Bids Invited For Huge Land Piece At Visakhapatnam

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    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.

    Land Parcel Snapshot
    Site DescriptionRailway land at Kailash Puram land parcel along NH-16, Visakhapatnam.
    Area of the site19,061 Sqm
    Built Up Area91,403.31 Sqm Residential =54,841.99 SqmCommercial/Other than Residential=36,561.32 Sqm
    Reserve Price (Rupees)170 Cr
    Last date of submission of e-bid19.08.2024 up to 15:00 hrs.

    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:

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