The Lahore Development Authority (LDA) governing body approved a Rs59 billion budget for the fiscal year 2025-26 during its meeting on Wednesday. Additionally, a Rs3 billion budget was approved for the Town Planning and Environment Protection Agency (TEPA).
Presided over by Vice Chairman Mian Marghub Ahmed, the meeting was attended by Wasa Vice Chairman Chaudhry Shahbaz Ahmed and LDA Director General Tahir Farooq. Several key issues, including the annual budget, were discussed and approved during the session.
The LDA allocated Rs23.3 billion for development receipts and Rs24.3 billion for non-development receipts. For the current year, the LDA Town Planning Wing set a target of Rs16.5 billion, while the CMP Wing was assigned a target of Rs1 billion. Sales and auctions are expected to generate Rs11.4 billion.
The LDA plans to carry out Rs14 billion worth of development projects in LDA City, Avenue One, and other schemes. Additionally, the authority will take a Rs10 billion loan from the Punjab government for the LDA structure plan roads, with a total of Rs20 billion earmarked for road construction.
The meeting also approved various proposals, including the map and fee waiver for Jinnah Market, Township, and Child Welfare Centre. The reconstitution of the negotiation committee for LDA Avenue 1 was also greenlighted.
Amendments to the LDA Building and Zoning Regulations 2019 were approved, including changes to the floor area ratio for high-rise buildings and making basements and underground parking optional. Furthermore, the requirement for arcades in commercial properties up to 2 marla was abolished, and the regulations for the exterior of commercial properties in LDA-controlled areas were also revised.
The meeting also discussed revisions to penalty fees for illegal commercialization, reducing fees for educational institutions and healthcare facilities, and approved amendments to the LDA Land Use Rules. Members praised the team’s efforts in improving revenue generation.
Additionally, the committee approved the sustainable development model for the Gulberg Scheme and the development plan for LDA Avenue One, while also emphasizing the need to restore maintenance and repair services for LDA-controlled roads.
