+
Galaxy Group Secures RLDA Lease: Lodhi Luxury Project
Real Estate

Galaxy Group Secures RLDA Lease: Lodhi Luxury Project

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code