LAHORE: Lahore Central Business District Development Authority (LCBDDA) also known as Central Business District Punjab (CBD Punjab) gets approval of 750-feet height for Lahore Prime from the Civil Aviation Authority (CAA).
In a press statement issued here on Monday, Punjab’s approval of the iconic height was described as a milestone and history-making achievement. In September 2021, Lahore Prime was auctioned off five of its twelve mixed plots; the approval for the height of 500 feet was given to five of those plots.
Pakistan Air Force (PAF) supported the Pakistan Aeronautical Authority (CAA) in conducting an advanced aeronautical study. For the practical implementation of skyscrapers in CBD Punjab, all the possibilities and constraints were examined and evaluated in this study. With the 750 ft construction height, the CAA has ensured the safety protocols for flight operations.
Ali Moazzam Syed, Chief Executive Officer of PIEDMC, chaired the meeting that approved the project. Nine of these companies are located in Quaid-e-Azam Business Park, three are located in Vehari, and three are located in Bhalwal Industrial Estate. As a result of the approval, almost an Rs27 billion collective investment will be made and thousands of jobs will be created.
Offering 750 feet was an excellent way to access architectural marvels and iconic structures. With the extra height provision, the business community will benefit from the greater sellable area, construction advancements, and the provision of helipads.
Despite all the myths and fears surrounding economic instability, the strong approach of the Central Business District Punjab has cleaned up the image of Pakistan on the world economic map, the statement said. Companies acquire industrial plots in SEZs: Punjab Industrial Estates Development and Management Company (PIEDMC) granted special zone enterprise status to 16 companies on Monday.