RLDA plans to monetise 16 land parcels of Rs 1904 crores

Rail Land Development Authority (RLDA) has called for bids for leasing out as many as 16 land parcels across India. The Authority is aiming at revenue generation of approximately Rs 1904 crores through monetisation of these land parcels. Prominent amongst these 16 sites currently offered for bidding are Lucknow Railway Station Redevelopment, Ramgarh Tal Colony (Gorakhpur), Land parcel at Gomti Nagar (Lucknow), Land parcel near Moula Ali Flyover (Secunderabad), Boulevard Road Colony (Delhi) and land at Salt Golah (Howrah). Due to their marketability and exclusive locations which make them eminently suitable for commercial and residential development. “These land parcels are strategically located in important cities across India and hold tremendous potential for residential and commercial development. RLDA will lease out these land parcels to prospective developers who will be mandated to develop these sites in line with local bye-laws. These sites offer tremendous growth opportunities for investors and developers. Once completed, these sites will lead to economic development, employment generation and boost real estate prospects of the respective regions,” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA. Taking the catastrophic effect of the pandemic in its stride, RLDA is targeting revenue generation of Rs 2000 crore for the Indian Railways in 2021-22, up from INR 352 crore in the previous year. Indian Railways has approximately 43,000 hectares of vacant land across India. RLDA is currently handling 84 commercial (greenfield) sites and 84 railway colony redevelopment projects across India for leasing and the eligible developers for each will be selected through an open and transparent bidding process. RLDA is also mandated with the redevelopment of railway stations and is currently working on 60 Railway stations in a phased manner while its subsidiary, IRSDC, has taken up another 63 Railway stations PAN India. Detailed description of the land parcelsS.No.Name of the SiteStateReserve Price(Rs. Crore)AreaDevelopment Type1.        Land at Beawer Road- AjmerRajasthan40.008960 Sqm.Commercial Development2.       Sawai MadhopurRajasthan13.504000 Sqm.Commercial Development3.       Land at Pulianthope, ChennaiTamil Nadu11.602.09Residential4.       Land at Waltax Road ChennaiTamil Nadu4.191116.67 Sqm.Commercial Development5.       Lucknow Railway Station RedevelopmentUttar Pradesh556.812.23 acre Commercial LandRedevelopment of Railway Station and Commercial Development6.       Ramgarh Tal Colony and Railway Colony Redevelopment at Bauliya Colony GorakhpurUttar Pradesh71.5032011 Sqm.Residential Development with Construction of Railway Transit Suites7.       Commercial Development and Redevelopment of Railway Colony at Vasundhara Old Loco Railway Colony VaranasiUttar Pradesh24.0015161 Sqm.Commercial Development and Redevelopment of Railway Colony8.       Railway Land, Pocket-F in Vibhuti Khand, Gomti Nagar, LucknowUttar Pradesh118.006.86 AcresResidential Development9.       Land parcel at Bhavnagar Western RailwayGujarat9.704969 Sqm.Residential Cum Commercial Development10.    Commercial land in the Vicinity of Amravati Railway StationMaharashtra25.0010080 Sqm.Commercial Development11.     Commercial land at NizamabadTelangana3.952204.96 Sqm.Commercial Development12.    Land Parcel near Moula Ali Flyover in Secunderabad, TelanganaTelangana86.0021.51 AcreCommercial Development13.    Boulevard Road Railway ColonyNew Delhi3932.18 HaRailway Colony Redevelopment14.    Land parcel at Ambari, Guwahati, Northeast Frontier RailwayAssam69.909488.22 Sqm.Residential Cum Commercial Development15.    Land Parcel A- Shri Mata Vaishno Devi Katra Railway StationJammu & Kashmir14.187521.45 Sqm.Commercial DevelopmentLand Parcel B- Shri Mata Vaishno Devi Katra Railway Station14.977831.23 Sqm.16.    Land at Salt GolahWest Bengal448.0088300 Sqm.Commercial DevelopmentTotalRs. 1904 Crore