Latest news with #PunjabCentralBusinessDistrictDevelopmentAuthority
Business Recorder
4 days ago
- Business
- Business Recorder
NSIT Residencia: CBD Punjab to auction residential plots in June
LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also known as the Central Business District Punjab (CBD Punjab), is all set to hold the auction of premium residential plots in NSIT Residencia this June. Building on the momentum of four previously successful auctions, this latest venture marks another bold step forward in the authority's mission to redefine urban living and development in Punjab. NSIT City is envisioned as a dynamic urban center comprising three districts IT, Education and Film districts, Located adjacent to DHA Phase 6 and 7, said a spokesperson of the Authority here on Friday. NSIT Residencia sits at the heart of this transformative zone, making it a strategic and future-ready investment opportunity offering unmatched accessibility to key locations within Lahore. Positioned as the next sought-after address in the provincial capital, NSIT Residencia combines luxury living with smart city infrastructure, providing investors with an exceptional opportunity. CBD Punjab is offering four premium plots of up to four kanals each in this prime location. The reserve price has been set at PKR 95 million per kanal, with earnest money fixed at PKR 20 million. To ensure greater ease and accessibility for potential buyers, a flexible three-year payment plan has been introduced, making this an attractive prospect for both local and overseas investors. Applications for the auction must be submitted by June 16, 2025. Commenting about the upcoming auction, CEO CBD Punjab, Imran Amin, said: 'NSIT Residencia is a key part of our vision for a future-ready Punjab. By integrating IT, education and film districts within a single urban ecosystem, we are creating a city of opportunity. This auction is not just a real estate event it's an invitation to invest in the next chapter of Punjab's growth story.' The development of NSIT Residencia is expected to generate a positive ripple effect on the regional economy. From job creation and increased real estate value to improved infrastructure and sustainable urban planning, the auction will contribute significantly to Punjab's socio-economic advancement. Copyright Business Recorder, 2025
Business Recorder
21-05-2025
- Business
- Business Recorder
CBD, local govt join forces to identify strategic business hubs
LAHORE: The Punjab Central Business District Development Authority (PCBDDA) has joined hands with the local government and community development department Punjab, along with the Project Management Unit (PMU), to identify Central Business Districts (CBDs) across various districts of Punjab. The cooperation has been made on the directives of the Punjab Government, said Chief Operating Officer of CBD Punjab, Brigadier Mansoor Janjua (R). Lauding the collaboration, he said, 'This joint effort underscores our dedication to building a progressive and sustainable urban future for Punjab. By partnering with the Local Government and PMU, we are working to identify and develop strategic locations that will act as catalysts for regional economic growth. Our focus remains on ensuring that every new CBD is planned with precision, promotes inclusive development, and meets the dynamic needs of our communities.' This forward-looking collaboration aligns CBD Punjab's future expansion with the province's long-term urban development and land-use planning goals. The CBD Punjab contributes its technical expertise to support the identification of suitable sites for CBDs that meet strategic and economic objectives. The joint efforts between CBD Punjab, the local government and PMU streamline the urban planning process across the province, ensuring business districts are developed in line with established provincial policies and planning frameworks. Utilizing data-driven insights and coordinated planning, the collaboration sets the foundation for sustainable urban growth, economic progress and the development of modern business hubs. As part of the collaboration, the CBD Punjab provides expert recommendations and spatial assessments to guide site selection and assess development potential. These activities are conducted in accordance with the PCBDDA Act 2021 and are aligned with the broader planning standards of the province to ensure compliance and effectiveness. This alliance also enhances transparency, promotes inter-agency coordination and encourages efficient resource sharing. It supports the government of Punjab's vision of creating modern, well-organized and economically vibrant urban centers that foster investment, infrastructure advancement and job creation. By working in unison, the CBD Punjab and its government partners are laying the groundwork for a transformative urban future one that unlocks opportunities and redefines the economic and spatial development landscape across Punjab. Copyright Business Recorder, 2025
Business Recorder
02-05-2025
- Business
- Business Recorder
CBD Punjab launches special video to honour labour workforce
LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also known as CBD Punjab, launched a special video on Labour Day. This initiative is a tribute to the dedicated individuals who drive the authority's visionary projects. At CBD Punjab, progress thrives on collaboration. The Authority 's dedicated staff works closely with a local labour force to successfully execute complex and transformative infrastructure projects. This collective effort has enabled CBD Punjab to overcome longstanding civic challenges. Key achievements include the revitalization of Walton Road and the permanent resolution of the ADA Nallah issue once symbols of urban decay, now symbols of urban renewal. CEO CBD Punjab, Imran Amin, emphasized, 'Our infrastructure isn't merely steel and concrete it embodies the determination, unity and hard work of those who bring it to life. Thanks to the unwavering commitment of our team and local labourers, hum hain Sar Buland. Their tireless efforts continue to shape a progressive future for Punjab.' The video, unveiled today, serves as a visual tribute to those who work with dignity, discipline, and pride. It will be accessible on CBD Punjab's digital platforms. Copyright Business Recorder, 2025
Express Tribune
28-04-2025
- Business
- Express Tribune
CBD opens Rs12b tenders for IT City
The Punjab Central Business District Development Authority (PCBDDA), commonly known as CBD Punjab, has opened tenders worth Rs12 billion for the development of the Nawaz Sharif IT City (NSITC) - a landmark infrastructure initiative aimed at accelerating Punjab's digital economy. To fast-track the construction process, the project has been divided into three packages. Following the earlier evaluation of technical bids, the PCBDDA on Monday opened the financial proposals for all segments. Maaksons Construction Company submitted the lowest bid of Rs4 billion for Package One. Habib Construction Services offered the lowest bid of Rs3.6 billion for Package II, while Package Three saw a joint lowest bid of Rs3.9 billion from Habib Construction Services and IKAN Engineering Services. The authority has now started the financial evaluation process, after which contracts will be formally awarded to the successful bidders. Punjab Chief Minister Maryam Nawaz has described the NSITC as Pakistan's first project of its kind. She stated that the twin towers planned within the IT City, along with a "plug and play" call centre hub, are expected to be completed within the year. The hub is designed to offer IT education and employment opportunities to young people across the province.
Business Recorder
23-04-2025
- Business
- Business Recorder
Energy-generating smart road opened
LAHORE: In a groundbreaking development, the city of Lahore has become home to the country's first energy-generating smart road. The innovative project, dubbed Route 47, is a 4.5-kilometer stretch that connects several major thoroughfares, including Ferozepur Road, Gulberg Main Boulevard, Walton Road, and Lahore Ring Road. The road boasts cutting-edge features, including separate lanes for pedestrians and cyclists, and a one-kilometre-long flyover. Solar panels installed on the footpaths along Route 47 will generate up to 1 megawatt of electricity while providing shade. The road's design ensures that it remains flood-free during rainfall, minimizing disruptions to traffic. According to details, the project cost approximately PKR 9 billion (USD 32 million). The Punjab Central Business District Development Authority (CBD Punjab) has executed the project. Copyright Business Recorder, 2025
