LDA Sells Plots Worth Rs.6.75 Bn

02 Feb 2024 CW Team

In a recent auction conducted by the Lucknow Development Authority (LDA), plots worth over ?6.75 billion were successfully sold. The substantial earnings from the sale of these plots contribute to the LDA's financial resources for urban development and civic initiatives, marking a significant financial boost.

The auction attracted considerable attention and active participation from buyers, highlighting the demand for real estate in Lucknow. The successful sale of the plots signifies not only the economic vibrancy of the region but also the strategic utilisation of land assets by the LDA.

The funds generated through the plot sales are expected to be directed towards various urban development projects, infrastructure enhancements, and the overall betterment of civic amenities in Lucknow. This aligns with the city's ongoing efforts to transform and modernise, meeting the evolving needs of its residents.

Lucknow's real estate market continues to demonstrate strength, with such auctions providing a platform for both developers and investors to engage in valuable transactions. The LDA's ability to effectively manage and leverage its land assets underscores the organisation's role in fostering urban growth and supporting the city's progress.

As Lucknow moves forward with its urban development agenda, the revenue generated from successful auctions becomes a crucial component in driving positive changes and ensuring sustainable growth in the city.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..