FINANCE AND TRADE CENTER Johar Town Lahore
LAHORE DEVELOPMENT AUTHORITY
Lahore Development Authority
Finance and Trade Center Johar Town Lahore
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.
Location of Finance and Trade Center
FINANCE & TRADE CENTER
SHAUKAT KHANUM HOSPITAL
Satellite View of Finance and Trade Center AD
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A DC
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A LH
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EXPO
FINANCE & TRADE CENTER
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RN
MA
BY
PA S
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MAIN LINK TO RAIWIND ROAD AND SHOUKAT KHANUM HOSPITAL
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Perspective view Finance and Trade Center Johar Town Lahore
Concept Plan
14K
10K
4C
4B
Parking Plaza (10K) 4A
BANK SQUARE
Finance and Trade Center Johar Town Lahore Plot No.
Uses
Area in Kanals
01
Super Store
90
02
Bank Square
69
03
Hotel Site
119
04
Corporate Offices & IT Tower
101
05
Commercial
111
06
Health Club
27
07
Mosque
5
08
Hospital Site
25
09
Parking Area
32
10
Mini Golf/ Recreational Area
75
11
Lake & Park
42
12
Apartments
40
13
Service Area
4
14
Roads
388
15K
30K
4D
4
Dimensions of Four Plots of Bank Square Area
BANK SQUARE
PERSPECTIVE VIEW
Land Uses Following land uses are permissible in Finance & Trade Center: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17 18. 19. 20.
Shopping Malls Departmental/ Super Stores/ Whole Sale Markets Cash & Carry Stores Corporate Offices for Banks/Companies, Office Blocks Commercial Complex Head/Regional/Zonal Offices of Banks and Financial Institutions IT related Offices/Services Public Buildings Food Court Mosque Central Library Five Star Hotel Amusement Park Central Park Car Showrooms Business Conference Centers Commercial (retail shops, café, restaurants, fast food) Parks and Soft Green Landscape Parking Lots/ Plaza 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 Bylaws Specially Approved for Finance & Trade Center Only Plot Size Height
Less than 25 Kanals
25-50 Kanals
Above 50 Kanals
As per limit fixed by the Civil Aviation Authority
Building Line
40 feet
40 feet
50 feet
Ground Floor Coverage
60 %
60 %
60 %
Rear
15 feet
15 feet
15 feet
Both Side
15 feet
15 feet
15 feet
1:8
1:10
1:12
Floor Area Ratio
NOTE: Apart from Special Regulations, all other provisions of Prevailing Building Regulations shall remain applicable.
Parking Requirement 1 Car Space for every 6 Rooms For Hotels
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
Apartments
1 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.
Main Terms and Conditions for Auction of Four Plots in Bank Square Finance and Trade Centre
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.
Work In Progress- Hotel Site
Work In Progress- Super Store Site
Lahore Development Authority
