LAHORE: The Lahore Development Authority (LDA)’s governing body approved a budget of Rs 88.613 billion for LDA and Traffic Engineering and Planning Agency (TEPA) for the fiscal year 2026-27 with a revenue target of Rs 47 billion.
LDA Vice Chairman Mian Marghub Ahmed chaired the LDA’s governing body meeting which was attended by Parliamentary Secretary for Housing Barrister Sultan Bajwa and WASA Vice Chairman Chaudhry Shahbaz. The members of the governing body, including members technical Akbar Sheikh and Abdul Hanan, along with representatives from the finance, housing, local government, and WASA departments, Commissioner’s Office, as well as senior LDA, TEPA, and Housing officials, participated in the meeting.
On this occasion, various agendas were approved during the meeting, including the budget for the LDA financial year 2026-27, while LDA DG Tahir Farooq provided a briefing on the various agendas discussed.
The governing body allocated Rs 10 billion, a loan received from the Punjab government, for structural road plans and Rs 6.3 billion for Annual Development Programme (ADP) schemes. Additionally, Rs 12.5 billion was allocated for development work in LDA City, Rs 13.5 billion for sustainable development and urban regeneration, and Rs 4 billion for LDA Avenue 1. A budget of Rs 3.5 billion was also approved for TEPA for the fiscal year 2026-27, along with amendments to the LDA Building and Zoning Regulations 2019. Revenue targets were set at Rs 17 billion for LDA Town Planning and Rs 19.2 billion for sales and allotment, which includes Rs 15 billion from LDA City.
The governing body also approved a pilot project to impose maintenance charges and improve sanitation and municipal services in LDA Avenue 1, Jubilee Town, and LDA Enclave. Maintenance charges will apply to residential and commercial properties measuring 3, 5, 7, and 10 Marlas, as well as one kanal. The LDA will provide services free of charge for the first two months in these areas.
Furthermore, the meeting approved the development and marketing of commercial plots on 118 kanals of land along Ferozepur Road near Arfa Karim Tower for a proposed LDA Tech Park, offering commercial plots of one kanal, 15 Marlas, and 8 Marlas. An allocation of Rs 100 million was also approved for initiatives aimed at making Lahore a child-friendly city in collaboration with UNICEF.
The governing body gave approval for the launching of a new Pine Sector in LDA City, which will include commercial plots of various sizes and one-kanal residential plots. A detailed briefing on the revenue-generation plan for LDA City was provided, and the meeting approved the installation of solar lights in various blocks of LDA City, along with other agenda items from the LDA sales and allotment directorate.
The participants commended the LDA DG and his team for their successful revenue generation in the previous financial year, noting that the LDA achieved a record revenue target of Rs 32 billion last year, the highest in its history.
Copyright Business Recorder, 2026
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