+
Bids invited for lease of railway land
RAILWAYS & METRO RAIL

Bids invited for lease of railway land

Rail Land Development Authority (RLDA) has invited bids for grant of lease for the redevelopment of 2.18 Ha of Boulevard Road Railway Colony in New Delhi for 99 years.

An RLDA press release explains:

Purpose: Boulevard Road Railway Colony site will be redeveloped in accordance with Delhi Master Plan-2021 (MPD-2021). The Railway Colony is located along Lala Hardev Sahai Marg / GT Karnal Road near Tis Hazari Metro Station, ISBT Kashmere Gate and Rani Jhansi Flyover, New Delhi.

FSI: As it lies in the upscale bungalow zone of New Delhi, the prescribed FSI for the subject site is 0.75 as per Delhi Master Plan-2021.

Zone: Existing land use of the site as per MPD-2021 is Residential, falling in Zone C.

Area: The leasable land area is 21,800 sq m.

Reserve Price: Rs 393 crore.

Last date of submission of bid: 27 January 2021.

Online pre-bid meeting date: 17 December 2020.

Bid variable, award process: The bid variable for the project is the Upfront Lease Premium that is to be paid in five instalments in four years. The award of lease shall be through a transparent online bid process, wherein the highest Bid fulfilling stipulated technical and financial eligibility criteria shall be considered.

Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways for the development of Railway land. The Indian Railways has approximately 43,000 hectares of vacant land across India of which RLDA has 92 commercial greenfield sites for leasing to the eligible developers.

Also read: We are developing 62 stations leveraging the strengths of the private and public sectors: Ved Parkash Dudeja

Rail Land Development Authority (RLDA) has invited bids for grant of lease for the redevelopment of 2.18 Ha of Boulevard Road Railway Colony in New Delhi for 99 years. An RLDA press release explains: Purpose: Boulevard Road Railway Colony site will be redeveloped in accordance with Delhi Master Plan-2021 (MPD-2021). The Railway Colony is located along Lala Hardev Sahai Marg / GT Karnal Road near Tis Hazari Metro Station, ISBT Kashmere Gate and Rani Jhansi Flyover, New Delhi. FSI: As it lies in the upscale bungalow zone of New Delhi, the prescribed FSI for the subject site is 0.75 as per Delhi Master Plan-2021. Zone: Existing land use of the site as per MPD-2021 is Residential, falling in Zone C. Area: The leasable land area is 21,800 sq m. Reserve Price: Rs 393 crore. Last date of submission of bid: 27 January 2021. Online pre-bid meeting date: 17 December 2020. Bid variable, award process: The bid variable for the project is the Upfront Lease Premium that is to be paid in five instalments in four years. The award of lease shall be through a transparent online bid process, wherein the highest Bid fulfilling stipulated technical and financial eligibility criteria shall be considered. Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways for the development of Railway land. The Indian Railways has approximately 43,000 hectares of vacant land across India of which RLDA has 92 commercial greenfield sites for leasing to the eligible developers. Also read: We are developing 62 stations leveraging the strengths of the private and public sectors: Ved Parkash Dudeja

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code