Ganga Realty plans to invest in high-street retail project

05 May 2023 CW Team

Real estate company Ganga Realty, with headquarters in Gurugram, has said that it will invest Rs 4 billion in Swarnim, its first high-street "neighbourhood" retail project, in Sector 5 of Gurugram. The company has announced its affordable housing project in Sohna Road; this project would be its second large-scale endeavor. The project would have convenient connectivity to IGI Airport and KMP Expressway and is situated 20 minutes from the proposed metro station. With a total land area of 2.7 lakh square feet, the development will mostly be commercial and retail.

According to a release from the company, the project will have about 650 shops with numerous brand and amenity stores and will be built next to about 3,000 residential units. According to the announcement, over 25,000 families will probably relocate to the same area in the near future, which offers the project enormous chances for significant returns on investment.

Retail stores, banquets, a multiplex, and theme restaurants will also be included. Over 200 brands are anticipated to transform the project's retail environment. All retail and office space will be leased to individual investors under the project's 100% lease model. Shops will have exclusive terrace rights and double heights. Additionally, the project will give mechanical equipment its own space.

The company expects to deliver the project by the end of 2025.

Vikas Garg, JMD, Ganga Realty adds, “The funds for construction of the Swarnim project would be met by internal accruals and customer advances which are being planned. With deliveries and possessions already in process, we expect a huge population to shift within couple of years in close vicinity. This movement will thus push demand for retail and majorly for retail properties in this region”.

Infrastructure Energy

17 Sep 2025

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

NTPC Plans Nuclear Power Projects Via JV and Standalone Routes

Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected t..

RVNL Wins $21.6 Million Bhopal Division Traction Substation

Rail Vikas Nigam (RVNL) has been declared the lowest bidder for a $21.6 million traction substation contract awarded by the West Central Railway.The project covers the design, modification, supply, erection, testing, and commissioning of a 220/132kV/2×25kV Scott-connected traction substation, switching posts, Auto-Transformer installations, and Supervisory Control and Data Acquisition (SCADA) systems in the Bina–RTA section of the Bhopal Division. The execution period is set at 540 days.In a regulatory filing, RVNL stated that the order was secured in the ordinary course of business and doe..