RLDA to invite bids to lease land in Chennai

09 Jul 2021 CW Team

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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..