Ludhiana Trust Aims for ₹197 Crore in Auction of Abandoned Site
Here’s a rewritten version of the content: LUDHIANA: Officials are optimistic about the commercial real estate market as they seek a buyer for a dilapidated multi-storey building that has remained vacant for 18 years. The Ludhiana Improvement Trust (LIT) has set a reserve price of ₹197 crore for this 2.2-acre property located on Rani Jhansi Road, marking a renewed effort to sell this long-neglected landmark in the city’s commercial district. A previous attempt in 2022 under a different administration failed, even after lowering the price to ₹154 crore. LIT Chairman Tarsem Bhinder has indicated that the government has approved the…