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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement