FICO urges Punjab government to reopen property registries within Ludhiana Municipal Corporation limits, frustrated by mandatory NOCs from GLADA, Improvement Trust, and MC that delay transactions. They propose collecting development charges at building map approval to cut red tape, prevent harassment, and boost ease of doing business for residents and industries.
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 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.