RLDA invites bids for leasing land parcel in Amravati for commercial development

It has a proposed Built-Up Area of 11088 sq m. utilising permissible Floor Space Index (FSI) of 1.10. The reserve price for the plot to be leased out for 45 years is Rs.25.0 crores.

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RLDA invites bids for leasing land parcel in Amravati for commercial development
RLDA invites bids for leasing land parcel in Amravati for commercial development
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Amravati, Maharashtra (Metro Rail News): Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways, has floated a Request for Proposal (RFP) for leasing a railway land parcel in Amravati for commercial development. Spanning across 10,080 sq. m., the land parcel is located in the vicinity of the Amravati railway station in a Commercial hub comprising Irwin Square to Malviya Chowk, railway station road, and the road leading to the Dafrin Government Hospital, as spokes of connectivity. It has a proposed Built-Up Area of 11088 sq m. utilising permissible Floor Space Index (FSI) of 1.10. The reserve price for the plot to be leased out for 45 years is Rs.25.0 crores. The online pre-bid meeting will be held on 9th June 2021, and the deadline for bid submission is 23rd July 2021.

The property is on one of the city’s busiest arterial roads and is accessible from the roads connecting Morshi and Walgaon. The property is situated at Irwin square, which also houses the State Government General Hospital and enjoys excellent access, frontage and visibility. It is well-connected to prominent landmarks such as Central Bus Stand, market, Collector Office, Dist. Court, Amravati Zilla Parishad Office, Municipal Corporation & Govt. Central Hospital, etc.

“Amravati is the second-largest city and an industrial hub in Vidarbha, Maharashtra. The land parcel is bounded by Amravati Railway Station on one side and Major Roads on other sides and enjoys excellent connectivity to the prominent landmarks of the city. The proposed commercial development on the site will boost real estate, retail and tourism and have a multiplier effect on socio-economic development, Also, in view of the expected government push for the health sector, the site is especially suited for a Multi-Specialty Hospital ” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA.

RLDA will select developer through a competitive & transparent e-bidding process. The bidding process will be carried out in an online single Stage Bid (two cover) system. The lessee shall be required to complete the construction of the project of the developer portion within ten years. The Selected Bidder shall carry out the development as per local building bye-laws. He/She will bear the risk, cost, expense, and charges and procure all the applicable permits and arrange to design, finance, construct and develop the site. The bidder will be permitted to market and sub-lease Built-Up Area for legal activities.

Amravati is situated on the confluence of major regional roads and is well-connected to important cities like Mumbai, Nagpur, Pune, Nashik, Indore, Bhopal and Hyderabad. National Highway No. 6 (Mumbai – Kolkata) passes through Amravati and further connects to important centres throughout India. It is also called the cultural capital of the Vidarbha region and is regarded as an abode of Lord Indra. Amravati Railway Station is situated on the Howrah-Nagpur -Mumbai line and falls under the Bhusawal Division of the Central Railways.

Rail Land Development Authority (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.

Indian Railways has approximately 43,000 hectares of vacant land across India. RLDA is currently handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment. RLDA has over 84 commercial (greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bid process.

RLDA is also currently working on 60 stations in a phased manner while its subsidiary, IRSDC has taken up another 63 stations. In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, Cuttack and Puducherry for redevelopment. The railway stations across India will be redeveloped on a PPP Model as a part of Smart City Projects launched by the Government of India.

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