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Galaxy
Realty firm Galaxy group and Sawasdee group will invest more than Rs 1,000 crore to develop a luxury project at Lodhi Road in the national capital. Noida-based Galaxy group has completed two commercial (office-cum-retail) projects in Greater Noida (West), known as Noida Extension, and is developing many projects in Delhi-NCR. "We have been allotted three plots totalling 43,345 square metres at Lodhi Road by Rail Land Development Authority (RLDA)," Pradeep Kumar Agrawalla, chairman of both Galaxy and Sawasdee groups, told reporters. Out of the total land parcels, he said the company would get around 16,000 square metre to develop residential units for sale purpose, while it will have to develop 278 staff quarters for the RLDA on about 27,000 square metres land. He said the company would develop around 5 lakh square feet of residential properties for sale purpose. "We have to pay around Rs 350 crore to RLDA in instalments," Agrawalla said. He said it would take at least a year to t
Astronomers have discovered a rapidly growing black hole in one of the most extreme galaxies known in the very early Universe, according to a new study. The discovery of the galaxy and the black hole at its centre provided new clues on the formation of the very first supermassive black holes, the researchers from the University of Texas, US, and the University of Arizona, US, said. Using observations taken with the Atacama Large Millimeter Array (ALMA), a radio observatory sited in Chile, the team have determined that the galaxy, named COS-87259, containing this new supermassive black hole is very extreme, forming stars at a rate 1000 times that of our own Milky Way and containing over a billion solar masses worth of interstellar dust, the study said. The galaxy shines bright from both this intense burst of star formation and the growing supermassive black hole at its centre, the study said. The new work is published in the journal Monthly Notices of the Royal Astronomical ...