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Rail land authority invites bids for developing 4 land parcels in Chennai

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. ....

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RLDA invites online bids for leasing 7.36 acre land in Chennai

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 s ....

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