Bids Invited For Commercial Development Of Railway Land In Andhra Pradesh

    Date:

    Share post:


    Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the Commercial Development of a land parcel adjacent to NH-69 (Kadapa Chittoor Highroad) in the vicinity of Chittoor Railway Station, Andhra Pradesh.

    The land parcel to be leased has an approximate area of 2670.00 sqm and a reserve price of Rs 9.60 crore. It will be leased for 60 years. The Built-up area is approximately 5452.00 sqm.

    Land Parcel Snapshot
    Site DescriptionCommercial Development of a vacant land parcel in the vicinity of Chittoor Railway Station, Andhra Pradesh.  
    Land Area2670.00 Sqm
    Built -up area offered  5452.00 sqm
    Reserve Price (Rupees)9.60 Cr
    Last date of submission of e-bid23.09.2024 up to 15:00 hrs.

    Connectivity

    • The site is strategically located just 150 meters west of the Chittoor Railway Station, providing convenient access to the station. It is well-connected via the existing NH-69 (Kadapa Chittoor Highway), which has a current road width of 11 meters, and the station approach road, which is 10 meters wide. According to the Master Plan, the proposed width of the Chittoor High Road is set to be expanded to 30 meters, enhancing connectivity further.
    • The development site falls within the jurisdiction of the Chittoor Municipal Corporation (CMC) and is also under the purview of the Chittoor Urban Development Authority (CHUDA). The city of Chittoor is not only accessible by rail and road but also by air, with Tirupati Airport located just 82 kilometres away from the site.
    • The western side of the site offers primary access through NH-69 (Kadapa Chittoor Highway) and the 10-meter-wide approach road. The City Master Plan for Chittoor has proposed widening this main access road to 30 meters, significantly improving accessibility and development potential for the site.

    Site Potential

    • Sites strategically located near the railway station are ideal for commercial development. These developments can significantly boost the local economy and create employment opportunities.
    • The site enjoys excellent connectivity to different parts of the city. The site is being offered on a 60-year lease for various commercial activities, with planned usage comprising 40% retail, 20% office space, and 40% budget hotel. These developments will adhere to the Development Control Regulations (DCR) of the Chittoor Urban Development Authority or the relevant Local Development Authority Control Norms.

    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:

    Related Posts

    Latest posts

    ANAROCK Reports Rise in Home Prices Across Top 7 Cities in H1 FY25

    In H1 FY2024, avg. ticket size of homes sold across top 7 cities was approx. INR 1 Cr Approx....

    Subway Opens 850th Outlet at Elan Miracle Mall

    Subway, the world-renowned quick-service restaurant chain, reached a significant milestone today with the grand opening of its 850th...

    Land Acquisition for ‘New Noida’ Project Begins

    The development of a new city in the National Capital Region (NCR) has taken a significant step forward...

    Equity Investments in Indian Real Estate to Exceed $10bn in 2024

    Equity investments in the Indian real estate sector are poised to exceed $10 billion in 2024, driven by...