Lahore: In a recent news report, Governor Chaudhry Sarwar signed an ordinance on Friday creating a commission to regulate housing schemes in Punjab and take strict action against those that are illegal. According to the ordinance, a commission led by a former Supreme Court of Pakistan judge will be established to take action against illegal housing schemes in Punjab.

Read More: Site offices for illegal housing projects have been shut down

According to the ordinance, the commission will be able to charge three times the value of the said housing scheme’s deficit land as a penalty for a lack of public space, and if a housing scheme fails to meet the required standards for road construction to connect to the main road, the commission will be able to charge three times the value of the deficit land as per the applicable residential valuation table.

If the appropriate condition of roads is not maintained even within the housing scheme, the housing scheme would be required to pay a penalty equal to two times the amount of the deficiency property as determined by the relevant residential valuation table.

Read More: Housing project’s appeal for revised plan turned down

According to the ordinance, any building project that does not meet the legislative standards will be fined 2% of the total land value. The commission would be entitled to levy a tax of two times the amount of the shortfall property in terms of residential value if a building project is built without parks and open spaces, as per the ordinance.

For more information, visit our website Tajarat Properties.