Lahore: The Central Business District Punjab (CBD Punjab), has completed its fastest land transfer ever, finalising a deal worth PKR 6.9 billion for plots Lahore Prime 4 & 5, as reported on July 4.
According to the details, taxes for this transfer amounted to over PKR 310 million, marking it as the largest plot transfer at auction price in Punjab’s history. The transfer involves a 23-kanal plot owned by the Pakistan Corporate Consortium REIT fund, representing a significant milestone for both CBD Punjab and the Pakistan Corporate Consortium (PCC). This is the first plot that CBD Punjab has transferred to PCC, with the Board of Revenue (BOR) recording its largest transfer fee for the year 2023-2024.
CBD Punjab demonstrated its dedication to investor convenience by transferring land to investors within 24 hours of full payment. This quick process underscores their commitment to creating an efficient, investor-friendly environment, offering a one-stop service to streamline the process. Recently, CBD Punjab completed the transfer of two combined plots in Lahore Prime CBD Punjab Quaid District to PCC after they paid in full. PCC secured these plots in a competitive auction.
