Lahore: The development work on phase 1 of the Lahore Central Business District is expected to be completed by April, with over 80% of sewerage-related activities completed just a few days ago.
Read More: In Lahore’s Central Business District, development work to begin soon
Phase I will feature 12 buildings, each with a height of 500 feet, that will set Lahore apart from the rest of the country. The Lahore Central Business District Development Authority (LCBDDA) is in talks with the Civil Aviation Authority (CAA) to raise the building height restriction to over 500 feet in order to attract more investors.
The district’s overall land demarcation consists of several parts of land totaling 278 acres, with 122 acres of that total land located along the Ferozepur Road. Walton Airport and the Bab-e-Pakistan are in charge of the remaining parcels of land (Walton Road). The CBDDA has complete jurisdiction over the 278 acres.
Read More: RUDA, CBD projects in Lahore crucial for attracting foreign investment
Following the September auction of five plots for the construction of high-rises and the promotion of vertical growth in the city, the other seven plots are currently being planned for auction. According to the official, phase-I development work began after the LCBDDA’s Board of Directors (BoD) approved Rs3.5 billion PC-1 on the suggestion of the bidding and development scrutiny committee.
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