Punjab minister presents the winning bidders of the Atal Apartments with their allotment letters

In Ludhiana, Punjab, Local Bodies Minister Dr. Inderbir Singh Nijjar handed over allotment letters to 487 successful applicants of the Atal Apartment Scheme by Ludhiana Improvement Trust. The scheme will construct 336 HIG and 240 MIG flats on 8.80-acre land in Shaheed Karnail Singh Nagar area of the city. The flats will be constructed in the next three years and then be given to self-financing mode and allottees within three months. The project aims to provide affordable housing to its residents.

According to sources, twelve-storeyed residential earthquake resistance towers will be built under the scheme, and the apartments will have modern facilities such as a swimming pool, gymnasium, green parks, clubhouse, CCTVs, 24-hour water supply, table-tennis rooms, multipurpose hall, double lifts with round the clock power backup, video-door phones in each flat, big balconies, fire hydrant system, rainwater harvesting system, small commercial centre, and separate five-story parking facility. Almost 75 percent of the area under the project would be kept vacant for environment-friendly practices.

The event was attended by MLAs Rajinderpal Kaur Chhina, Madan Lal Bagga, Ashok Parashar Pappi, Gurpreet Bassi Gogi, Chairman LIT Tarsem Singh Bhinder, Chairman Punjab State Cooperative Agricultural Development Bank Suresh Goyal, Chairman Sharanpal Singh Makkar, Ahbaab Singh Grewal, and others.

In addition to providing affordable housing to its residents, the government has been taking several steps to boost the real estate sector in Punjab. The state government recently introduced the Punjab Land Pooling Policy to boost industrial growth and attract investment to the state. The policy aims to bring in investments worth Rs 5,000 crore and create employment opportunities for over 100,000 people. Under the policy, landowners can voluntarily pool their land for development, and the government will develop the land and provide infrastructure such as roads, water supply, and electricity.

Furthermore, the government has also announced plans to develop a 100-acre global business park near the Chandigarh airport. The business park is expected to attract investment worth Rs 5,000 crore and create employment opportunities for over 50,000 people. The government has also launched the Invest Punjab initiative to promote the state as an attractive investment destination. The initiative aims to streamline the investment process and provide a single-window clearance system to investors.

The real estate sector in Punjab has been witnessing significant growth in recent years, with several new projects being launched in major cities such as Ludhiana, Chandigarh, and Amritsar. The government's initiatives to boost the sector are expected to further accelerate this growth and provide a much-needed boost to the state's economy.

Next (Puravankara's sales bookings increased by 29% to a record Rs 3,107 crore in FY 22-23)

Punjab minister presents the winning bidders of the Atal Apartments with their allotment letters

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