Tag: Ludhiana

CommercialLatest Stories

Ludhiana: LIT Cuts Reserve Price to ₹182 Crore for Auction

LUDHIANA: The Ludhiana Improvement Trust (LIT) has introduced a new e-auction for its prime multi-storey commercial building located on Rani Jhansi Road, reducing the reserve price by ₹15 crore to attract potential buyers after several unsuccessful attempts. The updated reserve price is ₹182 crore, down from the ₹197 crore set during the failed auction in May. The e-auction is already underway and will conclude on July 22, when officials will assess whether the price reduction has garnered interest from bidders. During the initial auction attempt in May, a rate fixation committee led by the deputy commissioner endorsed a reduction in…

CommercialLatest Stories

Four Illegal Commercial Structures Demolished in Ludhiana

Representative Image LUDHIANA: The building branch of the municipal corporation continued its crackdown on unauthorized structures by demolishing four illegal buildings under construction in Zone D on Friday. The enforcement action occurred simultaneously on Barewal Road, Apex Nagar, Model Town-Jawaddi Road, and near Phullanwal Chowk. This demolition drive was executed under the direct orders of Municipal Commissioner Ojasvi Alankar. According to civic officials, the owners had constructed these buildings in clear violation of building regulations. Despite receiving official notices and warnings to cease work, they continued with the illegal constructions, necessitating the municipal body to take demolition action. Post-demolition, officials…

InfrastructureLatest Stories

Two Illegal Colonies Razed in Ludhiana

LUDHIANA: As part of its ongoing campaign against unauthorized real estate developments, the building branch of the Ludhiana Municipal Corporation demolished two illegal colonies that were under construction in MC Zone B on Tuesday. The demolitions took place in Sukhdev Nagar and near Trikona Park, behind Onkar Vihar. Assistant Town Planner (ATP – Zone B) Nirwan remarked that the developers had continued their unauthorized construction despite multiple warnings from the municipal body, making the demolition necessary. In response to these actions, the ATP issued a public advisory encouraging residents to be cautious of fraudulent developers. He urged potential buyers to…

IndustryLatest Stories

No Bidders for Ludhiana’s ₹197-Crore Ghost Complex

File Photo LUDHIANA: A 77-unit neglected property attracted no bidders at auction, extending an 18-year failure streak for the Ludhiana Improvement Trust (LIT), which had hoped for a valuation of ₹197 crore. The government-backed developer must now reevaluate the reserve price, while the 2.22-acre Rani Jhansi Road site remains an unappealing structure after local officials dismissed internal warnings about its excessive reserve price negatively impacting the sale. Local developers had previously shunned it, even with a reduced valuation of ₹154 crore under a prior administration. This inaccessibility has hindered the LIT’s latest revenue generation efforts. The prime commercial building has…

IndustryLatest Stories

Ludhiana’s Property Plates Project Stalled for 12 Years

LUDHIANA: Efforts to modernize the city’s property tracking system have been stalled for a decade due to two unsuccessful attempts at installing unique identification plates across the area. The municipal corporation’s initiative, proposed in 2014, aimed to assign a permanent UID number and QR code to every residential and commercial property, enabling officials to instantly check for unpaid taxes, water bills, and sewage dues. After 12 years of planning and failed implementations, the project lacks a clear timeline for progress. Most recently, the effort under the Smart City Mission failed due to a conflict between the municipal body and its…

CommercialLatest Stories

Ludhiana Civic Body Plans to Sell Commercial Properties for Revenue

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…

IndustryLatest Stories

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…

Latest StoriesResidential

Over 140 Eligible for ₹50 Lakh Housing Repair Aid in Ward 72

LUDHIANA: The state government will allocate financial aid to 144 beneficiaries from economically weaker sections to refurbish their homes through the Rangla Punjab scheme. Each beneficiary, mainly from the Jawahar Nagar camp in Ward 72, will receive Rs 35,000 for roof repairs, amounting to a total expense of Rs 50.4 lakh. The proposal was recently sanctioned by the finance and contracts committee of the Ludhiana municipal corporation after officials assessed the poor conditions of the homes. Beyond the damaged roofs, inspectors also discovered several houses with broken floors and door frames. As part of the wider Rangla Punjab initiative, six…

Latest StoriesResidential

Ludhiana Trust Holds Lottery for 179 Atal Apartment Flats

LUDHIANA: On Tuesday, the Ludhiana Improvement Trust (LIT) conducted a draw for the final 179 flats under the Atal Apartment scheme, coinciding with the Baisakhi festival. Local bodies minister Sanjeev Arora was present at the event held at Nehru Sidhant Kendra, where LIT chairman Tarsem Bhinder assured successful allottees that they would receive possession of their flats by the end of this year. Bhinder reported that construction at the site in Karnail Singh Nagar on Pakhowal Road is progressing rapidly. He noted that the Trust has received 571 applications for 43 high-income group (HIG) flats and 963 applications for 136…

InfrastructureLatest Stories

Ludhiana Developers Demand Action on Illegal Colonies

LUDHIANA: Local real estate developers have called on district officials to take action against the rapid growth of illegal colonies, arguing that these unauthorized developments lead to financial losses for legitimate builders, reduce government revenue, cause long-term difficulties for residents, and promote unplanned urban expansion. Industry stakeholders point out that once illegal colonies are set up and residents move in, reversing the situation becomes extremely difficult. Actions such as demolition can result in homelessness for families, creating complex legal and social issues. Developers questioned the lack of proactive measures by authorities to prevent these projects before they begin, suggesting the…