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LDA to lease unsold halls to single agency for 30 yrs
Hindustan Times Lucknow
|June 16, 2025
After over two decades of unsuccessful attempts to attract buyers through e-auctions, the Lucknow Development Authority (LDA) has approved a plan to lease out 20 unsold halls and one kiosk in the Annapoorna Commercial Complex (Kanpur Road scheme) to a single institution for 30 years.
LUCKNOW:
The decision, formalized through an official order issued by the vice-chairman on May 3, aims to revive the neglected complex, reduce the financial burden on the authority, and improve upkeep through sustained commercial activity, an official said.
LDA vice-chairman Prathamesh Kumar confirmed the development, saying the proposal has been prepared. Another LDA official said that the request for proposal (RFP) has been floated.
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