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 ...