Punjab Extends One Time Settlement Scheme for Property Owners Until April 2026
OTS scheme for improvement trusts in Punjab extended till April 30: Arora
Hindustan Times
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The Punjab government has extended the One Time Settlement (OTS) Scheme for improvement trusts until April 30, 2026, offering a 50% rebate on non-construction fees. This initiative aims to enhance urban infrastructure and improve service delivery, with significant investments in road repairs, fire services, and water management.
- 01OTS Scheme extended until April 30, 2026, offering 50% rebate on non-construction fees.
- 02House tax collection for FY 2025-26 reached ₹600 crore, up from ₹500 crore in FY 2024-25.
- 03Repairs of 2,120 kilometers of roads are planned at a cost of ₹1,300 crore.
- 04Investment of ₹131 crore for modernization of fire services, including new fire stations.
- 05Sewerage projects worth ₹450 crore are underway, with additional projects worth ₹700 crore to be allotted.
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Punjab's local government minister Sanjeev Arora announced the extension of the One Time Settlement (OTS) Scheme for improvement trusts until April 30, 2026. This scheme provides a 50% rebate on non-construction fees, aimed at easing financial burdens on property owners. The government reported that house tax collection for FY 2025-26 has increased to ₹600 crore from ₹500 crore in the previous fiscal year, indicating improved efficiency in urban local bodies. Significant investments are being made in urban infrastructure, including repairs of 2,120 kilometers of roads at a cost of ₹1,300 crore, with completion targeted by May 2026. Furthermore, the modernization of fire services will involve an investment of ₹131 crore, while sewerage projects worth ₹450 crore are already in progress. The government is also focusing on water management, with ₹700 crore allocated for surface water projects and plans for 30 Water Treatment Plants worth approximately ₹800 crore.
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The OTS Scheme aims to provide financial relief to property owners, while improvements in urban infrastructure will enhance living conditions for citizens.
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