Lucknow Development Body Nets Rs 6.75 Bn from Commercial Plot Sales

01 Feb 2024 CW Team

The Lucknow Development Authority has successfully generated revenue exceeding Rs 6.75 billion through the sale of commercial plots. This strategic move aligns with the city's development plans and showcases the demand for commercial spaces in Lucknow's real estate market.

The sale of these commercial plots is indicative of the growing interest and investment in Lucknow's commercial real estate sector. It not only contributes significantly to the city's economic landscape but also underscores the confidence of investors and businesses in the region's growth prospects.

Lucknow, as a key urban centre, continues to witness increased commercial activity, making it an attractive destination for real estate investments. The Lucknow Development Authority's successful sale of commercial plots reflects the positive trajectory of the city's real estate market and the effective implementation of development initiatives.

The revenue generated from the commercial plot sales is expected to be instrumental in funding further infrastructure and development projects in Lucknow. The strategic utilization of commercial spaces aligns with the city's vision for comprehensive urban development, creating a win-win situation for both the local government and the real estate stakeholders involved in these transactions.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..