PCBDDA sets record with swift transfer of LHR prime plots to PCC

Lahore: The Central Business District Punjab (CBD Punjab) has achieved its fastest land transfer ever, closing a deal worth PKR 6.9 billion for plots Lahore Prime 4 & 5, as reported on July 4. This landmark transaction sets a new record in Punjab’s history of land transfers.

The transfer involved a 23-kanal plot owned by the Pakistan Corporate Consortium REIT fund (PCC) and resulted in over PKR 310 million in taxes, making it the largest plot transfer at auction price in the province’s history. This deal represents the first plot transferred by CBD Punjab to PCC, with the Board of Revenue (BOR) recording its highest transfer fee for the fiscal year 2023-2024.

Investors received their land transfers within 24 hours of complete payment, underscoring CBD Punjab’s dedication to investor convenience and efficiency. This swift process highlights their commitment to creating a streamlined, investor-friendly environment and sets a new standard for the industry.

This transfer underscores CBD Punjab’s strategic role in driving economic growth and attracting significant investments to the region. By ensuring a seamless and expedited transfer process, CBD Punjab is positioning itself as a top destination for investors seeking prime real estate opportunities.

Two combined plots in the Lahore Prime CBD Punjab Quaid District were transferred to PCC following a competitive auction, reflecting the high demand and competitive nature of the real estate market in this key district. The efficiency of this transfer demonstrates CBD Punjab’s commitment to maintaining a transparent and investor-friendly business environment.

The record-setting transfer not only marks a significant achievement for CBD Punjab but also highlights the potential for future growth and development in the region. As CBD Punjab continues to facilitate large-scale investments and efficient land transfers, it is poised to play a crucial role in shaping Punjab’s economic landscape.