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Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for lease of Commercial Development on of vacant land parcel located on south of east station building at Nellore along Kovvur-Nellore Road. The Proposed land parcel with an approximate area of 4296.52 Sqm will be leased out for 45 years and the reserved price of the land is INR 9 Crore. The online pre-bid meeting, which was held on January 8, 2024 at 11:30 hrs, has already witnessed keen interest being expressed by leading developers from across the nation. The last date for submission of e-bid is January 25, 2024 up to 15:00 hrs.
Known for its strategic location along the coastline of the Bay of Bengal, Nellore is located in the southern part of the Indian state of Andhra Pradesh and serves as the headquarters of the Nellore district and is situated on the banks of the Penna River.
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.
During the current Financial Year, RLDA has leased out various sites which is situated at Waltax Road & Ayanavaram (Chennai), Ajmer, Udaipur, Kota & Sawai Madhopur (Rajasthan), Bijwasan and Sewa Nagar & Lodhi Colony (Delhi), Solapur (Maharashtra), Old Howbagh Station (Jabalpur), Gomti Nagar (Lucknow), Naliapool Railway Colony (Dibrugarh) and Old Station Colony (Dhanbad) for a cumulative lease premium of Rs. 2504 Crore including Railway assets valuing approx. of Rs. 153.75 Crore to be developed in Sewa Nagar & Lodhi Colony (Delhi), Ayanavaram (Chennai), Old Station Colony (Dhanbad) and Naliapool Railway Colony (Dibrugarh).
