Omaxe Group pushes forward with RERA applications for two key Ludhiana developments: a 5-acre site at Ghumar Mandi Fountain Chowk won via RLDA bidding, and a sprawling 70+ acre township on South City Road. These moves highlight the firm's dedication to transparency and growth in Punjab's vibrant real estate scene, blending community focus with urban perks amid recent approvals for similar...
The Punjab government has officially delinked change of land use (CLU) permission from building plan approvals in Ludhiana. This move restores the previous system, enabling developers to secure bank loans and clearances earlier. CLU permissions now last two years, extendable once for another two years with a 20% fee under Section 83 of the PRTPD Act, 1995. Investors benefit from streamlined...
The Ludhiana Municipal Corporation warns that the 10% property tax rebate ends on September 30, 2025. Officials urge timely payments to avoid penalties, with online options available. Late payers face increasing fines starting October.
The new Ludhiana-Bathinda-Ajmer Expressway is revolutionizing Ludhiana's real estate market, driving 8-10% annual property appreciation in key areas and unlocking investment opportunities in commercial, residential, and industrial sectors amid improved connectivity.
The Punjab Cabinet has greenlit amendments to slash reserve prices on prime government properties in Ludhiana, totaling Rs 8,000 crore. These assets, like Power Department sites and key lands, didn't draw bidders before due to inflated rates, as noted by Finance Minister Harpal Cheema.
The Punjab government has instructed PSPCL to pinpoint unused land in Ludhiana, eyeing about 40 properties for sale or lease. This includes spots like Power Colony in Sarabha Nagar and land near the District Administrative Complex. The move falls under the Optimum Use of Vacant Government Lands scheme, aiming to boost state funds. Surveys continue to wrap up the list by mid-October, skipping any.
In a bold move, Municipal Commissioner Aaditya Dachalwal has initiated a crackdown on illegal colonies in Ludhiana's Shimlapuri, Jaspal Bangar, and Kanganwal areas. This includes demolitions, property sealing, and police action against developers, with strict orders to halt registrations and attach assets. Surprise inspections will continue to enforce compliance.
Ludhiana's Smart City Mission has deployed Rs 959.25 crore across key infrastructure projects, causing 15-25% property value spikes in West Assembly areas through airport development, railway upgrades, and 24/7 water supply.
Eldeco Group acquires land in Ludhiana, Greater Noida, and Sonepat for Rs 230 crore, planning to launch Rs 5,000 crore projects with HDFC Capital partnership.
Fractional ownership models enable retail investors to purchase shares in Ludhiana's high-value commercial properties with smaller capital commitments, democratizing access.
Ludhiana Municipal Corporation extends property tax settlement deadline multiple times, allowing defaulters to clear outstanding dues without penalties. Scheme has generated significant revenue.
Punjab's doubling of real estate development charges under new regulations dashes profit margins for builders and homebuyers in Ludhiana, Mohali, and Zirakpur amid urban expansion. Effective April 2025, the 50-120% increases impact residential, group housing, and commercial projects, escalating costs during real estate boom.
The Dubai Real Estate Expo at Hyatt Regency Ludhiana on August 1, 2025, connects Punjabi investors with premium UAE projects like DAMAC Hills and Lagoons, offering high returns through strategic international investments, developer networking, and tailored financial solutions.
Oswal Group's Vardhman Amrante acquired prime 7-acre land in Ludhiana's South City Canal Road for a mixed-use project integrating upscale commercial spaces, hospitality, entertainment, and retail hubs, aiming to redefine Punjab's urban landscape.
The Tribune recently hosted a two-day mega real estate expo in Ludhiana, featuring over 20 top developers and inaugurated by MP Sanjeev Arora, highlighting vibrant residential and commercial opportunities.
Omaxe introduces a 36-acre premium residential complex in Ludhiana, offering 3 & 4 BHK luxury apartments and independent villas with world-class amenities and smart infrastructure.
Punjab's plan to acquire 25,000 acres near Ludhiana for urban development sparks protests from farmers and political groups over agricultural loss risks and transparency concerns in environmental assessments.
Nexus Select Trust has approved the acquisition of MBD Neopolis mall and Radisson Blu Hotel in Ludhiana for ₹490 crore, set to complete within four months, expanding its retail portfolio in Punjab.
Real estate developers are aggressively acquiring land in India, particularly in major cities, driven by high housing demand. This trend is expected to continue in 2024, with Tier-1 and developing areas remaining hotspots.
Omaxe Ltd reports strong sales growth for the first half of the fiscal year, with a 26% increase in property sales. The firm attributes its success to higher average realization rates.
Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
Better Options Property (BOP) plans to launch realty boutiques called "BOP Studios" across Indian cities. These studios, modeled as walk-in property shops, target prime locations, recruit thousands of professionals, and aim for multiple projects in various cities.
NRIs are avoiding real estate investments in India due to the global economic downturn, significantly impacting the realty sector.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.