ProPropertyNewsLDA Decides to Auction Off Assets to Raise Funds for Development Project

LDA Decides to Auction Off Assets to Raise Funds for Development Project

The Lahore Development Authority (LDA) has planned to auction off its assets in different parts of the city to finance development projects.

In this respect, the Director General LDA Amir Ali Ahmed has asked the housing directorate to submit a report in five days.

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As per the details, the government has advised the LDA to sell its assets through an auction to raise funds to begin the development work across the city.

It is pertinent to note that the government has decided to execute the Naya Lahore project which includes several roads and underpasses to develop.

Earlier, the Capital Development Authority also auctioned assets in different parts of the capital to raise funds for several development projects.

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