"Bagmane Group Purchases Rs 1,530 Crore Railway Land in Dwarka"

Dated on: Monday 5th May 2025

Bagmane Group has acquired a 124,000-square-meter parcel of railway land in Dwarka, Delhi, for Rs 1,530 crore, leased from the Rail Land Development Authority (RLDA). The site will be developed into 55% residential and 45% commercial space. The deal followed delays due to tree relocation issues. Located near a new railway passenger terminal, the projects strategic position is expected to boost its commercial appeal. This acquisition forms part of Bagmane’s broader expansion strategy in major cities like Bengaluru, Chennai, and Delhi-NCR, with potential plans for a Real Estate Investment Trust (REIT) listing.