Bids invited for lease of railway land

11 Dec 2020 Editorial Team

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

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..