JOHAR TOWN | Expo Center, Finance and Trade Centre (FTC) | 400 + 1100 Kanal

28214 Views 81 Replies 23 Participants Last post by RANA AAA, 6 mo ago

WaqasQ

Discussion Starter · Jan 1, 2018 (Edited)

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.

LDA has plans to link the FTC to LRR southern loop through a 16.6 Km 10 lane road running parallel to Canal Road. And to construct a 4.8Km Structure road leading to Khayaban-e-Jinnah.

Current Status
For the year 2016-17, LDA earmarked Rs. 390 mn for provision of water supply, sewrage system and improvement of road network in FTC. Currently they are working on adding a 4 lane road along the east edge of FTC.

Site Plan

Known Projects
Expo Center Lahore | Completed
Site: Expo Site, 400 Kanal
Includes:
Expo Center
Envisioned Expo Tower
Envisioned Expo Hotel

Emporium Mall | Completed
Owner: Nishat Group
Site: Hotel Site, 118 Kanal, Completed in 2016 for $240mn
Project Thread

FEB Mall & Tower | Planning
Owner: Federal Employees Benevolent & Group Insurance Funds
Site: Super Store Site, 90 Kanal
Includes: Shopping Mall and Commercial/Office Tower

Orient Group Project | Planning
Owner: Orient Group
Site: Multiple Plots in Commercial Block
Includes:
30 Storey Mövenpick Hotel Building
Mall and Entertainment Center
Residential Tower
Office Tower
Hospital Building

LDA Tower (IT Tower) | Envisioned
Owner: LDA
Site: LDA Tower Site, Corporate Block

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RANA AAA

· #61 · Dec 29, 2019

so no project starting for now

WaqasQ

Discussion Starter · #62 · Dec 29, 2019

They were planning an office building and a mall there and had hired a consultant and made some hires back in 2016 but nothing materialized. Probably the feasibility didn't come out right as Emporium is right next door and office space is really cheap (you can rent out a house as an office, my friend has a 1400 sqft. space in a residential building for just 55k) in that area so there isn't much demand for upscale offices there.

They seem to be focusing on BF Tower for now (FEB & GIF).

I don't see any demand for rented offices in FTC until the infrastructure is fully completed and landscaped. Then we'll see some cheaper office buildings on some of the smaller plots and only then we'll see some bigger projects.

What would work there is an IT building like Arfa Kareem Tower. LDA has a plot allocated for that purpose right behind Emporium but nothing seems to be on the cards yet.

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RANA AAA

· #63 · Jan 14, 2020

‏لاہورڈویلپمنٹ اتھارٹی کےکمرشل و رہائشی اورتعلیمی مقاصد کیلئے مختص پلاٹوں کانیلام عام 20 جنوری 2020ء کو ہوگا۔
روزنامہ جنگ
5 جنوری 2020ء

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WaqasQ

Discussion Starter · #64 · Jan 15, 2020

Plot #10 was originally designated for a parking plaza.

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Ahmad Hanbal

· #65 · Jan 15, 2020

WaqasQ said:
Plot #10 was originally designated for a parking plaza.

Dont see 5G as corner(but mentioned in classified). Am i looking at the right map(following)?

https://www.realproperty.pk/map/johar-town-phase-2-lahore-map-6.html

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RANA AAA

· #66 · Jan 16, 2020

WaqasQ said:
Plot #10 was originally designated for a parking plaza.

:hmm:

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RANA AAA

· #67 · Feb 12, 2020

some kind of work started or maybe just building walls in plots infront of emporium

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RANA AAA

· #68 · Feb 12, 2020

talking abt the plots in yellow n orange sqaure :hmm:

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WaqasQ

Discussion Starter · #69 · Jul 6, 2020

Central Roundabout proposal
IMO very unimaginative, and thos statues look weird.

Reactions: 2

Iron Clad

· #70 · Jul 6, 2020

WaqasQ said:
Central Roundabout proposal
IMO very unimaginative, and thos statues look weird.

1. Didn't even realise there was a bid going to to refurbish the round about. I hope this is just one of many proposals.

2. It would have been perfectly fine if they avoided to tacky, colorful ornaments and just planted more trees in their place. Would have at least been on par with Liberty Chowk.

3. We should really take a cew from earlier monuments and just build something along the lines of the Old Kalma Chowk or Girja Chowk. Heck, if they had just built a single, GOOD statue of Muhammad Ali Johar, it would have made sense given the location.

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pakboy

· #71 · Jul 7, 2020

WaqasQ said:
Central Roundabout proposal
IMO very unimaginative, and thos statues look weird.

Thats a roundabout with a migraine

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WaqasQ

Discussion Starter · #72 · Jul 22, 2020

Read it in the papers that 20 crore has been approved for landscaping and improvement of utilities for ftc

RANA AAA

· #73 · Oct 13, 2020

LDA Grand Auction In Finance And Trade Center

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RANA AAA

· #74 · Oct 13, 2020

LDA generates Rs3.93b by auction, lease

Lahore Development Authority (LDA) generated a sum of Rs3.93 billion by auction of proprietary as well as lease rights of its properties on Tuesday. Eleven commercial and two residential plots located in various housing schemes of the LDA were auctioned for a total of Rs330 million while another three precious commercial plots situated in the planned business hub of international standard, Finance and Trade Centre, Johar Town, were auctioned for a sum of Rs3.16 billion. Tenancy rights of various properties were auctioned for a total of Rs444.9 million. This included the rental rights of three marquee sites located in Johar Town which were auctioned against Rs85 million per annum.

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WaqasQ

Discussion Starter · #75 · Oct 19, 2020

The 4 series plots were initially targeted to banks. I wonder who the buyers are.

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WaqasQ

Discussion Starter · #76 · Jan 20, 2022

Highrises (120ft+) approved by LDA till May 2021

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Kamal Inaam

· #77 · Jan 20, 2022

A lot of high rise development happening in Lahore. It’s very important city now go vertical, looking forward to projects like CBD zone (Walton Airport).

LAQ

· #78 · Jan 20, 2022

WaqasQ said:
Highrises (120ft+) approved by LDA till May 2021

But none of them is built so far

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Kiwi231

· #79 · Feb 14, 2022

Redirect Notice

UzEE Inc

· #80 · Feb 14, 2022

Kiwi231 said:
Redirect Notice

From the article:

“In fact, the FTC was the only area in Lahore that was originally planned to boost commercial activities by allowing construction of high-rises to unlimited height subject to getting NOC from the Civil Aviation Authority and other departments concerned (if any). For this, the LDA was required to make some amendments to the building regulations. But, unfortunately, it was not done and it led to allowing others (like the Central Business District Authority) to make business-friendly regulations and allowing construction of skyscrapers having unlimited height in Gulberg,” an official source explained while talking to Dawn on Sunday.

Since when does CBD have unlimited height? As far as I'm aware, the height is restricted by FAR.

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