Lahore’s Billion-Dollar Housing Project Set to Take Off
A billion-dollar housing project, one of the largest in the country, is expected to take-off in a fortnight’s time at Raiwind Road Lahore with country’s half a dozen renowned industrial groups featuring as key investors.
The project, planned over thousands of kanals of land, has been dubbed a major breakthrough in Pakistan’s housing sector because experts from Western Europe will flank the developers of this mega venture.
Sources told The News Tuesday that a few high-profile political personalities from Punjab are also involved in the housing scheme, and have facilitated in removing red tape barriers…
With commencement of the Lahore Ring Road and steep hike in real-estate price during last few years, the investors are already gleeful that they have pocketed a good chunk of their initial investments without a brick being laid on the site.
The investors would not only churn money by selling exquisitely built European style villas, speculative trading on this site cannot be ruled.