Northern Tribune

  An AIPL Development in Punjab Chandigarh :  The land of five rivers – as Punjab has famously been known for ages – is now housing some of the leading real estate developers who have their headquarters in Tier 1 cities – Advance India Projects Limited (AIPL), Omaxe, Emaar  India , DLF and Ansal API are some of these. Not only Mohali in the  Chandigarh  capital region, but most of the other Tier II and III cities of the State are attracting investors.  The current dispensation led by Chief Minister Bhagwant Mann seems to be keen to promote the realty sector, as the government knows well that the real estate sector will give a significant push to the state’s economy. It is indeed encouraging to notice the entry of major real estate developers in the state and it is very promising for this segment’s revival. This shall not only boost the economy of the state but also bring diversity in terms of the architecture, green building aspect, and long-t...

Mohali (SAS Nagar):  In what deals a severe blow to the efforts of Punjab Chief Minister Bhagwant Mann to improve the ease of doing business and anti-corruption drive in the state, Punjab State Power Corporation Ltd (PSPCL) is not releasing electricity connection to a commercial entity notwithstanding the directions of the court. The permanent Lok Adalat of SAS Nagar on May 20, 2022, had directed the PSPCL to release the electricity connection to M/s MM Builders, which runs Sky Jumper in  Oxford Street , Zirakpur owned by S M Hotel. The court also ordered the attachment of salary of HS Oberai, XEN, Zirakpur Division, and PSPCL. The court has termed the action of PSPCL as contempt of the orders of the Permanent Lok Adalat. The court order reads - “Despite the orders of this court, the PSPCL is avoiding releasing the connection on flimsy grounds. We are of the considered view that the action of PSPCL amounts to contempt of the orders of this Adalat. Accordingly, before takin...