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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..