Islamabad: The authorities concerned have completed their assessments regarding land falling on the Leh Expressway route in addition to marking the houses situated within the route’s limits, according to a news source. The estimated cost for acquiring built-up properties (BUP) along the expressway’s right of way (ROW) is PKR 27 billion.
As per the details revealed, a total of 1,600 houses are located on the expressway’s ROW, while the land identified for acquisition in order to clear the road’s route is 1,362 kanals. Out of this, 1,279 kanals fall in Rawalpindi, while 83 kanals of land is part of Islamabad’s domain. The news source further revealed that the estimated expense to shift utility services located on the route is PKR 2.5 billion.
In addition to fixing sewerage and urban flooding issue in Rawalpindi, the Leh Drain will be covered. This will help reduce pollution in the twin city as well as provide an alternate route between Islamabad and Rawalpindi. Construction of the road is expected to increase the value of property.
It is pertinent to mention here that it hasn’t yet been decided if the project will be completed under private-partnership model. A committee to finalise the project’s financial model has been constituted.
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.
