Indian Railways to raise funds via land lease near Howrah station

16 Jul 2021 CW Team

Officials told the media that the 88,300 sq m land parcel, which is located along the Hooghly riverbank, will be auctioned with a reserve price of Rs 448 crore.

The 88,300 sq m land parcel is located along the Hooghly river bank and will be auctioned off with a reserve price of Rs 448 crore.

During the pre-bid meeting, the initial feedback from local developers was positive. Bids must be submitted by the 29th of August.

The Rail Land Development Authority (RLDA) is a statutory body that oversees the development of railway land under the Ministry of Railway.

Its development plan includes four key mandates—commercial leasing, colony redevelopment, multi-functional complexes and station redevelopment.

RLDA Vice-Chairman Ved Parkash Dudeja told the media that Howrah is in West Bengal's thriving commercial centre. Salt Golah's land is suitable for both residential and commercial development. There are also opportunities to develop water sports facilities.

Golabari Ghat and Ratnakar School border the site on the north, Signal Workshop and Railway Printing Press on the south, the Hooghly River on the east, and Salkia School Road on the west.

Officials said that the lessee will be given limited marketing rights and will be required to develop the site within 10 years. Around 43,000 hectares of vacant land are owned by Indian Railways across the country.

RLDA is currently working on 84 railway colony redevelopment projects and has just leased three railway colonies for redevelopment in Guwahati and Secunderabad.

RLDA has over 100 commercial (greenfield) sites for lease throughout India.

Image Source

Also read: RLDA floats tender to lease vacant land parcel in Guwahati

Also read: RLDA to invite bids to lease land in Chennai

As the national transporter looks to raise funds, officials announced on Thursday that prime railway land near the iconic Howrah station will be offered on a 99-year lease for residential and commercial development. Officials told the media that the 88,300 sq m land parcel, which is located along the Hooghly riverbank, will be auctioned with a reserve price of Rs 448 crore. The 88,300 sq m land parcel is located along the Hooghly river bank and will be auctioned off with a reserve price of Rs 448 crore. During the pre-bid meeting, the initial feedback from local developers was positive. Bids must be submitted by the 29th of August. The Rail Land Development Authority (RLDA) is a statutory body that oversees the development of railway land under the Ministry of Railway. Its development plan includes four key mandates—commercial leasing, colony redevelopment, multi-functional complexes and station redevelopment. RLDA Vice-Chairman Ved Parkash Dudeja told the media that Howrah is in West Bengal's thriving commercial centre. Salt Golah's land is suitable for both residential and commercial development. There are also opportunities to develop water sports facilities. Golabari Ghat and Ratnakar School border the site on the north, Signal Workshop and Railway Printing Press on the south, the Hooghly River on the east, and Salkia School Road on the west. Officials said that the lessee will be given limited marketing rights and will be required to develop the site within 10 years. Around 43,000 hectares of vacant land are owned by Indian Railways across the country. RLDA is currently working on 84 railway colony redevelopment projects and has just leased three railway colonies for redevelopment in Guwahati and Secunderabad. RLDA has over 100 commercial (greenfield) sites for lease throughout India. Image Source Also read: RLDA floats tender to lease vacant land parcel in Guwahati Also read: RLDA to invite bids to lease land in Chennai

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..