Panel holds meet to fix rates of Ludhiana Improvement Trust properties

Deputy Commissioner Sakshi Sawhney, along with Ludhiana Improvement Trust (LIT) chairman Tarsem Singh Bhinder, held a meeting of the district-level rate fixation committee here.

The committee discussed rates for several properties of the Ludhiana Improvement Trust located in Bhai Randhir Singh Nagar, Sukhdev Enclave, Maharishi Balmiki Nagar, Model Town Extension, and Rajguru Nagar.

After deliberations, the committee fixed the price of the properties, including SCOs and booths.

The Deputy Commissioner, who is also the Chairperson of the committee, asked the officials to prepare a new proposal for renting out the space in the commercial complex on the Rani Jhansi Road.

Besides, the discussions were also held regarding relocating the office of the Improvement Trust to this commercial complex and renting out the present building to increase revenue.

The members suggested that by renting out the space at both sites, the Trust can earn substantial income and become self-dependent.

The Deputy Commissioner said the next meeting of the committee will be held in the coming week to expedite the process.