LDA To Launch Rs 33 Billion Projects in Lucknow

27 May 2025 CW Team

The Lucknow Development Authority (LDA) is set to roll out two major development projects in Gomti Nagar Extension, with a combined investment of Rs 33 billion. Aimed at reshaping the city’s urban infrastructure, these initiatives include a premium residential project and a landmark commercial development.

The flagship residential project, River View Apartments, will be constructed over 51 acres in Maleshemau village, behind the Uttar Pradesh Police Headquarters near Shaheed Path. With an estimated investment of Rs 25 billion, the development will offer a range of 1BHK to 4BHK flats, penthouses, and dedicated units for Economically Weaker Sections (EWS) and Lower Income Groups (LIG). Residents will enjoy scenic views of the Gomti River and premium amenities including swimming pools, gyms, clubs, and yoga centres. Designed in three clusters with a floor area ratio (FAR) of 5, the project will encourage multiple developers to participate in building high-rise towers.

Simultaneously, a Rs 8 billion hotel-cum-commercial complex will be developed on a 5.5-acre plot at 1090 Crossing. This Public-Private Partnership (PPP) venture will feature a hotel, office spaces, and retail outlets, with a strong emphasis on iconic architecture. The completed commercial spaces will be leased for 90 years with options for extension.

Supporting these projects, the LDA is also working on surrounding infrastructure improvements, including a green corridor, a cloverleaf interchange at Shaheed Path and Sultanpur Road, a masterplan road, and a ‘flower valley’ landscaping initiative.

Requests for Proposals (RFPs) for both projects will be issued soon, with developers selected via competitive bidding. Construction is expected to be completed within three years of contract signing. These projects mark a strategic effort by the LDA to enhance liveability and economic dynamism in Lucknow, transforming Gomti Nagar Extension into a model urban hub.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..