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Private Sector | Rajasthan - India | PID: 197058
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The Rail Land Development Authority (RLDA) has invited bids for leasing 1649.40 sqm land parcel under the North Western Railway Zone for commercial development at Abu Road in the Sirohi district of Rajasthan. It has a built-up area ratio of 2.0 (BUA – 3298.80 sq.m) and a reserve price of ?5.18 crore and the land will be leased out for 45 years. Abu Road is the gateway to Mount Abu- a renowned tourist destination where the site is located in the vicinity of a local market and is accessible via public transportation. It is well connected to Abu Road Railway Station, a key stop on the Delhi-Ahmedabad railway route. The proposed development will spur real estate, boost retail and commercial growth and generate employment for the local youth, said Vice Chairman, RLDA, Ved Parkash Dudeja, elaborating that the concessionaire will be entrusted with carrying out the development as per local building bye-laws and obtain requisite clearances and approvals from regulatory authorities. The bidder will be permitted to market and sub-lease Built-up Area. RLDA is a statutory authority under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes. Indian Railways has approximately 43,000 hectares of vacant land across India and is currently handling 84 railway colony redevelopment projects and has recently leased out three railway colonies in Guwahati and Secunderabad for redevelopment
| Updated on: 11 - Dec - 2021
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