10 billion rupees would be 100 million dollars. That's a fairly realistic amount for a skyscraper but I wish they'd built it either in Gulberg or in that Johar Town Commercial Area.Lahore: The Lahore Development Authority (LDA)’s governing body has approved the construction of a multi-storey LDA Tower Complex costing PKR 10 billion, according to a news source. This multi-storey tower is going to be constructed at the vacant site of the old fruit and vegetable market on Ferozepur Road, at Kot Lakhpat.
Details of this, along with various other projects around the city were discussed at a meeting chaired by Punjab Chief Minister’s Advisor and the LDA Governing Body member, and attended by various government and LDA dignitaries. The city builder has approved the hiring of a consultant to initiate planning for the construction of the proposed complex.
Apart from this, LDA has also decided to repair and upgrade pedestrian bridges at Jail Road and Mall Road. These were constructed a few years ago in front of Lahore College for Women University, Kinnaird College, and Panorama Centre along Mall Road, and would now be repaired at a cost of PKR 41.57 million. The same governing body carrying out the repairs is also concerned with transforming Abdul Haque Road into a signal-free corridor from the UBD Canal to Southern Bypass, coming at a cost of about PKR 375.873 million
It's still owned by Taavun (JV of Punjab Govt. and Abu Dhabi Group), given that Abu Dhabi group is pulling investment out of Pakistan, I expect Taavun to formally close down soon. Hopefully they will auction the land soon after.PS: What is the future plan for the site on ferozpur road opposite Gaddafi stadium?
This is an old pic, its a pile of rubble now. Earlier news said the site will be used for a convention center and an office tower, maybe that's still the plan. If its just a tower then this is really not the place to build it.
so this is the site where they are going to built tower :sly: