Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has called for bids for leasing out a land parcel of 3.5 acres at Dharmavaram, Andhra Pradesh for commercial development for a lease period of 45 years and for a reserve price of Rs. 9.58 Crore.
The land parcel is located on the approx. 15.0 m wide station Road, adjacent to the Chennai- Anantapur Highway (NH-716) thus making it accessible from all parts of the city. The site falls under the Ananthapuramu Hindupur Urban Development Authority.
Giving information about this development plan, the Vice Chairman of RLDA, Ved Parkash Dudeja, said that the land parcel is strategically located near the Dharmavaran Railway station, which is the primary station serving Dharmavaram, Sri Sathya Sai district. Being one of the major train junctions in Andhra Pradesh, the proposed land parcel with its easy accessibility across the city has immense development potential.
During the current Financial Year, RLDA has leased out Eleven sites at Liluah (Howrah), Nizamabad (Telangana), Waltax Road (Chennai), Egmore (Chennai), Bhopal (MP), Ludhiana (Punjab), Abu Road (Rajasthan), Bhusawal (Maharashtra), Bareilly, Varanasi and Gorakhpur in UP for a cumulative lease premium of Rs. 735 Crore. In addition, Railway assets valuing approx. Rs. 163 Crore shall be developed in Bhopal, Egmore (Chennai), Bareilly and Ludhiana Railway Colonies.
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 commercial sites, colony redevelopment, station redevelopment, and multi-functional complexes.