50 LDA plots, 2 complexes on e-auction
According to LDA officials, 252 square metre plots located in Sector-G near Gau Ghat, adjacent to the Green Corridor, have been put up for auction for the first time.
The base rate was fixed at Rs 32,955 per sqm.
These plots, with an estimated collective value of Rs 310 crore, were planned in a prime residential area. Additionally, several high-value properties identified through a land audit were also included. A 2.5-hectare plot near SSB in Gomti Nagar Extension, valued at nearly Rs 100 crore, was selected for e-auction. Commercial and nursing home plots in Vishal Khand, Gomtinagar, measuring 1800 sqm, have also been listed.
Two multi-storey commercial complexes constructed earlier by the authority have been put up for sale. The five-storey Ratan Khand complex (6729.6 sqm) was valued at Rs 87 crore, while the Mansarovar complex (1586.43 sqm) was valued at Rs 15.27 crore. Both were included in the current auction. Officials have been asked to prepare plans for high-rise residential buildings on LDA-owned land near Balu Adda (4200 sqm) and Bhadeva in Aishbagh (5000 sqm), which were identified through the same land audit process.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
25 minutes ago
- Business Standard
Delhi to receive Rs 600 cr Central funds under special assistance scheme
Delhi will receive Rs 600 crore from the Central government under a special assistance scheme for Union Territories, said an official statement on Thursday. Delhi Chief Minister Rekha Gupta said the funds will be used to accelerate development projects across the city, including initiatives for traffic management, drainage, green energy and waste management. Gupta met Union Finance Minister Nirmala Sitharaman and briefed about the progress of various ongoing schemes and future requirements, and highlighted how effective transformations are taking place in the capital with the support of the Central government, the statement said. Sitharaman shared details about the Special Assistance to States/UTs for Capital Investment (SASCI) scheme, under which the Delhi government will receive Rs 600 crore in special financial assistance by the end of this month, it quoted Gupta as saying. The chief minister mentioned that a proposal for this allocation will soon be sent to the Ministry of Finance. Gupta said the Union Finance Minister assured full and continued support from the Centre towards the development of Delhi. "Delhi is not just the capital of the country, but also the cultural, administrative and economic hub of India. Its planned development and good governance should serve as a model for all," she said, adding that the government is consistently working in this direction so that Delhi residents receive all the facilities they rightfully deserve. Expressing gratitude to the Union Finance Minister for her positive outlook and cooperative approach, Gupta said the people of Delhi are witnessing the direct benefits of the collaborative efforts between the Central and state governments. She assured that the SASCI scheme will be implemented effectively and that every effort will be made to transform Delhi into a world-class capital city. Senior officials from both the Finance Ministry and the Delhi government were present during the meeting. The chief minister also emphasised that this meeting was not only crucial for accelerating the development of Delhi but also a prime example of cooperative federalism in action. The SASCI scheme was launched in 2020-21 in response to the economic revival required after the Covid-19 pandemic. It aims to provide interest-free loans for 50 years to states and Union Territories to support capital expenditure. The scheme promotes infrastructure development, employment generation and sustainable growth, and enables states to become active partners in the nation's overall development by equipping them with financial resources, reforms and capital capabilities.
News18
28 minutes ago
- News18
EQT completes acquisition of Niwas Housing Finance, pays Rs 1,750 cr for buy
New Delhi, Jul 17 (PTI) Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd. Following the acquisition, EQT will invest Rs 500 crore as growth capital to support geographic expansion and enhance digital capabilities of Niwas Housing Finance, a joint statement said. This transaction valued at Rs 1,750 crore marks a significant milestone in Niwas' journey as it expands its presence across India. Founded in 2017, Niwas provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 47,000 low-income homeowners and small businesses, it said. Niwas has AUM (asset under management) of over Rs 3,000 crore as of March 31. 2025, comprising granular, retail, and secured loans. India's Rs 30 lakh crore-plus housing finance market presents a compelling long-term opportunity, driven by urbanisation, rising middle-income households, and strong government support for affordable housing, it said. 'The sector has shown resilience across economic cycles and plays a critical role in advancing financial inclusion. Niwas is well-positioned to serve this demand and will benefit from EQT's in-house digitalisation expertise, network of industry advisors, and expertise in go-to-market strategies. Last year in September, EQT had announced that the BPEA Mid-Market Growth Partnership has agreed to acquire a 100 per cent stake in Indostar Home Finance for Rs 1,750 crore (USD 210 million). PTI DP HVA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 17, 2025, 22:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
29 minutes ago
- News18
Tata Motors-owned Jaguar Land Rover to cut hundreds of managerial roles in UK
London, Jul 17 (PTI) Tata Motors-owned Jaguar Land Rover (JLR) on Thursday confirmed plans to cut hundreds of managerial roles as part of a 'limited" voluntary redundancy programme, which it says is aimed at better aligning its leadership workforce with the luxury car brand's business strategy. The UK-based car manufacturer, which has been under pressure from US President Donald Trump's tariff wars, welcomed the recent trade deal that eases some pressure on its automotive exports to the American market. However, the latest figures released last week had revealed a drop in sales in the April to June quarter which had witnessed a temporary pause in shipments to the US amid high tariffs of 25 per cent on cars. 'JLR regularly offers eligible employees voluntary redundancy (VR) programmes," a JLR spokesperson said. 'Through this limited UK VR programme for managers, JLR is aligning its leadership workforce for the business's current and future needs. We are grateful to the government for delivering at speed the new UK-US trade deal, which gives us the confidence to invest GBP 3.5 bn per annum to realise our strategy which is delivering," the spokesperson said. The number of jobs set to be hit is estimated at around 500 amid high American tariffs which were cut to 10 per cent under the US-UK trade agreement, a rate only covering cars made in the UK. The trade deal terms also cap total annual car exports to the US at 100,000 models, with the higher rate applying to any vehicles crossing that mark. It comes as JLR ceased production of most Jaguar models ahead of a complete relaunch expected next year. In November 2024, the carmaker unveiled a bold rebrand featuring a pink concept car and replacing its big cat logo with a capital J. Meanwhile, the company revealed on Thursday that it is collaborating with smart electric vehicle (EV) charging software platform to support efforts to make charging more 'sustainable and affordable". JLR said it is running a pilot scheme in the UK to test the integration of software using 10 electric Jaguar I‑PACE models. 'Together, we are designing and deploying a smart charging solution that will meet our luxury clients' expectations. It will support the transition to electrification through the efficient use of energy, with a view to reducing pressure on the grid and lowering costs for users," said Swarna Ramanathan, JLR Chief Strategy Officer. It forms part of a wider 'Reimagine' strategy which aims to transform the business to become carbon net zero across supply chain, products, and operations by 2039. Electrification is central to this strategy which will see all brands have a pure electric model and Jaguar entirely electric before the end of the decade. PTI AK MR MR view comments First Published: July 17, 2025, 18:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
