The recent announcement made by the Lahore Ring Road Authority (LRRA)’s land acquisition collector about the Lahore Ring Road (LRR) route cutting through Bahria Town has spurred confusion amongst investors and homeowners.
Well, we have some timely updates to share with you.
The collector returned to Bahria Town on Friday and reiterated that the development of the LRR would continue as planned. During the meeting, someone mentioned that Bahria Town had taken stay against the move, but the collector said he did not receive any written notice regarding this.
The collector emphasised that the proposed LRR plan will do minimum damage to the housing societies along the route. He added that out of 100 kilometres, 47 kilometres of the LRR have been completed so far.
‘United we stand’
In response to this, investors and homeowners set up a committee to stand united against all odds. The committee met the Bahria Town management today to get the developer’s view on the issue and demanded the management give a written guarantee of proper compensation.
The management failed to provide written surety in this regard and asked for some time, specifically two weeks, claiming that Malik Riaz is not in the country at the moment.
Amjad Bhatti, a Bahria Town official, told the committee that affectees will be given a plot for a plot and a house for a house forfeited, but the committee was not pacified without written confirmation and now wants to meet Malik Riaz. The group will submit an application tomorrow to let the management know of its demands.
I have also learned that there is no sale-purchase activity in the locality and investors are really worried about their respective stakes. Now that affectees have bucked up against the odds, their unity may push Bahria Town to make some solid moves. Otherwise, Bahria Town will lose its trust and people will hesitate to invest in the locality.