The Rail Land Development Authority (RLDA), a statutory body of the Indian Railways, has decided to lease nearly five acres of railway land in this northern Kerala district for commercial development. The authority has invited bids for leasing 4.93 acre of railway land near the Kannur railway station for 45 years. The reserve price for the land parcel is Rs 226 million, and the developers will be given the right to develop commercial infrastructure according to their plans, as well as the redevelopment of the existing railway colony at a separate site made available by the railways, as per reports.
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