Nagpur: Rail Land Development Authority (RLDA), Indian railroad arm, has invited a bid to rent as many as 16 land parcels throughout India.
This authority aims to produce around RS1.904 Crore income through monetizing this land parcel.
One of these 16 sites that are currently offered for offers including commercial exploitation of railroads at the Amravati train station from which Rdal plans to produce a crore RS25.
Other sites include the rebuilding of the Lucknow Train Station, Ramgarh Tal Colony (Gorakhpur), land parcels in Gomti Nagar (Lucknow), Moula Ali Flyover (Secunderabad), Boulevard Road Colony (Delhi) and land in Salt Gorgan (Howrah).
“Land Parcel is strategically located in important cities throughout India and has the potential to develop housing and commercial.
RLDA will rent this land to prospective developers who will be mandated to develop these sites in line with local bye-laws,” said Ved Parkash Dudeja , Deputy Chairperson, RLDA.
Dudeja added, “These sites offer extraordinary growth opportunities for investors and developers.
After completion, these sites will lead to economic development, labor generation and improve the prospects of real estate from each region.” Take the effect of the pandemic disaster In his steps, RLDA targets RS2,000 Crore’s revenue for Indian trains in 2021-22.
This will be a leap from RS352 Crore in the previous year, said Dudeja.
The authority of the development of railway land is a legal authority under the train ministry responsible for the development of railroad land for commercial use.
It has four main mandates as part of its development plan – Leasing commercial sites, redevelopment of colonies, rebuilding stations and multi-functional complexes.
The Indian train has around 43,000 hectares of vacant land throughout India.
RLDA currently handles 84 Commercial Sites (Greenfield) and 84 rebuilding projects of train colonies throughout the country for leasing and developers who qualify for each will be selected through an open bidding process.
RLDA is also mandated by rebuilding the train station and is currently working on 60 train stations in stages while its subsidiaries, the development of the Indian train station (IRSDC) has taken 63 other Indian Pan stations.