LDA starts full-fledged anti-default campaign

Sources said that LDA was facing great decline in revenue generation due to growing default in the head of commercialisation fee. Authority concerned showed great concern over the downward trend. On the direction of City Nazim Mian Amer Mehmood, who is chairman of LDA, some moves were initiated to ensure the collection of commercialisation fee but they could not be materialised due to reason best known to high-ups.

With a view to increase the revenue, LDA former Director General Muhammad Arif had also planned to carve out new LDA commercialisation policy. But after some development, new commercialisation policy hit the snags. Sources said that LDA failed to collect Rs 600 million revenue regarding commercialisation fee during one year due to inordinate delay in commercialisation policy. They said that LDA had 25 per cent controlled area against 75 per cent by the City District Government Lahore.

But it collected Rs 600 million vis-a-vis CDGL which gathered Rs 100 million under the head of commercialisation last year. Sources said that LDA evolved the new commercialisation policy for its housing schemes and controlled areas and got it approved by its governing body before the establishment of new govt in Punjab. However, new Punjab govt after assuming the charge, stopped LDA to implement the policy.

Meanwhile, LDA’s new commercialisation policy considered to be lenient to defaulters, has hit the snags.