The Rail Land Development Authority (RLDA) has floated a Request for Proposal (RFP) for leasing a land parcel of 3,700 square meter in East Tambaram in Chennai.
According to the RLDA officials, the land parcel is located along Bharathamadha Street, near Tambaram Sanatorium Flyover and is located just 7 km away from the airport, 3 km from the nearest bus stand and 2 km from Tambaram Railway Station which is the third busiest station and second-largest revenue generator in Chennai.
The reserve price of the site is Rs eight crore.
“It is permitted for uses under Institutional Land Area by CMDA for 45 years. An online Pre-Bid conference was hosted by RLDA on September 14 and elicited exceptionally good response from developers based in Chennai and nearby metros,” an RLDA official said.