Lahore: The Central Business District Punjab (CBD Punjab) has completed its fastest land transfer ever, finalizing a deal worth PKR 6.9 billion for plots Lahore Prime 4 & 5, as reported on July 4. This remarkable achievement marks a significant milestone in the history of land transfers in Punjab.
The information indicates that the taxes associated with this sale were more than PKR 310 million, making it the biggest plot transfer at bidding price in Punjab’s history. The transfer involves a 23-kanal plot owned by the Pakistan Corporate Consortium REIT fund (PCC), representing a significant milestone for both CBD Punjab and the Pakistan Corporate Consortium. This transaction is the first plot that CBD Punjab has transferred to PCC, with the Board of Revenue (BOR) recording its largest transfer fee for the year 2023-2024.
Within 24 hours of receiving complete payment, investors received land transfers from CBD Punjab, demonstrating the company’s commitment to investor convenience. This expeditious procedure highlights their dedication to establishing a streamlined, investor-friendly atmosphere by providing a one-stop shop. The speed and efficiency of this transfer set a new benchmark for the industry, showcasing CBD Punjab’s capability to facilitate large-scale transactions swiftly and effectively.
The completion of this transfer highlights 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 premier destination for investors seeking lucrative opportunities in the real estate sector. This initiative is part of a broader effort to enhance investor confidence and promote sustainable development within the province.
Two combined plots in the Lahore Prime CBD Punjab Quaid District were transferred to PCC by CBD Punjab following the full payment. PCC secured these plots in a competitive auction, reflecting the high demand and competitive nature of the real estate market in this prime district. The swift transfer of these plots further demonstrates CBD Punjab’s commitment to maintaining a transparent and investor-friendly business environment.
The record-breaking transfer not only signifies a triumph for CBD Punjab but also underscores 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 set to play a pivotal role in shaping the economic landscape of Punjab.
