In this paper a novel lossless grounded negative inductance simulator is proposed using only one operational transresistance amplifier (OTRA) as an active element and one capacitor and three or four resistors as passive elements. All the properties of the proposed negative inductance simulator are verified using both CMOS and current feedback operational amplifier (CFOA) based OTRA realization is PSPICE. The proposed circuit is also tested experimentally to verify the theoretical results. As an application, the cancellation of unwanted inductance is tested using the proposed inductance simulator.