On the direction of CEO RUDA Imran Amin, Ravi Industrial Association in Ravi City initiated a drive to register factories in the industrial zone intended to provide advanced facilities and standard infrastructure to manufacturers. Speaking about the enrollment drive, the RUDA CEO stated world-class infrastructure would be provided in the industrial zone soon and manufacturers would be part of the movement and would establish their industries.

Meanwhile, Zia-ul-Haq Butt, chairman of the State Association, was pleased with the innovative step and said because of the drive many traders of Misri Shah praised the initiative of the authority and now businesses have started to be developed on Turkey Road and a number of factory owners have also acquired farms.

Last month, (RUDA) has publicized pre-registration for its Smart Residential Complex, ‘Chahar Bagh Condominiums – Ehata Almigir’, as per an advertisement on the RUDA’s official website. The inventory of the project includes one, two, and three-bedroom apartments, studios, as well as penthouses.

The project is named ‘Ehata Almigir,’ which means ‘Neighborhood of the Emperors’. The project is being developed as part of Lahore’s major smart housing project, branded as ‘Modern, Majestic, and Smart’- the first of its kind in the city of gardens. 

Moreover, the authority’s Director of Investor Relations Fardan Khalid recently invited the business community in Faisalabad to make an investment in its ‘New Lahore City project, sources reported.

During a meeting with a delegation of the Faisalabad Chamber of Commerce & Industry (FCCI), Director Fardan stated that the project is a flagship effort with well-paid business opportunities and potential for the commercial community of Lahore city. He added that the project will comprise 2,000 acres of land and will have specialized units for government officials, knowledge, entertainment, sports, tourism, commercial, downtown, and industrial regions.

The post RUDA launches drive to attract investors appeared first on Property Mahir.

As the two authorities are involved in executing the two mega projects, the basic objective behind reviewing these projects is to evaluate their viability, scope, and any intervention on the part of the government.

“Actually these two projects were launched during the PTI-led Punjab government tenure. Therefore, the sitting PML-N government wants to scrutinize them in depth to avert any problem in future since huge investments in various sectors of these projects are involved,” an official from the Punjab government informed the media.

As per a notification released by the government recently, the committee comprises 11 members including P & D Board chairman (convener), Board of Revenue member (consolidation), secretaries for law & parliamentary affairs, local government and community development, irrigation, housing, Lahore commissioner, urban development and public health engineering and environmental protection departments, LDA Director General, chief executive officer (urban unit) and CEO (Ruda/LCBDDA).

Moreover, the Ruda and LCBDDA CEO would be the secretary of the committee. After the detailed Terms of Reference (ToRs), the committee has been allocated to review the master plans of Ruda and LCBDDA and their compatibility with the master plan of LDA formulated for Lahore District.

It will also detect loopholes and weaknesses in the project’s designs, both on the structural/physical and financial side, and recommend possible measures for its resolution.

The committee is also responsible to review the site selection/suitability for land acquisition and land acquisition model with regard to launched/planned projects in the case of Ruda. It will analyze the financial models of Ruda and LCBDDA and their sustainability also.

The board will also need to evaluate the impact of both projects i.e. Ruda and LCBDDA on ancillary infrastructure requirements of Lahore City including traffic, energy, water, sewerage, environment, etc.

With regard to the LCBDDA, the board will also study the jurisdictional disputes and arrangements of land/cost sharing with the Walton cantonment board, Civil Aviation Authority, and Bab-e-Pakistan Foundation. “The committee shall submit its report along with way forward/recommendations on the above TORs to the chief secretary within three weeks,” the notification reads.

The post Panel to assess viability of Ruda, business district projects in Lahore appeared first on Property Mahir.