RLDA would lease a block of land in Dwarka for 11.93 billion

12 Jan 2023 CW Team

In Sector 21, Dwarka, Delhi, the Rail Land Development Authority (RLDA) has issued a request for bids for leasing out a plot of railway land of 124,000 square metres for INR 11.93 billion. The land parcel has a residential preference (55%) and a business preference (45%). The pre-bid meeting took take place on 10 January and the deadline for submitting an electronic offer is 06 February. The Ministry of Railways has established the Rail Property Development Authority (RLDA) as a statutory body in charge of railway land development. RLDA's development strategy includes four main mandates: colony redevelopment, station redevelopment, leasing of commercial lands and multi- functional complexes.

“The land parcel located near Bijwasan is an ideal location for residential development in the heart of the national capital. The city has always been the most sought-after residential destination for homebuyers; however, in recent decades, the market has been dominated by individual dwellings ranging from bungalows to independent floors,” said Ved Parkash Dudeja, Vice Chairman, RLDA.

“New Railway passenger terminal is being developed adjacent to this land parcel, which will attract huge footfall in the area. The proposed land parcel will provide developers with a one-of-a-kind opportunity to build a residential / commercial project to meet the rising demand for premium real estate property in New Delhi,” he added.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..