LDA look for board approval to change its property management regulations.  

Joined: 5 years  ago
Posts: 694
07/04/2022 6:26 pm  

The LDA (Lahore Development Authority) has developed an amendment to the Property Management of the Lahore Development Authority Regulations for 2021. A revised version will be submitted to the LDA administration at a future meeting.

Read: M M Alam Road is designated as a pedestrian by the LDA.

As the news reported, the updated draft revised land purchase and management standards for national societies. A highlight of the amended draft is Section 5 of the Property Management and Transfer Act by Development Authorities 2014. And Section 20 of this Act authorizes governments to make rules for carrying out the purposes of this Act, and Section 21 allows authorities to make regulations.

Read: LDA Proposed Kalma Chowk Underpass Extension, One-Way Flyover

A committee is constituted in accordance with section 4 of the Regulations to deal with joint venture matters and to carry out joint venture work charged by the DG.

The committee will include:

  • Additional Director General (Housing)
  • Chief Metropolitan Planner
  • Chief Town Planner
  • Director (Housing-X)
  • Chief Engineer-I
  • Director (C&I)
  • Finance Director
  • DG-appointed Officers

A joint venture agreement may contain full information on all matters relating to a joint venture in accordance with section 7. The Attorney General (High Court and Supreme Court) reviews joint venture agreements.

Subscribe to Our Youtube Channel
Red Marketing & Real Estate Youtube Channel
Follow Our Official Twitter
Red Marketing & Real Estate Twitter Page
Like Our Official Facebook Page
Red Marketing & Real Estate Facebook Page

Topic Tags
contact us