Rawalpindi: The Government of Punjab has issued the Section 4 notification to begin the land acquisition process for the Rawalpindi Ring Road (RRR) project’s right of way (ROW), according to a news story published today (September 23). The 12,000 kilometres of land falling in the circular road’s ROW has already been marked.
Additionally, the government has already transferred the reserved PKR 6 billion funds to the Land Acquisition Collector’s account for acquiring the required land. The news source also revealed that the District Price Committee has finalised the market value of the marked land. The proposed rates will be shared with the Board of Revenue (BOR) for final approval. Once approved, the District Price Committee will invite objections from the land owner by issuing an official notification.
Once the objections raised by the land owners are addressed, the government will start the land acquisition process and make the payments to the landowners.
Reportedly, the land acquisition process will be completed in phases, where the RRR land falling between the marked route connecting the Radio Pakistan Building on the Grand Trunk (GT) Road with the Lahore-Islamabad Motorway (M2).
As reported earlier, the project will be completed under the private-public partnership arrangement and once the modality in this regard is finalised, Prime Minister (PM) Imran Khan will lay the project’s foundation stone. Sources also claim that the RRR foundation stone will be laid in December this year.
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.
