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Land Chosen for Phase II of Industrial Estate Without Acquisition

Gujrat: Two hundred acres of land have been selected for phase II of the Gujrat Industrial Estate, but the acquisition procedure has not yet begun.

Read More: Under-Invoicing in Pakistan’s Real Estate Sector 2022

According to government sources, the area, recognized by the department of land revenue, is located in three villages along the bank of the Upper Jhelum Canal: Saroki, Chak Qazian, and Sheikh Qureshian.

In the residential districts of Gujrat city, a huge number of producers of electric fans, ceramics, furniture, and its related merchants have been functioning, creating a great deal of inconvenience to the people and contaminating the environment.

On the recommendation of Federal Minister fThe government has granted Rs 1.3 billion for the development of a new industrial sector, according to Water Resources Minister Chaudhry Moonis Elahi. In addition, 400 million rupees have been given in the development budget for the current fiscal year, confirming the government’s commitment to the project.

Read More: Rudn Enclave Latest Offers | Real Estate Investment Offers

A 60-foot-wide road will be constructed in the region, while the 200-foot-wide major boulevard will be constructed.

At least 70 percent of the acquired area may be used for plots, while the remaining will be utilized for additional infrastructure development. The cash approved for the program will primarily be used for site acquisition, boundary wall building, and other essential activities; extra monies may be required for other infrastructure development.

Stay tuned to Al Sadat Marketing for updates!

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