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.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..