RLDA invites online bids for land parcel in Nizamabad
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,
Nizamabad: The Rail Land Development Authority (RLDA) has invited online bids for commercial development of a railway land parcel in Nizamabad district.
Spanning across 2204.96 square metres, the site is situated in the Hyderabad Division of South Central Railway and is surrounded by commercial and semi-commercial development. It is easily accessible from the railway station and Nizamabad main bus stand. The reference built-up area of the site is 6,173.89 square metres and its reserve price is Rs.3.95 crore. The land will be leased out for 45 years. The online pre-bid meeting will be held on June 3 and the deadline for the bid submission is July 26.
The site is located in a densely populated commercial area adjacent to Nizamabad bus depot, abutting an 18 metre wide road. Surrounded by the Nizamabad railway station, it is bounded by vacant railway land in the north and east, a master plan road in the south and Telangana State Transportation Corporation bus stand in the west, according to a press release.
Nizamabad is a fast-developing urban agglomeration in Telangana. Located in the heart of the city, the site lies in the vicinity of Government Medical College and is well-connected to prominent landmarks such as Khanapur Industrial Estate with an excellent road network.
The planned commercial development, such as a retail space, hypermarket or a budget hotel will be the first-of-its-kind on the site that will boost real estate, tourism and investment potential of the region. In view of the expected government push for the health sector, the site can also be put to use for a multi-specialty hospital,” said Ved Parkash Dudeja, Vice Chairman, RLDA.
The selected bidder will be mandated to carry out the development as per local building bylaws and bear all expenses to procure the necessary clearances and approvals from the relevant authorities. The concessionaire will be permitted to market and sub-lease built-up area for any lawful activities.
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 of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
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