SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Ludhiana

Ludhiana Improvement Trust to re-auction vacant property on Rani Jhansi Road

PNT Reporter

09 Jun 2023

The Ludhiana Improvement Trust (LIT) in Ludhiana, India, has decided to re-auction a property on Rani Jhansi Road after facing difficulties in finding tenants for the renovated multi-story structure. The building, which features various commercial units, has remained vacant and deteriorated over time. LIT's initial plans to attract banks or a multiplex for consistent rental income have shifted towards auctioning the property. Previous proposals to establish a jewellers' market, an income tax office, and relocate the Powercom office were considered but not implemented. By re-auctioning the property, LIT aims to find a suitable buyer or tenant who can revitalize the building and contribute to the area's development.Read more

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Ludhiana introduces QR code based UID system for efficient property mapping

PNT Reporter

01 Jun 2023

Ludhiana is implementing a smart QR code-based Unique Identity Number (UID) system to update the city's property mapping. With rapid growth and changes in the city, the previous mapping has become outdated. A private firm has begun the mapping process and will install UID plates in various blocks. The firm is utilizing survey teams and developing a mobile application to monitor the mapping and installation progress. The project aims to accurately map properties and assign UID numbers, with a target completion time of six months for approximately 5 lakh properties in the city.Read more

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Atal Apartments project in Ludhiana awaits approval for revised cost

PNT Reporter

29 May 2023

The Atal Apartments project in Ludhiana has been postponed for about 15 years, but the authorities are currently awaiting the MC chief engineer's clearance for the revision of the total cost. The increased estimate is anticipated to be around Rs 225 crore and is owing to an increase in building costs. However, many who have received letters of allotment for the units are worried about the project being finished in the three years that were promised. Modern conveniences like a swimming pool, gym, parks, and a clubhouse have now been included in the project.Read more

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30,000 property tax defaulters in Ludhiana to get notices

PNT Reporter

01 May 2023

Synopsis: Ludhiana property owners will now get notifications from civic officials to pay their outstanding debts. In a few localities, officials have already begun to serve notices. They will strive to recover outstanding amounts from defaulters in the next two months Over 3.55 lakh tax returns were filed last year. Those who have not paid their taxes will be subject to a 20 percent penalty and 18 percent yearly interest charge.Read more

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Ludhiana properties set for smart UID tags after two-year wait

PNT Reporter

24 Apr 2023

The Ludhiana municipal corporation is set to install unique identity number (UID) plates with QR codes on properties across the city, following a two-year delay. The UID tags will allow officials to quickly verify property details, ownership, and tax payment status by scanning the QR codes. The project, funded under the Smart City Mission, aims to improve administrative efficiency, transparency, and accountability in property transactions, ultimately benefiting property owners, potential buyers, tenants, and municipal authorities.Read more

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The Ludhiana Municipal Corporation received 77,555 online returns for the fiscal year 2021–2022

PNT Reporter

19 Apr 2023

The use of digital platforms for property tax payments has resulted in a 24% increase in returns filed in Ludhiana. In the financial year 2021-2022, the city's municipal corporation received 77,555 online returns out of a total of 2.7 lakh property tax returns. This number increased to 1.02 lakh online returns and 3.55 lakh total returns in 2022-2023, resulting in a collection of Rs 31.41 crore. While officials are pleased with the progress, they acknowledge that there is still more scope for digital payments and are continuing their efforts to encourage taxpayers to pay digitally.Read more

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Ludhiana's property photos on tax receipts draw mixed reactions

PNT Reporter

18 Apr 2023

The Ludhiana Municipal Corporation (MC) now requires property photos on tax receipts to improve assessment accuracy. While the MC believes this will help prevent wrong assessments, such as paying residential tax for commercial properties, residents have raised concerns about the increased hassle and potential errors. The new system aims to improve efficiency and resolve disputes between taxpayers and the MC, but its long-term success remains to be seen.Read more

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Ludhiana civic body struggles to recover rent, to start sealing drive

PNT Reporter

17 Apr 2023

The civic officials of Ludhiana are currently celebrating their record-breaking property tax collection for the year, but they have overlooked the issue of recovering pending rent from tenants of their properties. To tackle this issue, officials are planning to seal the properties of people who fail to clear their dues and have asked concerned officials to submit records so that notices can be distributed. The pending dues to be recovered from tenants’ totals to Rs 12 crore.Read more

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LMC officials warn residents about scamsters posing as BSUP scheme officials

PNT Reporter

13 Apr 2023

The officials of Ludhiana municipal corporation have issued a warning to the public about fraudulent activities related to the Basic Services for Urban Poor (BSUP) scheme, following numerous complaints of fake allotment of flats. The officials clarified that no staff members of the municipal corporation visit homes to offer flats to residents, as these flats were constructed specifically for the rehabilitation of slum dwellers. They urged residents to be cautious and not to engage with any illegal deals, and to report any such activities to the authorities.Read more

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