execution of development works and construction of basic infrastructure like roads, water supply and sewerage systems and other basic amenities of life. The management of the two schemes could not sale out the mortgaged plots to anyone till these plots had been released by LDA.Source: http://pakobserver.net/detailnews.asp?id=190046