Chandigarh, April 14 -- The Punjab government has approved a one-time relaxation (OTR) policy for property allottees of the improvement trusts with regard to non-construction fee and outstanding allotment amounts. Punjab local government minister Dr Ravjot Singh said the move would benefit allottees of residential and commercial properties.

He said those who received allotment letters less than 15 years ago would receive a 50% discount on the total non-construction fee (principal amount plus interest). For those whose allotment period exceeds 15 years, the non-construction fee will be fixed at 5% of the reserve rate. The minister said an additional 25% discount on non-construction fee is there for senior citizens, women and heirs of arme...