LIT to rebuild Atal Apartments with a twist

Category : Punjab News
Updated On : April 16, 2018 06:03 AM
By Indian Times Daily

Officials of the Ludhiana Improvement Trust (LIT) are planning to give a new lease of life to one of its much talked about projects — the Atal Apartments in Karnail Singh Nagar — but this time they will construct flats for the middle income group (MIG). The department had to drop this project last year, when it could not receive much response due to high rates of the luxury flats. Officials claimed they would send fresh designs for approval from the government to allow them to construct flats at affordable rates.

The project had been hanging fire since 2010-11, when the trust announced the construction of over 450 flats in 8.8 acres of land. The foundation stone for the project was laid in 2011 by the then local bodies minister Tikshan Sood. But the work did not start for long until LIT organized a draw for the allotment of flats in December 2016. The department allotted flats to 110 allottees, but since the cost of one luxury flat was Rs 65 lakh, 80 allottees deposited only a partial amount.

Moreover, when allottees did not deposit money in the bank, the bank authorities deducted Rs 3 crore from LIT’s account. Due to all this, LIT decided to drop the project in August 2017, and informed the remaining allottees about the project status. The department had almost fulfilled all formalities for the project, and they had also received an NOC from the Punjab Pollution Control Board (PPCB) in May last year.

 

Please enter valid email!

Show Please enter password!

Forgot your password?

Please enter name!

Please enter name!

Please enter valid email!

Show At least 6 characters

Lost your password? Please enter your email address. You will receive a link to create a new password.

Please enter valid email!

Back to log-in

Close