The Rail Land Development Authority (RLDA), a statutory body under the ministry of railways, has invited bids for leasing out land parcel measuring 7361sqm for both commercial and residential purposes on the sprawling vacant land close to Patna Junction platform number 10 in loco railway colony area.
The colony falls under the jurisdiction of Danapur division of East Central Railway (ECR). However, the entire site location is likely to be under the jurisdiction of Patna Municipal Corporation (PMC) as per the Patna Master Plan 2031. As per the proposed plan, the vacant land has been divided into two parts for both commercial and residential purposes to fulfil the needs of local people.
According to RLDA Vice-Chairman Ved Prakash Dudeja, the first part of the land measuring about 1846sqm is earmarked for railway redevelopment work and the second part measuring about 5514sqm will be leased out for 99 years for commercial development. Patna Junction premises has areas spreading over in the north end, Mithapur flyover in the west and an auto stand in the south and railways main establishments in the eastern side, he said, adding total construction cost of railway redevelopment works including maintenance is likely to incur about Rs12.40 crore.
However, railways has fixed the reserve price of about Rs 47 crore for leasing out the land. The pre-bidding meeting will be held on January 25 while the deadline for final submission of the bid will be March 7, 2022, Dudeja said, adding that Patna is a fast developing city which has undergone a sea change in infrastructural upgradation during the past five to six years.
