RLDA floats tender to lease vacant land parcel in Guwahati

The Rail Land Development Authority (RLDA) has floated a tender to lease vacant land parcel for residential-cum-commercial development at Ambari chowk in Guwahati. The site spans 9,488.22 sq m and is 1.3 km from Guwahati Railway Station. The land parcel has potential for a built-up area of 26,092.61 sq m with a floor area ratio of 2.75 and has a reserve cost of Rs 69.90 crore for a lease term of 99 years. On 25th June, the online pre-bid meeting was set up by RLDA, where 13 local and national developers took part. The lessee will be given the lease rights and right to access the redevelopment land for constructing, designing, financing and vesting of the redevelopment assets. The selected developer will be consigned to obtain required permissions from the local authorities for the construction and will be supported to complete the construction of the developer part according to the local building by-laws in four years. Indian Railways has about 43,000 hectares of vacant land over India. RLDA is currently managing 84 railway colony redevelopment projects and has lately leased out a railway colony in Guwahati for redevelopment. RLDA has over 100 commercial (greenfield) sites across India for leasing, and the eligible developers for every site will be selected through an open and transparent bidding process. Image Source Also read: RLDA to invite bids to lease land in Chennai Also read: RLDA plans to monetise 16 land parcels of Rs 1904 crores