RAILWAYS

Rail Land Development Authority invites bids for commercial development at Abu Road, Rajasthan

The Rail Land Development Authority (RLDA) has invited bids for leasing a land parcel for commercial development at Abu Road in the Sirohi district of Rajasthan.

The parcel spans 1649. 40 sqm and falls under the North Western Railway Zone. It has a built-up area ratio of 2.0 (BUA – 3298.80 sq.m) and a reserve price of Rs 5.18 crore. The land will be leased out for 45 years.

“Abu Road is the gateway to Mount Abu- a renowned tourist destination. 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 Ved Parkash Dudeja, Vice Chairman, RLDA.

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.

Rail Land Development Authority (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.

Source
ET News
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