Mann Government Aims to Simplify Real Estate Operations in Punjab
The Punjab government, led by Chief Minister S. Bhagwant Singh Mann, is committed to making the real estate sector more investment-friendly and efficient. The Sector-Specific Committee for Real Estate, chaired by Housing and Urban Development Minister Hardeep Singh Mundian, aims to streamline policies and expedite approvals, boosting the state's economy.
Real EstatePunjabSectorspecific CommitteeInvestmentDevelopmentReal Estate NewsOct 17, 2025
Addressing the committee members, Mundian emphasized that the Chief Minister S. Bhagwant Singh Mann's government recognizes the significant contribution of the real estate sector to the state’s development. He stated that the progress of this sector directly strengthens the state’s economy. Mundian expressed confidence that the Sector-Specific Committee would provide valuable suggestions to the government, setting new benchmarks for the real estate sector.
During the meeting, Punjab CREDAI President Mr. Jagjit Singh Majha appreciated the state government’s proactive step in forming this committee to streamline policy formulation for the real estate sector. Committee Chairman Mr. Deepak Garg (Director, Marbella Group) thanked the Punjab Government for this initiative and assured that the committee would fulfil its assigned responsibilities with complete diligence. It was agreed that in the coming days, meetings would be organized in Jalandhar and Ludhiana between builders and respective development authorities to outline strategies for encouraging more investments in the real estate sector in these cities.
To make the real estate sector more investment-friendly and growth-oriented, the committee members unanimously agreed on the need for immediate measures to expedite the issuance of CLU, LoI, licences, and other approvals. They also emphasized the importance of simplifying the process for partial and final completion certificates and making the system for plot hypothecation and de-hypothecation more efficient.
Prominent among those present at the meeting were GMADA Chief Administrator Vishesh Sarangal, Additional Chief Administrator and Member Secretary of the Sector-Specific Committee Amarinder Singh Mahi, Committee Vice Chairman Rupinder Singh Chawla (MD, CEE ENN Promoters and Developers Pvt. Ltd.), and members Sukhdev Singh (Director, AGI Group), Pradeep Kumar Bansal (Director, HLP Group), Baljeet Singh (Director, Jubilee Group), Deepak Makhija (Business Head Punjab, Emaar Group), Rupinder Singh Gill (MD, Gillsons Construction Ltd.), Rohit Sharma (Executive Director, DLF Group), Mohinder Goyal (Chairman, Affinity Group), and Varun Dham (Director, KLV Builders).
Frequently Asked Questions
What is the main goal of the Sector-Specific Committee for Real Estate in Punjab?
The main goal of the Sector-Specific Committee for Real Estate in Punjab is to bring positive transformation to the real estate sector by streamlining policies, expediting approvals, and making the sector more investment-friendly and growth-oriented.
Who presided over the maiden meeting of the Sector-Specific Committee for Real Estate?
The maiden meeting of the Sector-Specific Committee for Real Estate was presided over by Punjab Housing and Urban Development Minister Hardeep Singh Mundian.
What are some of the immediate measures agreed upon by the committee members?
The committee members agreed on the need for immediate measures to expedite the issuance of CLU, LoI, licences, and other approvals, simplify the process for partial and final completion certificates, and make the system for plot hypothecation and de-hypothecation more efficient.
Who are some of the prominent members present at the meeting?
Prominent members present at the meeting included GMADA Chief Administrator Vishesh Sarangal, Additional Chief Administrator and Member Secretary Amarinder Singh Mahi, Committee Vice Chairman Rupinder Singh Chawla, and members from various real estate companies such as AGI Group, HLP Group, Jubilee Group, Emaar Group, Gillsons Construction Ltd., DLF Group, Affinity Group, and KLV Builders.
How will the committee encourage more investments in the real estate sector?
The committee will encourage more investments in the real estate sector by organizing meetings in cities like Jalandhar and Ludhiana between builders and respective development authorities to outline strategies for investment and development.
Related News Articles
Amitabh and Abhishek Bachchan Expand Real Estate Empire with INR 24.95 Crore Investment in Mulund
Bollywood icons Amitabh and Abhishek Bachchan have made a significant real estate investment in Mulund West, Mumbai, acquiring ten upscale apartments for INR 24.95 crore. This move highlights their strategic approach to property investments and their fait
Macrotech Developers Files IPR Suit Against Brother Over 'Lodha' Name
Mumbai: Macrotech Developers, a prominent real estate company headed by Abhishek Lodha, has initiated an intellectual property rights (IPR) lawsuit in the Bombay High Court to prevent his brother from using the 'Lodha' name.
Office Space Demand in Top 6 Cities to Reach 700 Lakh Sq Ft in 2025
Real estate consultant Colliers India projects a strong demand for office space in the top six cities, including Bengaluru, Pune, Hyderabad, and Chennai, with gross leasing transactions estimated at 650-700 lakh square feet this year.
LIC-backed Navratna Multibagger Penny Stock Secures Rs 82 Crore Order
A LIC-backed Navratna multibagger penny stock has secured a significant order worth Rs 82 crore, marking a major milestone in its growth trajectory. The company, which predominantly operates in the PMC segment, is poised for further expansion and increased market presence.
RBI Repo Rate Cut Fails to Boost Real Estate Stocks; Market Reaction Mixed
The Reserve Bank of India's (RBI) recent repo rate cut aimed to stimulate the economy and real estate sector, but the market's reaction has been mixed. Despite expectations of increased residential sales and better liquidity, stocks of major real estate companies like Phoenix Mills, Anant Raj, Sobha, and Oberoi Realty have not shown significant gains.
Mumbai Metro 2B Trial Begins: A Leap Towards Modern Urban Connectivity
Mumbai Metro 2B has officially commenced trials between Mandale and Chembur, marking a significant step towards enhancing the city's public transport network. This development is expected to provide much-needed relief to commuters and boost real estate and urban development in the region.