Lahore: The Punjab Board of Revenue on Monday (October 25) has issued a formal notification of the rates fixed by the District Price Assessment Committee (DPAC) for the land acquisition of the city’s mega projects Sheranwala Flyover and Shahkam Flyover, news sources reported.
As per the new notification, the rates have been adjusted for the acquisition of land that has delayed the construction of the two mega-projects for some time. According to the new notification, the rate of commercial land from Bhubhatian to Canal Road is set at PKR 4.5 million and the residential rate of PKR 2.4 million per marla. The notification has the same rate for the commercial and residential land in the Mouza Jalliana on Canal Road. A total of 62 kanals, 2 marlas of land will be acquired for Shahkam Flyover that will cost PKR 569.65 million in total. For the Sheranwala flyover, the commercial rate of Nolakha Mouza is set at PKR 3 million while the residential rate is set at PKR 2.4 million per marla. A total of 18 kanals and 1 marla land will be acquired for the Sheranwala Flyover.
The new rates have been issued following the landowners’ application to DPAC asking it to review previously determined rates of property. However, the price increase was rejected by the Senior Member Board of Revenue (SMBR). The Board of Revenue has also sent a notification to Commissioner Lahore to uphold the rates of DPAC
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
