Everything you need to know about LRR’s southern loop

Lahore Ring Road (LRR)’s southern route is set to change the city in many ways. Not only is it one of the biggest infrastructural developments, but it is also a key ingredient helping property prices shoot up. With this piece, I’m going to tell you all you need to know about the upcoming infrastructural development.
The LRR southern loop is set to connect central parts of the city with its southern peripheries. Development work has been underway at an impressive pace. According to Lahore Ring Road Authority (LRRA) Chairman Abdullah Khan Sumbal, about 34% work has been completed on the southern loop i.e. LRR’s SL-1 and SL-2.
According to my sources, the project is now in its advance stages. To ensure a fast-pace for the work being done, a private-public partnership contract was awarded to the Frontier Works Organisation (FWO). The FWO brought on other companies to work on different parts of the project simultaneously.
The LRRA estimates that the SL-3 route would be constructed to the tune of PKR 7.7 billion. The authority expects that the 8-kilometre long loop will be completed in nine months after the contract is awarded to a suitable company.
Property agents keeping an eye on the development of this project seem satisfied with the pace of the work. Some of them even believe that the road will be completed before the promised August 14 deadline. From what I can tell, these suspicions are correct.
Meanwhile, property rates in the societies that lie close to the interchanges of SL1 and SL2 continue to inch up. If you wish to benefit from this price rise, Springs Apartment Homes, Icon Valley, Sheranwala Heights, Lake City, Fazaia Housing Scheme, DHA Rahbar and Central Park should be on your hit list.
Authorities looking into LRR are moving forward fast, and will be awarding the contract for SL-3 soon. According to a news source, the LRRA is currently busy negotiating with different contractors to establish a private-public partnership mechanism for the construction of SL-3. The route is to connect Adda Plot with Multan Road.
The LRRA is currently busy acquiring land for SL-3. If your land falls within the spots being considered for construction then you should be worried. Someone from the authority will be reaching out to landowners soon. If someone has already contacted you then share the offer you have been made in the comments section below.
We already know that the 8-kilometre long SL-3 passes through Bahria Town, an issue that many property owners in the society have been worried about. However, even this development is expected to cause a price hike in Bahria Town for properties that do not lie in the SL-3 path.
It would be interesting to see how landowners are compensated for the land that is needed for SL-3. In Bahria Town, some people have been compensated but many others are still awaiting the resolution to their issues.


Comments

Post a Comment

Popular posts from this blog

PAEC Foundation Housing Project’s problems about to end?

Image
Located on Canal Bank Road in Lahore, PAEC Foundation Housing Project has been facing delays for many years now. The society’s management could not handover possession of property here, despite completing development work to a large extent. During 2013, there were many rumours that possession was on its way, but nothing happened. These rumours then resurfaced during 2016, but once again, no practical steps were taken to move towards possession. The real problem behind the delays was the supply of electricity. However, now there is light at the end of the tunnel. The Water and Power Development Authority (WAPDA) will finally supply electricity to the society, which means that possession will be granted here sooner rather than later. And what makes me believe that? WAPDA issued a demand notice to the society’s management for the supply of electricity, and the management has settled its accounts with the authority. According to a source, electricity wires have bee...
Read more

All you need to know about Royal Palm city, Gujranwala

Aujla Associated, the same people who have previously delivered University Town and Canal View Housing Scheme, is developing Royal Palm City. It is a trusted name that delivers what it promises, which makes this a must-have project for investors and homebuyers. Let’s talk location The project is located off Main GT Road, near Chan Da Qila, right opposite Citi Housing Gujranwala. At present, it has no direct link to the GT Road, but that will soon change. In order to connect the project with the GT Road, the construction of an underpass has been included in the project’s master plan. Once completed, this underpass will serve as the main entrance to the society. In addition, the famous Al-Karam Marriage Hall and a railway track are located right behind the project. In terms of size, Palm City’s management claims that society will span over 4,000-kanals of land, all of which has been required. According to my sources, the developer is acquiring more land, so Royal Palm City is s...
Read more

Why should you invest in Zarghoon Housing Scheme, Quetta?

Quetta, the prime most city that falls on China-Pakistan Economic Corridor (CPEC) leading to the western borders, is somewhat ignored in the entire concept of economic revolution we look forward to from the development of Gwadar. Not just that many investors fail to gauge the city’s importance, a big number of the local folks are also seen buying land in Gwadar. Looking at the rates of property in Quetta that could change soon. The announcement of DHA Quetta certainly will spice things up here, the real estate market nonetheless continues to serve genuine buyers. To throw light on one such project that currently interests genuine buyers, this exclusive piece on  Zarghoon Housing Scheme , which a project of Quetta Development Authority. A pretty fine location Zarghoon Housing Society is located near Hanna Bypass in Nawakili. It has a network of extensive road network spread around it. Many established housing societies including Jinnah Town, Ashiana Housing Scheme, Al Rehm...
Read more