The Lahore Development Authority (LDA) has approved building plans of three buildings comprising 40-50 floors in the provincial metropolis. District Nazim and Chairman LDA Mian Amer Mahmood revealed this while addressing a function held to award confirmation letters to 40 work-charged employees of the LDA here at Court Street on Wednesday.
Amer said that two buildings would comprise of 40 floors each, while one building would have 50 floors. Against the target of Rs 180 million, the LDA has collected Rs 290 million under the head of commercialisation fee during the first six months of the current fiscal year. He expressed the hope that recovery target of commercialisation fee would exceed to Rs 500 million this year.
Under the district government system, the financial position of LDA has significantly improved. The pending developmental works including supply of gas and electricity to the LDA housing schemes would complete by the end of this fiscal year, he added.
He said that LDA governing body has approved three percent quota of LDA employees in all housing schemes in future. He said that LDA School would be established at 32-kanal land in Johar Town where O-level classes would be introduced and scholarships would be given to the children of LDA employees.