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 Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..