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(From Business Times (Malaysia))
Byline: Sharen Kaur
BANDAR Raya Developments Bhd (BRDB) plans to launch the first phase of its RM467 million township in south-east Lahore, Pakistan, by November this year.
BRDB's interest in the Pakistani project is via its 70 per cent unit, Bandar Raya Developments (Pakistan) Ltd (BRDL).
BRDL had entered into a 50:50 joint venture agreement with the Pakistani Government's property arm, the Lahore Defence Housing Authority (DHA), to help develop the 131.6 hectare township.
"Our JV in Pakistan is moving ahead, despite some earlier challenges in dealing with the local authorities," said BRDB's chief …