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Punjab Property Auction: Nawanshahr Improvement Trust to Auction 30 Residential Plots, 19 Commercial SCO Sites - Details
The Ludhiana Improvement Trust (LIT) has announced a major e-auction of a freehold commercial complex located on Rani Jhansi Road near Ghumar Mandi in Ludhiana. The landmark property, spread across 7,634 square yards , is being offered as a single unit with a reserve price of ₹182 crore .
The commercial complex is situated in one of Ludhiana's busiest business districts and is designed as a five-storey building with double basement parking capable of accommodating around 250 cars . According to the Trust, the property presents an opportunity for corporate groups, retail developers, institutional investors, hospitality operators and commercial real estate firms seeking a premium business address in Punjab.
The auction will be conducted entirely through the Tender Wizard e-auction portal , with online registration already open.
| Event | Date | Time |
|---|---|---|
| Registration Starts | 26 June 2026 | 9:00 AM |
| Registration Closes | 16 July 2026 | 5:00 PM |
| Online Bidding Starts | 20 July 2026 | 9:00 AM |
| Online Bidding Ends | 22 July 2026 | 5:00 PM |
If a bid is placed during the final minutes of the auction, the bidding period will automatically be extended by 10 minutes , with further extensions continuing until no new bids are received.
NOTICE
The commercial complex has a total built-up area of approximately 2,06,036 square feet , distributed as follows:
| Floor | Built-up Area |
|---|---|
| Basement & Lower Basement | 53,000 sq ft |
| Ground Floor | 26,500 sq ft |
| First Floor | 26,500 sq ft |
| Second to Fourth Floors | 79,500 sq ft |
| Fifth Floor | 19,586 sq ft |
| Sixth Floor | 950 sq ft |
| Total Built-up Area | 2,06,036 sq ft |
The building includes double basement parking for nearly 250 vehicles , making it suitable for large-scale commercial operations.
The property enjoys a strategic location in central Ludhiana with excellent connectivity.
Major nearby landmarks include:
The reserve price for the commercial complex has been fixed at ₹182 crore .
Interested bidders must deposit an Earnest Money Deposit (EMD) of ₹9.10 crore , which is equivalent to 5% of the reserve price , before participating in the online auction.
The auction notification outlines the following payment schedule:
The Improvement Trust has clarified that the commercial complex is being auctioned after obtaining the required completion status in accordance with the Real Estate Regulatory Authority (RERA) guidelines .
The sale will also be governed by the provisions of the Punjab Management and Transfer of Municipal Properties Act, 2020 , along with the relevant Rules and subsequent amendments notified by the Punjab Government.
The entire commercial complex will be sold as one single freehold unit .
The Trust has also informed bidders that Shop No. 10 on the Ground Floor is currently under litigation , and any decision regarding its ownership will remain subject to the outcome of pending legal proceedings or court orders.
Interested bidders must:
Participants are required to pay:
Since this property carries a reserve price of ₹182 crore , the applicable H1 processing fee will be ₹7,000 plus GST .
For properties with a reserve price above ₹5 crore , every new bid must increase by a minimum of ₹1 lakh .
Prospective bidders must:
The Trust has advised bidders to complete registration well before the deadline, as no extension will be granted for delays caused by technical issues during the last hours of registration.
For auction-related queries:
Executive Officer
Harinder Singh Chahal
Phone: +91 98884-49696
Chairman
Tarsem Singh Bhinder
Phone: +91 98140-26330
For technical assistance related to the e-auction portal, bidders may also contact the Tender Wizard helpdesk using the contact numbers mentioned in the official notification.
With a reserve price of ₹182 crore , a 2.06 lakh sq ft built-up area , and a strategic location in the commercial heart of Ludhiana, this Ludhiana Improvement Trust e-auction 2026 is among the most significant commercial property offerings in Punjab. Investors, developers, retail chains and institutional buyers seeking a large-scale freehold commercial asset can participate by completing registration before 16 July 2026 , while online bidding will take place from 20 to 22 July 2026 .
Updated List of Applicants for HIG Flats of Atal Apartment Draw 2026
CLICK HERE TO SEE UPDATED LIST OF APPLICANTS FOR HIG FLATS OF ATAL APARTMENT DRAW 2026
CLICK HERE TO SEE UPDATED LIST OF APPLICANTS FOR MIG FLATS OF ATAL APARTMENT DRAW 2026
The Ludhiana Improvement Trust has officially launched its much-awaited housing project — Atal Apartments , offering multistorey HIG and MIG semi-finished flats under a Self Financing Scheme.
Located on Pakhowal Road near Karnail Singh Nagar, Ludhiana , the project aims to provide quality housing with modern amenities at competitive prices.
HIG Flats: ₹48.50 Lakh
MIG Flats: ₹37.90 Lakh
The project promotes the slogan — “Own a home, not a house.”
Scheme Opens: 15 February 2026
Scheme Closes: 14 March 2026
Applicant Data Upload: 21 March 2026
Objections/Corrections Deadline: 25 March 2026
Draw of Lots: 13 April 2026
Applicants are advised to complete registration within the deadline to participate in the draw process.
CLICK HERE FOR HIG AND MIG FLATS PUBLIC NOTICE
CLICK HERE FOR HIG FLATS SUCCESSFUL APPLICANTS LIST
CLICK HERE FOR MIG FLATS SUCCESSFUL APPLICANTS LIST
The project offers modern infrastructure and lifestyle amenities, including:
25% ground coverage and 75% open area
Earthquake-resistant structure
Separate green parks for HIG & MIG residents
Dedicated club with indoor swimming pool, gymnasium & multipurpose hall
Separate tower parking (Basement + Stilt + Open parking)
CCTV surveillance & video door phones
Big balconies in all rooms
Rainwater harvesting system
24-hour power backup for lifts
25% of sale price payable within 45 days from allotment
Remaining 75% payable in three equal instalments every 45 days
Interest applicable at 9.5% per annum on instalments
ICICI Bank
IDBI Bank
Home loan assistance will be available through the above banks.
Atal Apartments
Pakhowal Road, Near Karnail Singh Nagar, Ludhiana
Official Website: www.ludhianaimprovementtrust.org
The scheme has been launched under the leadership of Chairman Tarsem Singh Bhinder and Executive Officer Harinder Singh Chahal .
With limited units and high demand expected, interested buyers are encouraged to apply early to secure their opportunity in this premium residential development.
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