Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Ludhiana

Municipal Corporation of Ludhiana seals 3 illegal shops in model town extension

The Municipal Corporation of Ludhiana (MCL) sealed three unauthorized shops in Model Town Extension (Block B) as part of its intensified crackdown on illegal constructions. Inspections in Raghunath Enclave found no violations, with the project adhering to urban planning norms. MCL Commissioner Aaditya Dachalwal warned of strict actions against non-compliant builders, aligning with similar enforcement drives in Chandigarh, Amritsar, and Delhi. With rapid urbanization, Punjab's municipal bodies are strengthening regulations, following Delhi Development Authority's (DDA) model of demolitions and fines to curb unauthorized construction and encroachments.Read more

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Ludhiana: LMC intensifies efforts to recover property taxes

The Ludhiana Municipal Corporation is intensifying efforts to meet its property tax collection goal before the fiscal year ends. The original INR 200 crore target was lowered to INR 154 crore, with INR 134 crore collected so far. Officials are contacting defaulters and warning of penalties doubling from 10% to 20% plus interest for non-payment. Despite these measures, many property owners remain reluctant, hoping for a one-time settlement. Mayor Inderjit Kaur has urged citizens to pay taxes to support civic services. The drive's success will shape next year's INR 160 crore tax target and municipal funding.Read more

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Ludhiana Housing: GLADA evicts illegal occupants from low-income flats in Sector 40, Ludhiana

The Greater Ludhiana Area Development Authority (GLADA) conducted an eviction drive in Sector 40, Chandigarh Road, removing illegal occupants from three low-income group flats. These flats were part of a court case over unauthorized occupancy. GLADA initially built 319 flats, of which 82 were illegally taken over. After previous evictions, only three units remained occupied, which were cleared by breaking locks and sealing the flats. This effort is part of GLADA's wider crackdown on illegal housing and encroachments. The authority continues to issue warnings and demolish unauthorized settlements, ensuring that government housing is used lawfully and benefits rightful beneficiaries.Read more

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Ludhiana Municipal Corporation seals parts of 6 hotels over illegal construction

The Ludhiana Municipal Corporation (MC) has sealed portions of six hotels, including Hotel Friends Regency, Hotel Nagpal Regency, and Hotel Onn, for building violations. This action follows a Punjab and Haryana High Court directive to curb illegal construction. Hotel owners now face legal consequences for deviating from approved building plans. Similar enforcement drives are underway in Amritsar, Jalandhar, and Chandigarh, targeting unauthorized structures. As Punjab cities expand, illegal construction remains a challenge. The Punjab government is considering simplified approval processes to balance urban growth with regulatory compliance and safety standards.Read more

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Nexus Select Trust sanctions purchase of MBD Neopolis in Ludhiana

Nexus Select Mall Management, as the trustee manager of Nexus Select Trust, has sanctioned the purchase of MBD Neopolis Mall in Ludhiana from AKM Enterprises at an enterprise value of INR 4,900 million. The deal was done through Select Infrastructure, a special purpose vehicle (SPV) of the trust. The asset covers a leasable area of about 255,666 sq ft and houses the Radisson Blu Hotel MBD on Ferozpur Road. Ludhiana's retail rental space is competitively priced, with prices usually falling in the range of INR 50 to INR 110 per sq ft per month, while ground floor inline spaces are fetching premiums between INR 160 and INR 280 per sq ft per month across categories. The acquisition is in line with Nexus Select Trust's strategic growth in India's increasing organised retail market.Read more

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Ludhiana: GLADA demolishes illegal colonies on Ludhiana's outskirts to curb unplanned development

The Greater Ludhiana Development Authority (GLADA) continued its crackdown on unapproved and haphazard development, demolishing three illegal colonies on the outskirts of the city, in Ladian Kalan and Hussainpura. The demolition, led by district town planner Sandeep, included the removal of boundary walls, roads, passages, and sewer manholes under construction. GLADA also warned the public against investing in such unapproved colonies, urging action against those misleading residents with promises of cheap plots in areas that fail to meet government standards. Past efforts by GLADA highlight the ongoing battle against illegal development in Ludhiana.Read more

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Ludhiana: Chief Information Commissioner orders action on illegal colonies in the region

Punjab State Chief Information Commissioner Inderpal Singh has directed authorities to conduct a survey of unauthorized colonies in Ludhiana, highlighting the state's failure to assess illegal settlements for seven years. The order follows a Right to Information (RTI) request where the Greater Ludhiana Area Development Authority (GLADA) failed to provide a clear list of unauthorized colonies, citing outdated 2018 data. The directive aims to prevent financial losses and improve urban planning. Residents express concerns over unchecked illegal developments, urging greater transparency and accountability from the government to regulate unauthorized colonies effectively.Read more

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Ludhiana MC revives UID plate project with drone mapping and World Bank funding

The Ludhiana Municipal Corporation (MC) is set to make its third attempt in eight years to implement its UID plate project, which aims to create a comprehensive database for all city properties. The project, which involves assigning unique identification numbers to properties for better tracking of dues and ownership, will be funded by the World Bank. Past attempts faced challenges, including low public response and disputes with contractors. The new phase will focus on mapping remaining properties using drones. If successful, the project could simplify property transactions, reduce fraud, and improve service efficiency.Read more

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Ludhiana Municipal Corporation urges timely property tax payments to avoid penalties

The Ludhiana Municipal Corporation (MC) has reminded residents to pay their 2024-25 property tax by December 31 to avoid a 10% penalty. Payments made before the deadline will incur no penalties, while delays beyond March 31 will attract a 20% penalty and 18% annual interest on outstanding amounts. To facilitate timely payments, Suvidha Kendras will remain open on December 28 and 29. The MC is also promoting digital payment options for convenience. Property tax revenues fund essential city services such as waste management, road maintenance, and community projects. Residents are encouraged to act promptly to contribute to Ludhiana's development.Read more

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Ludhiana races against time to complete Smart City Projects before March 2025 deadline

Ludhiana's civic authorities are racing to complete Smart City Mission projects before the March 2025 deadline, but key initiatives face delays. The INR 8.8 crore Nehru Rose Garden revamp, featuring landscaping, open gyms, and fancy lighting, remains in its tendering stage, with a mini zoo plan awaiting approval. Similarly, the construction of bridges on Sidhwan Canal (INR 11.96 crore) and Buddha Dariya (INR 2 crore) has been stalled due to failed tenders and procedural setbacks. With tight timelines and technical challenges, concerns grow over timely completion, leaving residents questioning whether Ludhiana can deliver on its Smart City promises to enhance connectivity and public spaces.Read more

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Hero Realty unveils its new sales gallery for Phase 2 of Hero Homes Ludhiana

Hero Realty, renowned for its innovative concepts, dedication to sustainability, and client-centric approach, celebrated Navratra by unveiling the new sales gallery for Phase 2 of Hero Homes Ludhiana. Channel partners and guests attended the event, which began with a traditional Havan Puja and continued with a brunch. The sales gallery provides a modern, immersive experience for potential homebuyers, showcasing the development's features through advanced technology. Phase 2 focuses on delivering smart, sustainable homes that cater to a balanced lifestyle. The Navratri celebration and the gallery's forward-thinking design reflect Hero Realty's commitment to building high-quality, innovative homes.Read more

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Sushma Group acquires 59-acre land parcel for mix-use project in Ludhiana

Sushma Group has acquired a 59-acre land parcel in Ludhiana for a mixed-use development, featuring residential, industrial, and commercial plots. This project aims to enhance Ludhiana's real estate landscape, leveraging the Ajmeri-Ludhiana Economic Corridor's improved connectivity. With features like medical facilities, green spaces, and infrastructure for fast airport connectivity, the initiative supports Ludhiana's economic growth. Prateek Mittal, Sushma Group's Executive Director, emphasized its role in transforming Ludhiana into a key hub for commercial and industrial activities, fostering sustainable development and elevating the city's economic landscape.Read more

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Sushma Group expands to Ludhiana with new housing projects

The Sushma Group, renowned for its successful projects across Punjab and Himachal Pradesh, is expanding into Ludhiana to meet rising demand for quality housing. The company aims to introduce modern, sustainable living spaces, reflecting the lifestyle aspirations of Ludhiana's diverse population. Prateek Mittal of Sushma Group expressed enthusiasm for the new venture, emphasizing their commitment to high-quality construction and thoughtful planning. The expansion aligns with Sushma Group's strategy to enhance market presence and contribute to regional growth. With a focus on eco-friendly practices and community-building, Sushma Group is poised to make a significant impact in Ludhiana's real estate market.Read more

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Ludhiana Consumer Commission rules against GLADA in residential plot dispute

The District Consumer Disputes the Redressal Commission in Ludhiana penalized the GLADA's chief administrator for failing to deliver a plot with a clear title and basic amenities to complainant Ms. Sushma Lata Bansal. Bansal was allotted a 95 square yard plot in the year 2019 and paid 25% of the cost. Despite this, GLADA did not provide essential services like water and roads and misled Bansal about the plot's legal status, which is sub judice. GLADA also ignored Bansal's requests for resolution and refund. The commission deemed GLADA's actions deceptive and its demand to deduct 10% of Bansal's deposit illegal.Read more

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Residents win green belt battle as NGT orders action against Ludhiana MC encroachments

The National Green Tribunal responded to Ludhiana residents' petition alleging municipal encroachment on green belts, ordering removal of constructions in Model Town Extension and Sarabha Nagar. The MC must comply under district magistrate supervision and submit reports within two months. A joint committee confirmed partial encroachments but no forest land encroachment. The NGT directed removal of identified encroachments, imposed environmental compensation, and emphasised adherence to city master plan provisions. The MC, awaiting the commissioner's return, plans further actions based on NGT directives amid scrutiny of green belt use and ongoing encroachments.Read more

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LIT ordered to pay INR 1 lakh for delaying flat possession for 14 years

The Ludhiana Improvement Trust (LIT) was ordered by the District Consumer Disputes Redressal Commission to pay INR 1 lakh in compensation to a complainant for failing to provide possession of a flat for 14 years. Despite multiple attempts by the complainant to acquire possession and reschedule installment payments, the LIT did not respond, leading to the complainant seeking legal intervention for possession, rescheduled payments, and compensation. This case underscores the importance of timely delivery and communication in real estate transactions to prevent consumer grievances and legal disputes.Read more

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NARCL offers to buy INR 988 crore debt for Essel Infraprojects' Ludhiana road project

NARCL has made a firm offer to acquire INR 988 crore of debt from lenders for Essel Infraprojects' road project in Ludhiana. NARCL's offer includes INR 270 crore for the debt, providing lenders with a recovery rate of 27%. The project involves constructing a 78-kilometer four-lane highway between Ludhiana and Talwandi Bhai, passing through Moga in Punjab. Lenders are also open to considering counter-offers from other asset reconstruction companies, as indicated in a notice from BoB Caps. The project has faced significant challenges, including changes in contractors and delays in obtaining necessary clearances from various authorities. These hurdles have delayed the completion of the project, which was initially aimed for a September 2014 finish.Read more

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Over 64,000 Ludhiana property owners benefit from One-Time Settlement scheme

In Ludhiana, over 64,000 property owners are benefiting from the one-time settlement (OTS) scheme, clearing tax dues without penalties or interest by depositing property tax by December 31. The municipal corporation (MC) encourages residents to seize this opportunity, generating an impressive Rs 6.42 crore revenue since the scheme's September launch. The MC Chief has directed officials to expedite recovery, emphasizing the crucial role of funds in city development. Online payment options, a 10% rebate on water-sewer charges, and efficient tax collection underline the MC's commitment to civic progress. The successful OTS scheme implementation reflects proactive government policies promoting tax compliance and financial responsibility.Read more

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Ludhiana Municipal Corporation demolishes unauthorized colonies in crackdown

In Ludhiana, the municipal corporation demolished two unauthorized colonies and labour quarters, aiming to curb illegal constructions under MC zone C. Despite prior actions, renewed construction prompted this recent crackdown. Officials stressed obtaining approved building plans before commencing construction and warned of strict penalties for illegal activities. The persistent challenge of unauthorized structures necessitates a multifaceted approach, including community awareness, stringent penalties, expedited approvals, and improved monitoring. Collaborative efforts between authorities and residents are vital to mitigate this issue and ensure planned urban development and citizen safety.Read more

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Ludhiana MC initiates outreach to settle property tax dues with government entities

The municipal administration in Ludhiana is intensifying efforts to optimize property tax revenue by targeting longstanding arrears from government entities. The Municipal Corporation (MC) is engaging with various departments, offering settlement opportunities without additional penalties. Notices have been dispatched to entities, including the police department, with an estimated sum of Rs 15 crore. The MC, aiming for Rs 130 crore in the current fiscal year, has already recovered over Rs 105 crore. Municipal Commissioner Sandeep Rishi emphasizes the duty of government entities to clear outstanding dues promptly. Persistent efforts include notices to the DC office, court complex, and other departments, reflecting a commitment to financial transparency and civic welfare.Read more

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