Lahore: The Punjab Central Business District Development Authority (PCBDDA) has achieved a historic milestone by completing the fastest land transfer in its history, valued at PKR 6.9 billion for plots Lahore Prime 4 & 5. This important news has been sourced from an article published July 3.
According to the details, the transfer involved a 23-kanal plot owned by the Pakistan Corporate Consortium REIT fund and represents a key achievement for both CBD Punjab and the Pakistan Corporate Consortium (PCC).
This significant transaction also saw over PKR 310 million in taxes paid to the government treasury through the Board of Revenue (BOR), marking the largest plot transfer at auction price in Punjab’s history.
It is the first instance of a plot being transferred from CBD Punjab to PCC, with the BOR noting the largest transfer fee for a single purchase in the fiscal year 2023-2024.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
