Railways Offers Over Seven Acres For Commercial Development In Chennai
by Arun Kumar Das - Feb 13, 2021 05:19 AM Southern Railway headquarters at Chennai. (Wikipedia)
Snapshot
Two of the land parcels of 2.5 acres each are in the Ayanavaram Railway Colony, along Konnur High Road and Duncan Road.
Two other land parcels are located at Walltax Road (0.27 Acres) and at Pulianthope (2.09 Acres).
With the real estate projects involving station redevelopment gathering pace, Indian Railways has now undertaken steps to lease out land parcels adjoining rail premises in a big way.
Rail Land Development Authority (RLDA) has invited bids for leasing four land parcels cumulatively spanning 7.36 acres at an estimated cost of nearly Rs 65 crore in Chennai.
RLDA invites online bids for leasing four land parcels in Chennai ANI | Updated: Feb 12, 2021 11:37 IST
New Delhi [India], February 12 (ANI): Rail Land Development Authority (RLDA) on Thursday invited online bids for leasing four land parcels cumulatively spanning 7.36 acres in Chennai for the period of 45 years.
According to RLDA, two of the land parcels of 2.5 acre each are at Ayanavaram Railway Colony along the Konnur High Road and Duncan Road while two other land parcels are located at Waltax Road measuring 0.27 acre and at Pulianthope 2.09 acre. Chennai has emerged as a real estate hotspot due to the growth of the IT/ITes sector, infrastructural developments and conducive policy landscape over the past few years. These sites possess excellent location and connectivity. The real estate development at these sites will bolster prices, generate employment opportunities and boost the local economy, said Ved Prakash Dudeja, Vice Chairman,
RLDA invites bids for commercial exploitation of four properties in Chennai
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The Rail Land Development Authority (RLDA) is opening up more parcels of vacant land for commercial development in the city in order to generate revenue for the Railway Ministry.
In the latest land parcels, the RLDA proposes to lease out a total of seven acres of land parcels located in various parts of the city for 45 years. According to a press release, the land parcels are available for commercial development in four sites on Wall Tax Road, Pulianthope, and Ayanavaram Railway Colony.
Two sites measuring 2.5 acres each would be available in the Ayanavaram railway colony, a vacant plot of land measuring more than 2 acres in Pulianthope and one on Wall Tax Road.
Rail land authority invites bids for developing 4 land parcels in Chennai
February 11, 2021
The unlocking of value of real estate assets, especially in the office segment, will provide growth capital for the sector
The unlocking of value of real estate assets, especially in the office segment, will provide growth capital for the sector×
The Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways responsible for developing Railway land, has invited online bids for leasing four land parcels cumulatively spanning 7.36 acres in Chennai.
Two of the land parcels of 2.5 acres each are in the Ayanavaram Railway Colony, along Konnur High Road and Duncan Road. Two other land parcels are located at Walltax Road (0.27 acres) and at Pulianthope (2.09 acres). The parcels shall be leased out for 45 years.
RLDA invites online bids for leasing 7.36 acre land in Chennai
By IANS |
Published on
Thu, Feb 11 2021 17:42 IST |
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Indian Railways freight loading.. Image Source: IANS News
Chennai, Feb 11 : The Rail Land Development Authority (RLDA) has invited online bids for leasing four land parcels, cumulatively spanning 7.36 acres, in Chennai for a period of 45 years.
According to RLDA, two of the land parcels of 2.5 acre each are at Ayanavaram Railway Colony along the Konnur High Road and Duncan Road while two other land parcels are located at Waltax Road measuring 0.27 acre and at Pulianthope - 2.09 acre.
RLDA Vice Chairman Ved Prakash Dudeja said Chennai has emerged as a real estate hotspot due to the growth of the IT/ITes sector, infrastructural development and conducive policy landscape over the past few years. These land parcel sites possess excellent location and connectivity. The real estate development at these sites will bolster prices, generate e