The Lahore Development Authority (LDA) has approved the commercialization of four major roads in Lahore, a move expected to significantly impact property values and business activity along these corridors.

The decision was taken during a governing body meeting chaired by LDA Vice Chairman Mian Marghoob Ahmed. During the meeting, LDA Director General Tahir Farooq briefed members on several agenda items and proposed amendments to LDA regulations aligned with recent housing sector reforms approved by the provincial cabinet.

Roads Approved for Commercialization

According to officials, the following roads have been approved for commercialization:

·      College Road: From Ghazi Chowk to UET Roundabout

·      Defense Road: From Bhobtian Chowk to Kahna

·      GT Road: From Quaid-i-Azam Interchange to BRB Canal

·      Barki Road: From Ring Road to BRB Canal

The commercialization of these major routes is expected to open new opportunities for businesses, increase commercial property demand, and boost investment in surrounding areas.

Roads Where Commercialization Was Postponed

The governing body decided to postpone the commercialization of:

·      Sabzazar Road from Liaquat Chowk to Multan Road

·      Samanabad LOS Road

Officials did not specify a new timeline but indicated the proposals may be reviewed again in future meetings.

Progress on Master Plan 2050

The meeting also discussed progress on the city’s long-term development roadmap. Members recommended conditional approval for the completion of Master Plan 2050 in accordance with court directives. In addition, authorities reviewed proposals related to the replanning of a sewage treatment plant site in LDA City.

Other Key Decisions

Several additional agenda items were approved during the session, including matters related to the Directorate of Sales and Allotment and the remodeling of the LDA Avenue One Civic Centre.

Officials also announced the launch of an Executive Transfer Service in LDA City, enabling residents to transfer plots through a streamlined process similar to other LDA housing schemes. The initiative aims to improve convenience for property owners and enhance service delivery.

Impact on Lahore’s Real Estate Market

Real estate experts believe the commercialization of these major roads will likely increase commercial activity and raise property demand in nearby sectors. Investors and developers often look toward such government decisions as indicators of future growth corridors in Lahore’s property market.