LAHORE: The Lahore Development Authority (LDA) has announced to adopt zero-tolerance policy against the violation of bye-laws in the development of city’s biggest Finance and Trade Centre (F&TC) in Johar Town.
The LDA prepared a master plan for the area measuring more than 1123 kanals land and special building bye-laws have been formulated keeping in view the international regulations to encourage the construction of high rise buildings. No one would be allowed to construct building in violation of master plan of the trade centre.
A five star hotel, shopping mall and an international standard super store are already under construction in the Trade Centre which will likely to be opened next year. According to the LDA sources, the LDA will offer its land to the potential investors through an open auction to develop the area with an aim to make it a business hub for investors.
The Finance and Trade centre is being established by the LDA on 1,123 kanals of land, located near Expo Centre, in Johar Town. Out of this land, a superstore would be built on 90 kanals, a five star hotel on 114 kanals, bank square on 69 kanals, a health club on 27 kanals, a hospital on 25 kanals, a mosque on five kanals, recreation area on 75 kanals, parking and mini golf club on 32 kanals and a park and lake on 42 kanals. About 40 kanals have been reserved for multistorey apartments, eight kanals for the service area and 388 kanals for roads.
The commercial area of the centre would be on 111 kanals and a corporate office and LDA tower on 101 kanals. Besides allocating a sum of Rs 500 million for the construction and improvement of infrastructure of the area in the annual budget, LDA will encourage public and private partnership to complete this mega project, sources added.
Under the prevalent building regulations, four basements can be built on a plot measuring more than four kanals. At the new centre, five basements will be allowed. The mandatory open side space on a plot measuring more than 20 kanals will be 15 feet compared to 20 feet elsewhere. No height limit is being proposed for buildings to be constructed in the area.
