The Lahore Commissioner and Director General of Lahore Development Authority (LDA), Muhammad Ali Randhawa has instructed the LDA to develop an online bidding system for plots and commercial properties. This decision is part of the government’s efforts to attract more investors and promote economic growth, aligning with private sector standards and ease of doing business in Lahore.
Randhawa stressed the importance of providing special assistance to investors in obtaining necessary documentation for commercial properties, facilitating their investment process. The online bidding system will ensure transparency and accessibility for potential buyers, making the auctioning process more efficient and streamlined.
LDA has already made significant strides toward digitizing its operations, and the implementation of the online bidding system will further enhance the authority’s capabilities. This system will also enable investors to participate in auctions from the comfort of their homes, making it easier for them to invest in Lahore’s real estate sector.
The new system has expected to significantly improve the efficiency and transparency of the auctioning process, furthering the government’s goal of promoting a business-friendly environment in Lahore.