Punjab Land Development Company

Punjab Land Development Company is responsible to construct and maintain affordable housing schemes in Punjab, Pakistan. This company is fully owned by the Government of Punjab, Pakistan.[1]

Punjab Land Development Company
FounderShehbaz Sharif
Location
Region
Punjab, Pakistan
Websitewww.pldc.gop.pk

History

Lahore Development Authority proposed Public Private Partnership (PPP) model where a certain Government land parcel is divided in two halves. One half for 'Affordable Housing' and the other half for 'Commercial Housing Society'. 'Private Partner' builds the 'Affordable Housing' units at its own expense and gets the land allocated for Commercial Housing Society. Then the 'Private Partner' sells residential and commercial land plots at market rates within the Commercial Housing Society and makes handsome returns for its 'Private Patner' unit. This provides affordable housing units below market value to deserving citizens of Punjab, Pakistan without involving financial funding from the government.[2]

Top housing developers of Pakistan were invited at the Chief Minister Punjab's office and were given briefing on the innovative 'Public Private Partnership' mode.[3]

Management of public private partnership unit

Founder: Shehbaz Sharif, Chief Minister of Punjab, Pakistan
CEO: Mr. Moazzam Iqbal Sipra
Chief Engineer: Colonel (Retired) Arif Majeed Butt
General Manager: Mr. Imtiaz Ahmed Chaudhry

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gollark: https://en.m.wikipedia.org/wiki/McCollough_effect

References
  1. Profile of Punjab Land Development Company on gop.pk website, Retrieved 26 June 2017
  2. Bidding documents and procedures of Punjab Land Development Company, Retrieved 26 June 2017
  3. Explore plots of land and jobs at Punjab Land Development Company on pinterest.com website, Retrieved 26 June 2017



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