Real estate company Omaxe Group has acquired a parcel of land spanning over 5 acres in Ludhiana, Punjab, for a total of Rs 220 crore. According to Omaxe, the acquisition was made through a competitive bidding process organized by the Rail Land Development Authority (RLDA).
Galaxy group has leased land in Lodhi Colony, South Delhi, for Rs 356 crore from the Rail Land Development Authority, with the developer expected to invest another Rs 1,000 crore constructing flats for railway staff. The project will take approximately six months to master plan and design, with construction scheduled to begin soon after. The entire land area is divided into three parts Part A & Part B (Sewa Nagar) and Lodhi Colony.
RLDA: The entire land area is divided into three parts-, Part-A & Part-B (Sewa Nagar) and Lodhi Colony. The total land area is 43345.82 square metre out of which 16,058.40 square metre will be leased for residential development for a period of 99 years.
Real Estate Players Express Interest In Developing Residential Complex At Railway Land Worth Over Rs 200 Crore In Agra swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.