New Delhi:
Rail Land Development Authority (RLDA) has invited bids for lease of commercial development on a vacant land parcel located in Dharmavaram along the Station Road, Andhra Pradesh, a media release said.
The proposed land parcel with an approximate area of 14,164.50 Sqm will be leased out for 45 years and the reserved price of the land is Rs 9.1 crore.
The land parcel is located on the approximately 15 m wide station road, adjacent to the Chennai- Anantapur Highway (NH-716) The site falls under the Ananthapuramu Hindupur Urban Development Authority.
The online pre-bid meeting, which was held on January 5 last witnessed keen interest being expressed by leading developers from across the nation.
The last date for submission of e-bid is January 22, 2024.
Dharmavaram, a city in the Anantapur district of Andhra Pradesh,is renowned for its unique economic prospects and cultural significance.
The city is particularly famous for its thriving handloom industry, specializing in the production of silk sarees, which are highly sought after for their exquisite craftsmanship, vibrant colours, and intricate designs.
RLDA vice-chairman Ved Parkash Dudeja said, the land is strategically located and has immense development potential.
RLDA , a statutory authority under the Ministry of Railways.
Duringthe current Financial Year, 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)
