RLDA invites bids for Delhi Residential and Commercial Development

23 Jun 2023 CW Team

The Rail Land Development Authority (RLDA), an official authority of Indian Railways, has issued a call for bids to develop a residential plot in Sewa Nagar and Lodhi Colony in Delhi.

The entire land area is divided into three sections: Part-A and Part-B in Sewa Nagar, and Lodhi Colony. The total land area measures 43,345.82 square meters, out of which 16,058.40 square meters will be leased for residential development for a period of 99 years.

The remaining approximate area of 27,282.42 square meters in Sewa Nagar Part-B will be utilised for the redevelopment of the existing Railway colony. Part A (Sewa Nagar) and Lodhi Colony will be offered to the developer for commercial development.

The reserve price for the site is Rs 3.55 billion. Currently, there are 278 existing flats, with 202 in Sewa Nagar and 76 in Lodhi Colony.

The Sewa Nagar colony site is a rectangular and flat piece of land divided into parts by the access road.

Ved Parkash Dudeja, Vice-Chairman of RLDA, stated, "Prime areas like Lodhi Colony, Chanakyapuri Diplomatic Enclave, and Golf Links are among the most sought-after locations in the city."

The Rail Land Development Authority (RLDA) is a statutory authority under the Ministry of Railways responsible for the development of railway land. Its development plan includes four key mandates: leasing commercial sites, redeveloping colonies, redeveloping stations, and constructing multi-functional complexes.

During the current financial year, RLDA has leased out various sites, including locations in Waltax Road (Chennai), Ajmer (Rajasthan), Bijwasan (Delhi), Kharagpur, and Solapur (Maharashtra), for a total lease premium of Rs 16.22 billion. This includes railway assets valued at approximately Rs 75.4 million to be developed in Kharagpur Railway Colony.

RLDA has recently awarded the station redevelopment works for CSMT Railway Station on an Engineering Procurement and Construction (EPC) model.

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