LUDHIANA: The cash-strapped civic body is now considering selling its commercial properties across the city to raise funds. According to sources, officials are currently determining the property values to prepare for an upcoming auction. These commercial properties have been identified, and there is optimism about finding buyers.
“They have earmarked 65 shop-cum-offices for auction in Shaheed Bhagat Singh Nagar, situated opposite Keys Hotel. Some of these SCOs were previously auctioned, yielding significant revenue. Additionally, a commercial site of 268.44 square yards near Kailash Cinema Chowk, 10 shops in the Bearing Market near Jagraon Bridge, and a commercial property of 653 square yards in Jamalpur Awana have been selected. Another site of 314.16 square yards is planned for auction in Pratap Singh Wala at Hambran Road. The civic body has set a revenue target of Rs 50 crore from property sales in its annual budget for fiscal year 2026-27,” a source revealed.
A senior official, wishing to remain anonymous, noted that no auctions have been held in recent years. They are now comparing the rates proposed by the Ludhiana Improvement Trust and the Greater Ludhiana Area Development Authority. The aim is to set competitive rates based on other departmental auctions, maximizing revenue from the civic body’s commercial properties.
Land Parcel Lacks Adequate Access
Civic officials are working to clear the Jainpur site of legacy waste through bioremediation and had plans to sell this land. However, it is surrounded by other properties and lacks sufficient road access. The body is now attempting to amend the master plan. Nevertheless, officials assert that securing a wider road is unlikely, as adjacent land has already been sold and NOCs granted for some properties.
