Banur-Tepla road on way to become Punjab’s 'economic power house', giving a boost to region’s economy

Chandigarh: Only 8 minutes drive from Aerocity and strategically located on NH 205A, the Banur–Tepla road is all set to give a fillip to business growth and the economy with leading real estate groups of the region planning to set up Industrial Parks on the stretch.

Ashish Mittal and Piyush Kansal

A not very known industrial stretch a few years back the Banur-Tepla road is now a hub of warehousing facilities with over 40 warehousing and logistics entities based here and over a dozen under construction. Not only warehousing, the 'Industrial spot' located on the Banur-Tepla road has become a hot economic hub.

Neeraj Kansal, Managing Director, Royale Estate Group (REG), emphasized on the need of offering a 360 degree solution for all industrial needs of the region. He said a vision document is being created by the Royale Estate Group with many industry stalwarts involved in the planning . A plan based on the integrated development principle – live, work and play to have the best-in-class infrastructure is the need of the hour and is being shaped up for all industries looking to set up businesses on the Banur-Tepla road.

The region has a strategic location from the supply chain and logistics perspective with prominent catchment areas in and around Punjab which has the Baddi – Barotiwala - Nalagarh industrial belt, and Ludhiana which is a key industrial hub. In addition to proximity to the dry port at Shambhu bordering Punjab and Haryana, and connectivity to Amritsar-Kolkata Industrial Corridor (AKIC) with the Airport cargo road from Mohali International Airport to be contacted here in future, the area is all set to give a major boost to industrial development, investment ecosystem and economy of the region.

Ashish Mittal, Director, Royale Estate group adds that all these key features make the Banur-Tepla stretch a preferred choice for many industry verticals and all kinds of industries – Red Zone, white, orange, green, ranging from textiles, chemicals, pharmaceuticals, tools and precision, assembling units, printing press, building material, warehousing solutions, cold storages, engineering and fabrication units, electrical and electronic items, food and food processing, ceramics and refractories, distillery, pesticides and many more.

The state government too has designed a policy around eight core strategic pillars for sustainable industrial growth of Punjab. These are infrastructure, power, MSMEs, ease of doing business, start-up and entrepreneurship, skills, fiscal and non-fiscal incentives and in sync with the vision of 'Invest Punjab' all industries being set up in the area will have the advantage of 100 per cent exemption of stamp duty, 100 per cent exemption of electricity duty for seven years, 100 per cent exemption from property tax and an investment subsidy too.

Further, the Industry units will be entitled for collateral free bank loans, one percent interest exemption on overdraft, 50 per cent discount on government fee on trademarks, credit linked capital subsidy scheme for technical up-gradation and many other benefits.

Piyush Kansal another real estate expert who also is a young director in the Royale Estate Group shared that plans are underway to support industries by building effluent treatment plants (ETPs), a skill development centre, a R&D centre, tool and equipment room, wide concrete roads, all civic amenities to ensure that the Banur–Tepla stretch becomes a unique investment and employment hub for the region catering to the Industrial needs across verticals.

It is noteworthy to mention that established in 1995, Royal Estate Group has developed projects on 100 per cent registered land. As many as 21 projects have already been delivered around Chandigarh. It is credited with developing the first Group Housing concept in Punjab. A zero debt company, proactively providing infrastructure and environment for partners to enhance their productivity and profitability. Royale Estate Group has good plans and strongly supports the development on the NH 205A, the Banur–Tepla road as a futuristic vision of making Punjab a sound economic hub with extensive benefits through its upcoming projects. BW

Punjab's second NAFED Bazaar set up in Ludhiana; farmers to become 'agri-brand' owners

Ludhiana : Punjab's second and Ludhiana 's first NAFED Bazaar store opened its doors in E Block, SBS Nagar. NAFED Bazaar was inaugurated by senior IPS officer Narinder Bhargav. The outlet has been set up by India 's largest and most premier Central government owned Agricultural conglomerate - National Agricultural Cooperative Marketing Federation of India (NAFED) in association with Seedstart Retail. NAFED Bazaar Punjab's operations will be taken care of by a young and dynamic woman entrepreneur - London based NRI Gurbani Mehta, who's startup Seedstart Retail is NAFED's channel partner for Punjab . The inauguration ceremony took place in the presence of Gurbani Mehta. Sanjeev Kumar Chaddha (IFS), MD, NAFED also joined in the inaugural ceremony online. Gurbani Mehta while talking to media persons said, “I am jubilant to open doors of our second store in Punjab . Our idea is to become a bridge between farmers, manu...

Robust real estate growth in Punjab with major players bringing in high value projects

Ludhiana : 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-term sustainability of the sector. Shams...

Performed poetry marks the formal launch of poetry book ‘Uns’

Chandigarh: Nisha Luthra, a Chandigarh based theatre director and founder of The Narrators, a performing arts society, has penned her maiden book of poetry - 'Uns.' 'Uns' was formally and very uniquely unveiled through a 'performed poetry' presentation at the world famous Rock Garden. A music and dance recital was showcased as part of the performed poetry presentation by city based contemporary dance artiste Puneet Jewandah and Bharatnatyam virtuoso Varun Khanna to the accompaniment of live tabla and violin. The performance was based on the poetry in ‘Uns’ and was conceived and directed by the writer Nisha Luthra herself. "My book is a showcase depicting multifaceted aspects of human sentiments. The performed poetry was an apt tribute to the theme of 'Uns'. I am happy that the expressive dance performance as lines of poems from my book were recited gave the whole launch event an ethereal feel," said Nisha Luthra, who is also a pioneer of ...

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