Bids Invited For Huge Land Piece At Visakhapatnam

Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the grant of lease for Commercial Development of Railway land (located at Kailash Puram along National Highway (NH) – 16 in Visakhapatnam, Andhra Pradesh.

The development will consist of 60% residential and 40% commercial. The land, with an approximate area of 4.71 acres (19,061 sqm), will be leased for 99 years with a reserve price of INR 170 crore. The Built-Up Area (BUA) offered is 91,403.31 sqm.

Connectivity

• The site, with a frontage of approximately 60 meters, is located at Dondaparthi Village, (FMB) Survey No 11, Seethammadhara Mandal, Visakhapatnam.
• Strategically located, the land parcel is situated next to the Andhra Pradesh Micro Irrigation Project District Office. The site is bound to the north & east by Defence Land, on the south by NH 16 and by a secondary road on the west.

Site Development Potential

• The land parcel has excellent development potential as it is located close to residential areas & educational institutions. Its proximity to the proposed Visakhapatnam Metro Rail Project’s Steel Plant Junction to Kommadi Corridor on NH-16 will provide excellent connectivity to other parts of the city.
  
• Visakhapatnam, popularly known as Vizag, is the largest city in Andhra Pradesh, located on the eastern coast of India. It is a rapidly developing port city in the state of Andhra Pradesh. The city has experienced significant industrial growth, with major industries including steel, petroleum refining, and fertilizers.

About RLDA

­Rail Land Development Authority (RLDA) is a statutory authority under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.  

All interested bidders are requested to regularly visit the following links for time-to-time updates:

• https://www.tenderwizard.in/RLDA

• https://rlda.indianrailways.gov.in/