Over 64,000 Property Owners in Ludhiana Avail OTS Benefit to Clear Dues

22 Dec 2023 CW Team

In a significant development, a robust response is witnessed as over 64,000 property owners in Ludhiana proactively utilise the One-Time Settlement (OTS) benefit to clear outstanding dues. This surge in participation underscores the effectiveness of the OTS scheme in addressing and resolving financial obligations within the Ludhiana real estate sector.

The high number of property owners opting for the OTS benefit highlights a positive trend toward resolving financial matters in a mutually beneficial manner. This initiative not only facilitates the clearance of dues but also signifies a collaborative approach between property owners and relevant authorities to streamline financial processes and promote financial discipline within the real estate domain.

As Ludhiana sees substantial engagement in the OTS scheme, it becomes a noteworthy case study for other regions considering similar initiatives to address outstanding financial obligations. The success of this program in Ludhiana serves as an example of how proactive measures can lead to widespread participation and contribute to the financial well-being of both property owners and the local real estate ecosystem.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..