Rail Land Development Authority (RLDA) has invited online bids for the commercial development of a railway land parcel at Nizamabad, Telangana. The site spanning 2204.96 sqm is surrounded by commercial and semi-commercial areas. The site is located in the Hyderabad Division of South Central Railway near the Railway Station and Main Bus Stand. The land will be leased for 45 years with a referenced Built-Up Area of 6173.89 sq. m., for a reserve price of Rs. 3.95 crores. The bid submission deadline is 18th April 2022.
The location is adjacent to the Nizamabad Bus Depot and stands on an 18 m wide road in the commercial area. The site is bordered by the Nizamabad Railway Station of the South Central Railway to the North and East, the Telangana State Transportation Corporation Bus Stand to the West, and the master plan road to the South.
“One of the fastest-growing urban agglomerations in Telangana, Nizamabad is located in the heart of downtown and the site is within walking distance of the Government Medical College. An excellent road network connects it to prominent landmarks. Commercial developments, such as a retail space, hypermarket, or budget hotel will be the first of its kind on the site and boost the region's real estate, tourism, and investment prospects. In light of the government's plans to push the health sector, the site could also be suitable for setting up a Nursing Home," said Ved Parkash Dudeja, Vice Chairman, RLDA.
Upon selection, the bidder will have the flexibility of carrying out the development as per local building bye-laws. The developer will have the right to market and sublease Built-Up Area for any lawful purpose.
Nizamabad District is located in the north-western region in Telangana, about 171 Km to the north of the state capital- Hyderabad. The city ranks third in Telangana and is a major industrial hub. Rice mills in Khanapur, Spice Park, and the Nizam Sugar Factory are some of the industries in the area. The growth of the local economy will be further strengthened by the proposed IT Tower and Incubation Hub.