Lahore: The Lahore Development Authority (LDA) is all set to hold the second ballot event for its LDA City-Jinnah Sector (Phase I) project on February 14 (Friday) at the LDA Sports Complex located in Johar Town – to allocate plot numbers against distributed plot files.
To this effect, the project developer has contracted the services of the Punjab Information Technology Board (PITB); which has been tasked with ensuring transparency in the ballot. The first event was held on November 30, 2019, to allocate plot numbers against 9,712 plot files, whereas the third ballot of the series is scheduled for April.
The LDA City project inventories are being exclusively marketed by Zameen.com. Following its clearance by the National Accountability Bureau (NAB), the demand for the project files has increased. To this effect, local realtors have stated that market prices of LDA City are poised for a hike in the foreseeable future and investors are likely to score some solid medium-term gains.
Previously, the LDA Governing Body had provided its approval to the collection of development charges from the scheme’s plot owners at the previously communicated discounted rates.