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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..