Hyderabad, May 30 :Rail Land Development Authority (RLDA) , a statutory authority under the Ministry of Railways for the development of Railway land, has invited online bids for the commercial development of a railway land parcel at Nizamabad of Telangana.
The online pre-bid meeting will be held on June 3, 2021 and the deadline for the bid submission is July 26, 2021, RLDA said in a release Today.
Spanning across 2204.96 sq.m., the site is situated in the Hyderabad Division of South Central Railway (SCR).
The Built-Up Area of the site is 6173.89 sq. m., and its reserve price is INR 3.95 crore.
The land will be leased out for 45 years.
The planned commercial development, such as a retail space, hypermarket or a budget hotel will be the first-of-its-kind on the site that will boost real estate, tourism and investment potential of the region.
In view of the expected government push for the health sector, the site can also be put to use for a Multi-Specialty Hospital,” said Ved Parkash Dudeja, Vice Chairman, RLDA.
The selected bidder will be mandated to carry out the development as per local building bylaws and bear all expenses to procure the necessary clearances and approvals from the relevant authorities.
The concessionaire will be permitted to market and sub-lease Built-Up Area for any lawful activities.
Nizamabad district is the third-largest city in Telangana and a prominent industrial hub.
RLDA has four key mandates as a part of its development plan, namely leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
Indian Railways has approximately 43,000 hectares of vacant land across India.
RLDA is currently handling 84 Railway colony redevelopment projects and has recently leased out a Railway colony in Guwahati and two colonies in Secunderabad for redevelopment.
RLDA has over 84 commercial (greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bid process.
RLDA is currently working on 60 stations in a phased manner while its subsidiary, IRSDC has taken up another 63 stations.
In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, Cuttack and Puducherry for redevelopment.
The railway stations across India will be redeveloped on a PPP Model as a part of Smart City Projects launched by the Government of India.(UNI)