Ludhiana Corporation approves projects worth Rs 100 cr

12 Sep 2022 CW Team

The same occurs at a time when the municipal corporation (MC) is struggling to make ends meet, including paying employee salaries. Following the same, there appears to be a lack of precise planning for financing these projects.

During the meeting, which lasted for more than four and a half hours, 277 resolutions were presented, according to the information. About 250 of these were approved by the committee led by mayor Balkar Sandhu, including initiatives funded by the National Clean Air Program (NCAP) and the Smart City Mission. The majority of the projects involved building new roads, installing tube wells, and installing sewer lines.

Due to the impending elections, council members have been putting increasing pressure on the mayor to approve projects for their respective wards.

However, Sandhu claimed that given the already established quota for each councillor, the projects had been approved. Prior to this, the finance committee established annual budgets of 10 million for inner wards and 15 million for outer wards.

鈥淭he projects which have to be taken up on priority basis have been approved like installation of tubewells. As the MC has been facing shortage of funds, the other projects have been approved considering the fixed quota of councillors. If the councillor had already got projects approved equal to his quota, then the additional projects have been kept pending for now,鈥� the mayor stated.

According to Sandhy, the state government's failure to release its portion of the goods and services tax (GST), which is close to 1 billion, has left the civic body with a funding shortage.

The MC has already gotten a loan for 1 billion to do development work, and if projects need to be started, the money will be used for that.

In a meeting held at the mayor's camp office, the civic body's finance and contracts committee (F&CC) approved roughly 250 resolutions pertaining to development works valued at about 1 billion as Municipal elections are anticipated to take place by the end of the year. The same occurs at a time when the municipal corporation (MC) is struggling to make ends meet, including paying employee salaries. Following the same, there appears to be a lack of precise planning for financing these projects. During the meeting, which lasted for more than four and a half hours, 277 resolutions were presented, according to the information. About 250 of these were approved by the committee led by mayor Balkar Sandhu, including initiatives funded by the National Clean Air Program (NCAP) and the Smart City Mission. The majority of the projects involved building new roads, installing tube wells, and installing sewer lines. Due to the impending elections, council members have been putting increasing pressure on the mayor to approve projects for their respective wards. However, Sandhu claimed that given the already established quota for each councillor, the projects had been approved. Prior to this, the finance committee established annual budgets of 10 million for inner wards and 15 million for outer wards. 鈥淭he projects which have to be taken up on priority basis have been approved like installation of tubewells. As the MC has been facing shortage of funds, the other projects have been approved considering the fixed quota of councillors. If the councillor had already got projects approved equal to his quota, then the additional projects have been kept pending for now,鈥� the mayor stated. According to Sandhy, the state government's failure to release its portion of the goods and services tax (GST), which is close to 1 billion, has left the civic body with a funding shortage. The MC has already gotten a loan for 1 billion to do development work, and if projects need to be started, the money will be used for that. See also: Ludhiana Municipal Corporation to review development projects.. Tamil Nadu tops in smart city fund utilization

Real Estate

13 Jun 2025

Hyderabad Records Rs 40+ Bn in Property Registrations in May 2025

According to Knight Frank India鈥檚 latest assessment, residential property registrations in Hyderabad rose by 2 per cent year-on-year (YoY) and 5 per cent month-on-month (MoM) in May 2025鈥攖he first such increase recorded this year. Total value of homes registered have surged by 14 per cent YoY and 4 per cent MoM. Registrations for homes priced above Rs 1 crore grew sharply by 37 per cent YoY, accounting for 19 per cent of total registrations. The Hyderabad residential market spans across four districts鈥擧yderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy鈥攁nd includes transactions f..

Infrastructure Urban

13 Jun 2025

India Remains Top 10 Global Destination for Land Investments: Colliers

Asia Pacific continues to assert its dominance on the global investment stage and play a key role in overall capital movements, according to a new report from Colliers. Colliers鈥� Global Capital Flows June 2025 report found Singapore, Japan and Hong Kong among the top 10 sources of global capital in the first quarter, with Singapore in fourth position, Japan seventh and Hong Kong tenth.While Japan and Australia ranked among the top 10 global cross-border capital destinations for standing assets, India continued to feature prominently at the seventh place in the top 10 global cross-border capi..

Equipment

13 Jun 2025

First Liebherr 43 K Fast-Erecting Crane Goes to Zimmerei Frank

Munich-based carpentry company Zimmerei Frank is the first customer to take delivery of a new Liebherr 43 K fast-erecting crane. The crane was successfully delivered in May 2025 and has joined a fleet of 14 already existing Liebherr cranes. The medium-sized company, which has a 60-strong workforce, has opted for Liebherr鈥檚 quality, reliability and collaborative partnership on all its projects for years.Liebherr鈥檚 43 K succeeds the popular 34 K, a crane model that Zimmerei Frank has always had good experiences with. The company has now decided to opt for the 43 K; the first crane produced f..