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LDA takes possession of mortgaged plots
 
June 20, 2012
 
 
LDA takes possession of mortgaged plots

LAHORE – The Lahore Development Authority has taken over possession of mortgaged plots in 18 private housing schemes in the city as their developers had failed to complete development work in these colonies, despite expiry of specified period given to them for this purpose years ago.

These plots would now be sold through open auction by LDA for executing development work.
LDA has warned other private schemes as well to finish development work at the earliest otherwise their mortgaged plots will also be taken into custody for auction and subsequent execution of development work.
Meanwhile taking serious notices of the violations of approved lay out plans by the approved private housing societies situated in LDA’s controlled area, staff of the LDA Metropolitan Planning Wing demolished a  road that had been illegally constructed in the land reserved for graveyard in Pak Arab Housing Scheme, Ferozepur Road.
LDA has also filed an application for lodging FIRs against this scheme.

 
 
on epaper page 13
 
 
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