NCR Consortium leases land for luxurious residential project in Delhi

10 Aug 2023 CW Team

The consortium is anticipated to invest an additional Rs 10 billion into various developmental initiatives, encompassing the construction of residential units specially designated for railway personnel.

Pradeep Kumar Agrawalla, the Director of Galaxy and Sawasdee Group, expressed enthusiasm about the prospects of contemporary construction in Delhi. He emphasised the attractiveness of investing in luxury real estate, particularly within the affluent locale of South Delhi. He further iterated the consortium's intention to continually seek out redevelopment prospects, considering RLDA's possession of prime land.

The land area under consideration is partitioned into three sections: Part-A and Part-B (Sewa Nagar) and Lodhi Colony. The overall land expanse spans 43,345.82 square meters, of which 16,058.40 square meters is slated for a residential development lease that spans 99 years. The remaining area of approximately 27,282.42 square meters in Sewa Nagar Part-B will be utilised for overhauling the existing Railway colony. The consortium is being granted access to Part A (Sewa Nagar) and Lodhi Colony. Notably, there are presently 278 flats, with 202 situated in Sewa Nagar and 76 in Lodhi Colony.

Agrawalla detailed their plans for a lavish residential project encompassing approximately 500,000 square feet of saleable area. The consortium will dedicate six months to master planning and designing the project, followed promptly by the initiation of construction.

Sawasdee and Galaxy group, recognised for their accomplished projects in Greater Noida West, are concurrently engaged in numerous commercial ventures in Delhi, primarily located in Old Delhi, Rohini, and Paschim Vihar. Furthermore, the consortium is actively constructing an expansive retail and commercial hub in Noida's Sector-63.

An NCR-based consortium, comprising the Galaxy group, has secured a lease for a land parcel from the Rail Land Development Authority (RLDA) at a cost of Rs 3.56 billion. The purpose of this lease is to initiate a residential development project within South Delhi's prestigious Lodhi Colony.The consortium is anticipated to invest an additional Rs 10 billion into various developmental initiatives, encompassing the construction of residential units specially designated for railway personnel.Pradeep Kumar Agrawalla, the Director of Galaxy and Sawasdee Group, expressed enthusiasm about the prospects of contemporary construction in Delhi. He emphasised the attractiveness of investing in luxury real estate, particularly within the affluent locale of South Delhi. He further iterated the consortium's intention to continually seek out redevelopment prospects, considering RLDA's possession of prime land.The land area under consideration is partitioned into three sections: Part-A and Part-B (Sewa Nagar) and Lodhi Colony. The overall land expanse spans 43,345.82 square meters, of which 16,058.40 square meters is slated for a residential development lease that spans 99 years. The remaining area of approximately 27,282.42 square meters in Sewa Nagar Part-B will be utilised for overhauling the existing Railway colony. The consortium is being granted access to Part A (Sewa Nagar) and Lodhi Colony. Notably, there are presently 278 flats, with 202 situated in Sewa Nagar and 76 in Lodhi Colony.Agrawalla detailed their plans for a lavish residential project encompassing approximately 500,000 square feet of saleable area. The consortium will dedicate six months to master planning and designing the project, followed promptly by the initiation of construction.Sawasdee and Galaxy group, recognised for their accomplished projects in Greater Noida West, are concurrently engaged in numerous commercial ventures in Delhi, primarily located in Old Delhi, Rohini, and Paschim Vihar. Furthermore, the consortium is actively constructing an expansive retail and commercial hub in Noida's Sector-63.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..