Lahore has become new Karachi. With rapid increase of population, a robust management of resources is necessary for preserving the city’s clean landscape and comfortable ambience as well as its status in Pakistan real estate. In collaboration with Punjab Government, City District Government and Lahore Development Authority are making the needed arrangements to meet these new challenges. Construction of new roads, reconstruction of the old and broken ones, and addition of new overhead bridges, flyovers, service lanes and footpaths along with better drainage system are some of the glimpses of Lahore’s current face.
Meanwhile, individual needs of different zones and markets are also addressed, for instance, the long longed parking plaza for Liberty Market i.e. Liberty Ride and Park Plaza is now operational to fix the traffic issues of the market. However, few hurdles make this plaza a not so attractive investment in Lahore Properties. Although, the Liberty Ride and Park Plaza was inaugurated in December 2010, it is still struggling to find its way in Lahore real estate as a strong investment. The construction cost of the project also remains controversial as many people find the Rs. 678million spent on the plaza a “staggering high” amount.
In Addition, couple of corruption cases were reported against the LDA where the Authority was accused of mismanaging an amount Rs. 37 million. The petition filed against its construction on the property of Parks and Horticulture Authority is beside the issues faced by the Plaza. None the less, the Park and Ride Plaza seems to have sailed through the crises and now stepping into a new era where its acceptance is indispensible for fixing the maddening traffic issues faced by the Lahore’s most posh market i.e. Liberty Market. Many people have appreciated the addition of this plaza in the busy Liberty Market and the shop owners who initially did not find it pleasant to walk all the way to their shops from the parking plaza are now adjusting accordingly.
Built adjacent to United Christian Hospital, Liberty Park and Ride Plaza is constructed on an area of 3.17 kanal and has 11 floors. Four floors including the basement, ground floor, first floor, and rooftop are reserved for shops and restaurants. Rest of the 7 floors are meant for vehicle parking and have a room for as many as 308 cars. The plaza can be accessed from all four sides and has two capsules lifts as well as stairwells and ramps. To ensure the steady function of lifts, signals and barriers, a standby generator is also installed. The construction design of the plaza has not ignored any security aspect and has facilities such as CCTV, fire alarms and fire fighting, audio and emergency buttons, car-canners, public address system and road blockers.
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