RLDA plans to lease a land parcel at Rs 108 crore in Ludhiana

03 Jan 2022 CW Team

The Rail Land Development Authority (RLDA) has issued a request for proposals for leasing a vacant land parcel in Ludhiana, Punjab, for the redevelopment of a railway colony.

The site has a total area of 25,257.67 sq m with a leased area of around 21,185.54 sq m.

The proposed location is well connected to the city's major transportation hubs.

Ved Parkash Dudeja, Vice Chairman, RLDA, told the media that Ludhiana is the state's industrial and commercial hub, making it one of the state's most important cities. The proposed redevelopment site is strategically located in other major parts of the state. The RLDA redevelopment project will improve the city's appearance while also providing residents with a better quality of life.

The site will be leased for 99 years at a reserve price of Rs 108 crore, with the prescribed FARs for residential and commercial development being 2.0 and 3.0, respectively.

The site in question is a trapezoidal-shaped plot of land with an average depth of 90 m and a 240 m frontage.

The surrounding area is a well-developed area with a mix of commercial and residential land uses. High-end independent residential bungalows with mixed-use retail development in the north, south, and east, as well as government bungalows in the west, surround it.

There are currently 35 railway staff quarters on the site, as well as a few other utility structures.

The Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways that is responsible for developing railway land. Leasing commercial sites, colony redevelopment, station redevelopment, and multi-functional complexes are among the four key mandates in its development plan.

Image Source

Infrastructure Urban

30 May 2026

Dreamfly Named Among 100 Desi Deeptechs

Dreamfly Innovations has been recognised among the ‘100 Desi Deeptechs’, an initiative by Startup Policy Forum in collaboration with MeitY Startup Hub, Startup India and Indian Institute of Technology Madras. The initiative highlights founders and companies building core technologies critical to India’s long-term growth and self-reliance.The cohort includes startups working across drones and aerospace, defence technology, cleantech, robotics, semiconductors, advanced manufacturing and electric mobility. It aims to bring deeptech founders and policymakers together to strengthen India’s ..

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..