RFPs invited for Raj railway land lease
Real Estate

RFPs invited for Raj railway land lease

Rail Land Development Authority (RLDA) has floated an online request for proposal (RFP) for leasing a vacant land parcel for commercial development at Sawai Madhopur, Rajasthan. The site is situated near GRP thana, platform 1 side of Sawai Madhopur railway station.

The lessee will be mandated to carry out the development as per local building by-laws and shall procure all necessary clearances for the development as per their site plan. They will be permitted to market and sub-lease the built-up area for any lawful activity.

The parcel spans 4,000 sq m with permitted built-up area (BUA) of 8,000 sq m.

The reserve price for the land parcel is fixed at Rs 13.50 crore for a lease period of 45 years. The online pre-bid meeting was held by RLDA earlier this month, and was attended by a number of developers from Rajasthan and nearby states.

The deadline for the online bid submission is 11 February 2021.

RLDA’s news release states that the location on the anvil has connectivity to different parts of the city through the road network. The site is bounded by a private house, shops and railway quarters in the north, vacant land and railway buildings in the east, a railway station in the south and GRP thana in the west. It is home to Ranthambore National Park- a UNESCO World Heritage Site, thereby attracting tourist traffic.

Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways, for the development of vacant Railway land. It has four key mandates as a part of development:

  1. Leasing of commercial sites
  2. Colony redevelopment
  3. Station redevelopment
  4. Multi-functional Complex development

The Indian Railways holds approximately 43,000 hectares of vacant land across India. RLDA has over 84 commercial (greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bid process. RLDA is currently working on 62 stations in a phased manner while its subsidiary, IRSDC has taken up another 61 stations. The railway stations across India will be redeveloped on a PPP Model as a part of Smart City Projects launched by the Government of India. RLDA is currently also handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.

Image: Map showing the location of the site in Sawai Madhopur.

Also read: RLDA is developing 62 stations on PPP mode: VC

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