Lahore: The Lahore Development Authority (LDA) is planning to relax its land use rules in order to promote large-scale commercial projects, according to a news source. As a result, the authority has proposed the introduction of a new land category, and a reduction in commercial fee rates, to achieve its goal.
In this regard, the government department invited a number of stakeholders to a seminar on Monday, including architects, town planners, construction firms, and academia, where it received a wide variety of opinions and suggestions that will help in preparing the Land Use Rules 2019.
LDA officials revealed that the body is planning to phase out the current annual commercialisation scheme by 2024. In addition, it will reduce the commercialisation fee of residential property from 20% to 15%. Moreover, one of the major changes proposed was the introduction of a new semi-commercial category, which will encourage mega projects that are sized between 24 kanals and 200 kanals.
These measures are all part of a grand plan to promote development in the provincial capital, and make its land rules more accommodating for mega-commercial projects.
