Lahore: With the help of Lahore Development Authority (LDA), the Punjab Board of Revenue has started to recover revenue worth billions of rupees from private real estate developers who illegally acquired land owned by the government, according to a news source. In this regard, the board procured details from the assistant commissioner about government land that private developers acquired and sold.
Reportedly, the mushrooming housing societies in Lahore encroached upon government land meant for roads and paths leading to agricultural land, and on land allocated for sewerage lines and drains with the help of local patwaris and sold it at per marla rates of several hundred thousands.
To recover price of this land from the developers, the Board of Revenue is being assisted by the LDA, Lahore Electric Supply Company, and Water and Sanitation Agency. Allegedly, developers of many housing societies located in the southern parts of Lahore are to make payments to the board for the acquisition of government land.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
