LAHORE: Lahore Development Authority (LDA) and Bank of Punjab (BoP) have entered a deal of Rs10bn for financing the construction of 4000 apartments.
The agreement took place under the presence of Chief Minister Punjab; furthermore, the agreement was signed by the Director General, LDA, and Chairman BOP for the development of 4000 apartments.
According to the details of the agreement, the procedure of allotment will be performed by LDA through balloting while the civic authority will also be responsible for the maintenance of the apartments.
On the part of BOP, the bank will collect applications, provide financial services to potential buyers through soft loans in the light of Islamic mortgage financing, and issue letters of comfort.
While speaking on the occasion, the CM Punjab was of the view that the LDA City Naya Pakistan Project is a step towards providing affordable housing to the low-income people as envisioned by the Prime Minister of Pakistan.
For news and blogs, visit Graana.com.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
