Galaxy Group Secures RLDA Lease: Lodhi Luxury Project

11 Aug 2023 CW Team

The NCR-based Galaxy Group has leased a land parcel in Lodhi Colony, South Delhi, from the Rail Land Development Authority (RLDA) for Rs 3.56 billion. The developer is expected to invest an additional Rs 10 billion for the development of projects, including flats for railway staff. The entire land area, measuring 43,345.82 sq mt, is divided into three parts: Part A & Part B (Sewa Nagar) and Lodhi Colony. Out of this, 16,058.40 sq mt will be leased for residential development for 99 years.

The balance area will be utilised for the redevelopment of the existing Railway colony. The upcoming development will be in proximity to prime areas such as Lodhi Colony, Chanakyapuri Diplomatic Enclave, and Golf Links. Pradeep Kumar Agrawalla, Director of Galaxy and Sawasdee Group, expressed optimism about the potential for modern construction in Delhi, especially in South Delhi.

The Galaxy Group's initiative aligns with RLDA's key mandates, including commercial development of surplus Railway land, colony redevelopment, station redevelopment, and multi-functional complexes. During the current financial year, RLDA has leased out various sites for a cumulative lease premium of Rs. 16.22 billion, reflecting a growing trend in leveraging railway assets for development.

Infrastructure Urban

23 May 2025

Haryana Boosts MSME Ecosystem and Digital Governance

The Haryana government has introduced major reforms to enhance ease of doing business, empower micro, small and medium enterprises (MSMEs), and accelerate digital governance in Tier two and three cities. These initiatives follow the 4th Conference of Chief Secretaries and include eliminating 446 obsolete compliance requirements under 14 central and state laws, alongside decriminalising 27 minor offences.As part of the national Reducing Compliance Burden initiative, Haryana has simplified 838 business-facing and 271 citizen-facing compliances. Infrastructure projects above Rs one billion must n..

Infrastructure Urban

23 May 2025

Assam Government Signs Rs 229 Billion Project MoUs

The Assam government has signed Memorandums of Understanding (MoUs) for twenty projects valued at Rs 229 billion, following proposals from the Advantage Assam 2.0 investment summit held in February. These agreements mark binding commitments now advancing to execution.Chief Minister Himanta Biswa Sarma emphasised a balanced focus on large infrastructure and labour-intensive sectors such as agriculture and dairy. Key projects include waste management, the Tata Gateway initiative, solar power generation, and ethanol production.Since the summit, Rs 230 billion worth of investments have been cleare..

Real Estate

23 May 2025

Lucknow Approves Rs two Billion for Urban Development

The Lucknow Infrastructure Fund Committee has approved an allocation of Rs two billion to enhance the city鈥檚 urban development and environmental conservation efforts. The funding aims to accelerate ongoing projects blending infrastructure improvement with ecological and cultural upliftment.Central to this initiative is the Green Corridor from Basant Kunj to Pipraghat, receiving Rs 900 million. Key projects include Rs 500 million for an embankment from Pipraghat to Shaheed Path to boost flood resilience and connectivity, Rs 150 million for a second embankment towards Ekana Stadium, and Rs 100..