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

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

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.

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.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?