FINANCEANDTRADECENTER JoharTownLahorebuildings in the Finance and Trade Centre. Five basements are...
Transcript of FINANCEANDTRADECENTER JoharTownLahorebuildings in the Finance and Trade Centre. Five basements are...
FINANCE�AND�TRADE�CENTERJohar�Town�Lahore
LAHORE DEVELOPMENT AUTHORITY
Lahore Development Authority
Lahore Development Authority has established the first ever planned business hub of international standard,
Finance and Trade Centre, Lahore, over an area of 1123 kanals, near Expo Centre, Johar Town.
The site is close to Lahore Canal, Motorway, Southern Bypass, Rai-Wind Road, Multan Road and other major
intercity roads of the provincial metropolis for facilitating easy movement of business community from other
cities. Specialized facilities for carrying out different types of major businesses have been provided in the
area for making it a nucleus of commercial activities in the second largest city of Pakistan.
Besides construction of a superstore on 90 kanals and a five star hotel on 119 kanals, plots have also been
reserved for establishing corporate office and IT Tower, bank square on 69 kanals, a health club on 27
kanals, a hospital on 25 kanals, a mosque on five kanals, recreation area on 75 kanals, parking and mini golf
club on 32 kanals and a park and lake on 42 kanals. About 40 kanals have been reserved for multi-storey
apartments, eight kanals for the service area and 388 kanals for roads.
The Super Store Plot measuring 90 Kanlas and Five Star Hotel Site measuring 119 kanals already stand
successfully auctioned in this prestigious centre, the construction on which is already underway.
Lahore Development Authority has relaxed building bylaws for encouraging construction of high rise
buildings in the Finance and Trade Centre. Five basements are allowed on a plot measuring more than
four kanals at this centre, unlike the previous bylaws where four basements could be built. The
mandatory open side space on a plot measuring more than 20 kanals will be 15 feet compared to 20 feet
elsewhere. Height of high rise buildings has been allowed as per the limit fixed by the Civil Aviation Authority in
this area.
Finance and Trade CenterJohar Town Lahore
Location of Finance and Trade Center
FINANCE & TRADE CENTER
SHAUKAT KHANUM HOSPITAL
Satellite View of Finance and Trade Center
FINANCE & TRADE CENTER
EXPO
MAIN LINK TO RAIWIND ROAD AND SHOUKAT KHANUM HOSPITAL
MAIN BOULEVARD JOHAR TOWN
ABDUL HAQUE R
OAD
SOUTHERN BYPASS
UBD CANAL ROAD
Perspective viewFinance and Trade Center
Johar Town Lahore
Finance and Trade CenterJohar Town Lahore
Super Store
Bank Square
Hotel Site
Corporate Offices & IT Tower
Commercial
Health Club
Mosque
Hospital Site
Parking Area
Mini Golf/ Recreational Area
Lake & Park
Apartments
Service Area
Roads
90
69
119
101
111
27
5
25
32
75
42
40
4
388
01
02
03
04
05
06
07
08
09
10
11
12
13
14
PlotNo.
Uses Area in Kanals
Concept Plan
10K
4B
14K
4C
15K
4D
30K
4
ParkingPlaza(10K)4A
BANK SQUARE
Dimensions of Four Plots of Bank Square Area
PERSPECTIVE VIEW
BANK SQUARE
Land UsesFollowing land uses are permissible in Finance & Trade Center:
1. Shopping Malls
2. Departmental/ Super Stores/ Whole Sale Markets
3. Cash & Carry Stores
4. Corporate Offices for Banks/Companies, Office Blocks
5. Commercial Complex
6. Head/Regional/Zonal Offices of Banks and Financial Institutions
7. IT related Offices/Services
8. Public Buildings
9. Food Court
10. Mosque
11. Central Library
12. Five Star Hotel
13. Amusement Park
14. Central Park
15. Car Showrooms
16. Business Conference Centers
17 Commercial (retail shops, café, restaurants, fast food)
18. Parks and Soft Green Landscape
19. Parking Lots/ Plaza
20. Community Centers
Incentive Plan
In order to give incentive to the developers, a set of special building
regulations has been provided for Finance & Trade Center.
Purchaser will strictly follow the approved concept plan and further
sub-division may be allowed with the approval of the Authority.
New Building BylawsSpecially Approved for
Finance & Trade Center Only
NOTE: Apart from Special Regulations, all other provisions of Prevailing Building Regulations shall remain applicable.
Plot Size
Height
Building Line
Ground Floor Coverage
Rear
Both Side
Floor Area Ratio
Less than 25 Kanals 25-50 Kanals Above 50 Kanals
As per limit fixed by the Civil Aviation Authority
40 feet 40 feet 50 feet
60 % 60 % 60 %
15 feet 15 feet 15 feet
15 feet 15 feet 15 feet
1:8 1:10 1:12
Parking Requirement
For Hotels
1 Car Space for every 6 Rooms
1 Car Space for every 1000 sq. ft. of
Shopping Area
1 Car Space for every 1200 sq. ft. of
Office Area
Restaurant, Café & Banquet Hall 1 Car Space for every 700 sq. ft. of Floor Area
Bank Square, Commercial & Corporate Office, Super Store, Health Tower and all Other Uses
1 Car Space for every 1200 sq. ft. of
Floor Area
Apartments1 Car Space for every 1500 sq. ft. of
Floor Area
Mosque, Service Area As per Building Regulations
A maximum of five basements can be constructed for parking.
The Gross Floor Area shall not include the area of Mechanical Plant Room, Electrical
Sub-Station, Prayer Halls, Public Toilets, Stairs, Covered Parking and Circulation of Vehicles.
Main Terms and Conditions for Auction of Four Plots in Bank Square
Finance and Trade Centre
1. The parties/organizations interested to participate in the auction shall have to deposit earnest money in
advance (refundable) against the auction of plots in bank square in the form of Pay Order/Demand Draft
in favour of Director General, LDA at the booth of National Bank of Pakistan at the site of auction.
2. The highest bidder shall have to deposit the 1/3rd cost of the plot, inclusive of earnest money, at the time of
auction or within 7 days of auction. In case of failure of the successful bidder to deposit the 1/3rd amount
within 7 days of auction, the earnest money would stand forfeited in favour of LDA.
3. The Auction Committee would make best possible efforts to frame its recommendations in respect of a site
within 15 days of the auction. However, the highest bid would be subject to the approval of the Competent
Authority.
4. The balance 2/3rd of the cost of plot shall have to be deposited within 30 days of the approval of bid by the
Competent Authority (inclusive of holidays), though the extension of another 30 days in this period could be
allowed by the Competent Authority in case the successful bidder submits application for the same within 7
days of the lapse of first 30 days with justifiable reason for the delay.
5. In case the auction purchaser fails to deposit the balance payment within the stipulated time period, the site
shall be treated as cancelled and the deposited amount would stand forfeited in favour of LDA.
6. The auction purchaser shall have to take over the possession of the site within 15 days of the deposit of the
entire dues.
7. In case of failure of the auction purchaser to take over the possession of the site within the stipulated period,
the building period would be automatically reckoned on the expiry of 8 weeks from the issuance of letter
regarding acceptance of bid.
8. The auction purchaser will have to complete construction at the site within 3 years. However, in case of non
completion of construction within the stipulated period, the auction purchaser will have to submit a request to
the Competent Authority 90 days prior to the lapse of this period for extension in building period and the
Competent Authority would be competent to grant extension on payment of usual surcharge keeping in
consideration the special circumstance.
9. The cost of the site shall be recovered in light of its actual area and it would be transferable on payment of
transfer fee and applicable taxes in light of the laid down policy.
10. The auction purchaser would be bound to deposit all taxes applicable as per Government Policy.
11. The interested parties can depute their representative to participate in the auction on their behalf. However,
this fact should be brought on record, supported by relevant proofs/documents at the time of auction.
Main Terms and Conditions for Auction of Four Plots in Bank Square Finance and Trade Centre
Work In Progress- Hotel Site
Work In Progress- Super Store Site
Lahore Development Authority