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 Description | Railway land at Kailash Puram land parcel along NH-16, Visakhapatnam. |
| Area of the site | 19,061 Sqm |
| Built Up Area | 91,403.31 Sqm Residential =54,841.99 SqmCommercial/Other than Residential=36,561.32 Sqm |
| Reserve Price (Rupees) | 170 Cr |
| Last date of submission of e-bid | 19.08.2024 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: