Foundation Stone of LIC Investment Building Laid

Real estate emerging as a stronger asset class; LIC to boost policyholders’ returns through rental income, says MD Ratnakar Patnaik

Mohali, March 15, 2026: The foundation stone of the Investment Building of Life Insurance Corporation of India (LIC) at Sector 49, Mohali, under the Chandigarh Divisional Office, was formally laid by Ratnakar Patnaik, Managing Director, LIC of India.

The ceremony was attended by several senior officials of the corporation, including J.P.S. Bajaj, Zonal Manager (North Zone); P.K.J. Dungdung, Executive Director (Engineering); Vikram Singh Yadav, Chief Engineer (North Zone); Yangjor, Regional Manager (Marketing), North Zone; and Sonam Chhewang, Senior Divisional Manager, Chandigarh.

Speaking to reporters on the occasion, Patnaik said that real estate has emerged as a strong and reliable investment option in the current economic environment, which is why LIC has been developing ‘investment buildings’ across various cities in the country.

He explained that LIC acquires land parcels and, after obtaining the required approvals, constructs modern commercial buildings that are leased out as office spaces. The rental income generated from such properties contributes to strengthening LIC’s investment portfolio and helps in providing better returns to policyholders.

“Real estate investments currently offer better prospects compared to several other asset classes. That is why LIC is focusing on creating investment buildings in different locations. We want to provide enhanced returns to our policy holders,” Patnaik said.

The upcoming Investment Building in Mohali, near Chandigarh, is being developed by LIC’s engineering department and is envisioned as a modern and impressive commercial complex. The project is expected to be completed in approximately three years.

It is envisaged that the project will bring substantial economic activity and development to Punjab.

Meanwhile, Patnaik  further highlighted that LIC owns properties across India in major metropolitan cities as well as Tier-2 cities, adding that nearly 60 percent of the corporation’s total rental income currently comes from properties located in Delhi.

The allotment of space will be carried out through a transparent and competitive bidding process to ensure quality tenants and optimal rental returns.

“Our objective is to ensure a transparent system that brings reliable tenants and generates steady rental income, which ultimately benefits our policyholders,” he added.

शीतला सप्तमी के पर्व पर पुरुषोत्तम दास रूंगटा चैरिटेबल ट्रस्ट ने आयोजित किया 206वां भंडारा

अन्न भंडारा करने का बेहतरीन दिन है शीतला सप्तमी: अमिताभ
रूंगटा

पंचकुला, 10 मार्च 2026:

शीतला सप्तमी के पर्व पर समाजसेवी एवं पुरुषोत्तम दास रूंगटा चैरिटेबल ट्रस्ट के फाउंडर अमिताभ रूंगटा के नेतृत्व में औद्योगिक क्षेत्र फेज-1 में ट्रस्ट द्वारा 206वां अन्न भंडारा आयोजित किया गया। इस अवसर पर भंडारे को परोसने और आयोजन में सहयोग देने वाले वालंटियर्स विशेष रूप से उपस्थित रहे।

अमिताभ रूंगटा ने शीतला सप्तमी के महत्व पर प्रकाश डालते हुए बताया कि यह चैत्र मास के कृष्ण पक्ष की सप्तमी तिथि है। हिंदू पंचांग के अनुसार यह दिन धार्मिक दृष्टि से विशेष महत्व रखता है और आज पूरे श्रद्धा भाव के साथ शीतला सप्तमी का पर्व मनाया जा रहा है।

उन्होंने कहा कि ऐसे पावन अवसर पर किसी भी नए धार्मिक या सामाजिक आयोजन की शुरुआत करना श्रेष्ठ माना जाता है। स्थानीय एनजीओ तथा समाजसेवी इस दिन से प्रेरणा लेकर सप्ताह या महीने में एक बार राहगीरों के लिए अन्न भंडारा आयोजित कर सकते हैं या अपने साथियों के साथ मिलकर इसकी योजना बना सकते हैं। उन्होंने कहा कि इस प्रकार के धार्मिक एवं सामाजिक कार्यों का फल अवश्य प्राप्त होता है।

A Fin-Tastic Spectacle: Young Montessorians bring Finding Nemo to Life on Stage

Chandigarh, In a dazzling display of talent and dedication, the Montessori Lower Elementary (Grade III) students of Vivek High School, Mohali transformed the stage of Vivek High School, Chandigarh, into a vast and vibrant ocean; presenting a spellbinding theatrical adaptation of Disney and Pixar’s beloved classic, ‘Finding Nemo’.

 

From the moment the lights dimmed, the audience was transported on an unforgettable journey across the sea, with the young cast delivering performances that were truly extraordinary. Their enthusiasm was infectious as they embodied their favourite characters with remarkable confidence and charm. Navigating the challenges of dialogue, comic timing and emotional depth, every scene was a testament to the young Montessorians' relentless hard work and passion.

 

The Head of Junior Wing, Ms Meenakshi Madaan, congratulated the performers and shared that a production of this scale is a monumental undertaking. She extended her deepest gratitude to the school management and added that their steadfast support and belief in the arts provided the students with an incredible platform for creative expression, reflecting their commitment to a well-rounded education.

 

The Principal, Mrs. Jaswinder Gandhok thanked the parents for their endless encouragement and for providing the children with the essential moral support, which served as the foundation upon which the young performers could build their confidence. She congratulated the entire cast and crew of Finding Nemo and added that they had created a world of wonder and reminded everyone of the importance of family and friendship.

 

This spectacular performance was the result of the tireless vision and guidance of the young director, Mr. Aman Singh, whose unwavering commitment to excellence inspired the students to reach new heights. He brought to life a cohesive and captivating story. The choir, which was trained by Mr. Seyiekhrienyu Usou and Mr. Keshav Singh Sunwar, rendered rich and powerful harmonies that captured the wonder and heart of the ocean adventure. The impressively choreographed dance sequences, designed by Ms. Mohina Sharma, were executed by the children with energy and precision. The seamless integration of acting, voice and movement created a truly immersive theatrical experience.

 

 

The production was a resounding success, as the actors' undeniable magic held the audience in complete awe from the beginning to the end.