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    REDEVELOP COLONIES

    Redevelopment projects: 8 common mistakes housing societies make when embarking on redevelopment, how to avoid it

    The lure of new, modern flats can land ageing housing societies in big trouble. Find out how to avoid it.

    HDFC bought office space from NBCC for Rs 1,130 crore

    The state-run NBCC (India) Ltd has successfully sold 3.91 lakh square feet of premium office space in South Delhi, fetching a remarkable sum of Rs 1557.51 crore. This substantial transaction is a key step in the company's plans to generate funds for the construction of seven colonies in Delhi. Notably, this sale marks a historic achievement, as it represents the highest sale realization in a single auction since the launch of the World Trade Center (WTC) in New Delhi back in 2017.

    London's historic 70-yr-old India Club set to close amid hotel redevelopment plans

    The India Club, a historic London restaurant with ties to India's struggle for independence, will close its doors due to a hotel redevelopment proposal. Established in 1947 by members of the India League, the club attracted a diverse clientele seeking Indian cuisine and a convivial atmosphere. The closure has sparked sadness among patrons, who appreciate the restaurant's historical ambiance.

    Galaxy Group leases land from RLDA for Rs 356 crore to develop luxury project in Lodhi Colony

    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 invites bids for the redevelopment of Ahmedabad Railway Station

    “As one of the largest cities in the country, Ahmedabad serves as a focal point of economic growth and prosperity. The redevelopment will integrate different modes of transport including High Speed, Metro, BRT and city buses and will serve as a city centre,” said Vice Chairman, RLDA Ved Parkash Dudeja.

    RLDA invites bids for leasing railway land at Dibrugarh

    Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for leasing out 36,458.18 Sqm. of Railway Land at Naliapool Railway Colony Dibrugarh. The reserve price of the land is Rs 31 Crores. The total area of the colony is 50,113.54 Sqm out of which 36,458.18 Sqm. will be leased out for Residential cum Commercial Development for 99 years. The balance area of 11,944.49 Sqm. shall be utilized for redevelopment of existing Railway Colony (168 Units Quarters) at Naliapool Colony Dibrugarh.

    The Economic Times
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