+
RLDA to invite bids to lease land in Chennai
Real Estate

RLDA to invite bids to lease land in Chennai

The Rail Land Development Authority (RLDA) is set to invite e-bids for leasing seven land parcels for commercial development in Chennai.

Besides inviting bids for the seven land parcels, a request for proposal (RFP) for the redevelopment of the Egmore railway colony will also be invited.

According to RLDA, three out of the seven identified land parcels are situated at the Ayanavaram site, and the opening date for the bids of the three land parcels is 24 August 2021. The fourth land parcel is at Waltax road site across 1,116.67 sq m, and the reserve price is kept at Rs 4.19 crore for 45 years lease period. The last date for the submission of online bids for the Waltax road site is 12 August.

The fifth land parcel is at the Pulianthope site across 2.09 acres at a reserve price of Rs 11.60 crore for a lease period of 45 years.

Another land parcel is at the Victoria Crescent site, surrounded by high-end institutional and residential areas. The reserve price for this land parcel is kept at Rs 41 crore for a lease period of 99 years. The bids have been invited, and the opening of the bids for this site is on 2 September.

The Egmore Railway colony is a location for retail, commercial, and hotel development. The site area is around 3.616 acres, available for a lease period of 45 years.

The leasing of these sites will be mandated to and complete the development portion within ten years. The winning bidder is to procure all the necessary clearances, and carry out the development according to the local building by-laws. The Lessee have the right to market and sub-lease the build-up area for any lawful activity.

Image Source


Also read: Mumbai's Supari Baug colony to be redeveloped by RLDA

Also read: RLDA plans to monetise 16 land parcels of Rs 1904 crores

The Rail Land Development Authority (RLDA) is set to invite e-bids for leasing seven land parcels for commercial development in Chennai. Besides inviting bids for the seven land parcels, a request for proposal (RFP) for the redevelopment of the Egmore railway colony will also be invited. According to RLDA, three out of the seven identified land parcels are situated at the Ayanavaram site, and the opening date for the bids of the three land parcels is 24 August 2021. The fourth land parcel is at Waltax road site across 1,116.67 sq m, and the reserve price is kept at Rs 4.19 crore for 45 years lease period. The last date for the submission of online bids for the Waltax road site is 12 August. The fifth land parcel is at the Pulianthope site across 2.09 acres at a reserve price of Rs 11.60 crore for a lease period of 45 years. Another land parcel is at the Victoria Crescent site, surrounded by high-end institutional and residential areas. The reserve price for this land parcel is kept at Rs 41 crore for a lease period of 99 years. The bids have been invited, and the opening of the bids for this site is on 2 September. The Egmore Railway colony is a location for retail, commercial, and hotel development. The site area is around 3.616 acres, available for a lease period of 45 years. The leasing of these sites will be mandated to and complete the development portion within ten years. The winning bidder is to procure all the necessary clearances, and carry out the development according to the local building by-laws. The Lessee have the right to market and sub-lease the build-up area for any lawful activity. Image Source Also read: Mumbai's Supari Baug colony to be redeveloped by RLDA Also read: RLDA plans to monetise 16 land parcels of Rs 1904 crores

Next Story
Resources

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement