+
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

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?