Tribune News Service
Ludhiana, August 24
The real estate market has started picking up in Ludhiana, which is the largest district in the state in terms of area and population, if the revenue collection is any indication.
The district has achieved 24 per cent revenue collection, a key indicator of market trend, in the first quarter of this fiscal, the administration has confirmed.
The development assumes significance as the real estate market had suffered a major setback due to the second Covid wave, which had caused maximum loss to Ludhiana in terms of deaths and infections.
The official figures compiled by the district administration, which are available with The Tribune, revealed that Rs 93,53,50,241 stamp duty was collected from the registration of 18,176 documents in the district from April 1 to June 30.
Sharing details, Deputy Commissioner Varinder Kumar Sharma told The Tribune here on…