RLDA to develop multi-functional complexes at three railway stations – ET RealEstate

File photo

The Rail Land Development Authority (RLDA) has invited bids for leasing of three sites to develop Multi-Functional Complexes (MFC) at Bellary, Sikar and Bharatpur Railway Stations for 45 years.

The sites are situated in the vicinity of the respective station complexes or fall in the circulating area of the Railway stations.

A combination of a hotel, retail spaces and retail amenities are envisaged to be developed on these MFC sites.

“The sites are strategically located in the vicinity of railway stations and are well-connected to prominent landmarks. The proposed Multi-Functional Complexes at these three railway stations will provide state-of-the-art amenities to passengers and enhance their experience.

The development will provide a fillip to tourism and retail segments and contribute towards the local economy as well. RLDA’s model of development of MFCs also provides opportunities to small investors to invest in commercial spaces having assured footfall near the existing railway stations,” said Ved Parkash Dudeja, Vice Chairman, RLDA.

Sikar Junction, Rajasthan, falls in the North Western Railway zone of the Indian Railways. It handles around 22 trains and 5700 passengers per day. The RMS building lies to the north of the Sikar site. The platform is on the east and the station road is on the west of the plot. The station circulating area lies in the south.

Bharatpur Junction (Rajasthan) falls in the Western Railway zone of the Indian Railways. It handles around 20 pairs of trains and 7000-8000 passengers per day. Bharatpur is well connected to Agra (54 km), Delhi (182 km), Fatehpur Sikri (20 km), Jaipur (174 km), Mathura (36 km) and Sariska (130 km). A lot of environment enthusiasts and bird watchers visit Bharatpur Bird Sanctuary, specially during winter season.

Bellary Railway Station (Karnataka) falls in the South Western Railway zone of the Indian Railways. It handles an average of 32 trains and around 8000 passengers per day. Bellary is well connected by road to different parts of Karnataka, Andhra Pradesh, Maharashtra, and Goa.

The developer will be mandated to complete construction at each site and commission the same within two years. These sites are meant to enhance rail user facilities such as shopping, bookstall, ATM, food stall, medicine, variety store, budget hotel etc. The bidder will be permitted to market and sub-lease Built-Up Area for any legal and lawful activities.

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.

RLDA is currently handling 123 Multi-Functional Complexes and 84 railway colony redevelopment projects. Of these 123 Multi-Functional Complexes, 55 MFCs have already been leased out. 13 MFCs have already been completed and rest are in advance stage of construction. RLDA also has over 84 commercial (greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bidding process.



Source link

RLDA to complete Gomti Nagar railway station redevelopment by Dec 2022 – ET RealEstate

Representative Image

The redevelopment of the Gomti Nagar Railway Station in Lucknow will be completed by December 2022, according to the Rail Land Development Authority (RLDA).

Station redevelopment has two phases – mandatory station development and commercial development with a total construction cost of Rs 190 crore and Rs 170 crore, respectively.

According to RLDA, about 10% of the commercial space has already been booked by retail players.

Presently, out of two commercial towers – Block R1 and Block R2 as a single unit with a combined built-up area of 4,53,000 sq. ft. are being auctioned with some units having been already sold 15-20% above the reserve price.

The station is being jointly redeveloped by Rail RLDA, in partnership with NBCC, on an EPC mode.

“We are enthused by the overwhelming response garnered in the Gomti Nagar project. The redeveloped station will enhance the travel experience, boost tourism and real estate and have a multiplier effect on the local economy. The entire project is slated to be completed by December 2022, while the station is likely to be upgraded earlier” said Ved Parkash Dudeja, Vice Chairman, RLDA.

The Railways has around 38 acres of the land parcel at the Gomti Nagar railway station, out of which eight acres is being utilised for both station redevelopment and retail and commercial development.

The average lease price is pegged at Rs 6,625 per sq ft for Block R1 and Rs 5,900 per sq ft for Block R2. The proposed commercial development of the railway station will be leased for 60 years and is located in the vicinity of luxury apartments, high-end commercial spaces and a five- star hotel.

Gomti Nagar Railway terminus (GTNR) is an under-construction railway station situated on Barabanki-Lucknow Suburban Railway in Lucknow, Uttar Pradesh. It has excellent connectivity to other parts of the city via the main arterial road of the city called Shaheed Path. The property has frontage on the main road of the Vibhuti Khand, Gomti Nagar that is developing rapidly as a commercial and retail hub.

To complement the redeveloped Gomti Nagar station and for efficient utilization of the office and retail space thus generated, RLDA is in advanced stages of bidding out an additional 5.5 acres of land earmarked for residential development on a 99-year lease period.

The residential development will introduce a Walk to Work concept and will be most utilitarian keeping in view recent retail development in Gomti Nagar area.

RLDA and IRSDC are currently working on 123 stations in a phased manner In the first phase, 50 stations such as New Delhi, Mumbai CST, Amritsar, Sabarmati, Gwalior Gomti Nagar, Tirupati, Dehradun, Nellore, Puducherry, Ernakulam Jn. have been prioritized for redevelopment. The railway stations across India will be redeveloped on a PPP Model as a part of the Smart City Project launched by the Government of India.

Rail Land Development Authority (RLDA) is a statutory body 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.

Currently, the Indian Railway has approximately 43,000 hectares of vacant land across India, of which RLDA has over 92 commercial (Greenfield) sites across India for leasing to the eligible developers after selection through an open and transparent e-bidding process. RLDA is currently also handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.



Source link

RLDA floats RFQ for leasing land parcel for residential development in Gorakhpur – ET RealEstate

NEW DELHI: The Rail Land Development Authority (RLDA) has floated a request for proposal (RFQ) for leasing a land parcel for residential development along with the construction of railway transit suites at the premium Ramgarh Tal area of Gorakhpur.

According to RLDA officials, the Ramgarh Tal site spans 32,911 square metre and is located adjacent to the Ramgarh Tal Lake at Mohaddipur.

The RLDA in a statement said that it is primarily a residential-cum-commercial neighbourhood located beside the railway area and Mohaddipur block.

It said that the complete land area of the Ramgarh Tal project is divided into two parts — one part measuring approximately 32,011 square metre shall be available for lease-based residential development on 99 years’ leasehold rights to the selected Lessee or developer and the built-up area (BUA) of the site for residential development is 48,017 square metre, excluding basement or stilt for parking.

RLDA said that the floor area ratio (FAR) of the site proposed for residential development is 1.50 and its reserve price is Rs 71.50 crore.

The other smaller part measuring 900 square metre, is earmarked for mandatory redevelopment of railway transit suites at Ramgarh Tal.

It said that some railway quarters are also to be constructed at Bauliya Colony, Gorakhpur under the colony redevelopment scheme of the Ministry of Railways, being implemented through RLDA.

RLDA further said that the Uttar Pradesh government has issued notification to exempt the railway land in the state from requirements of any amendments in the master plan or the zonal development plan for residential and commercial use subject to the land being developed in harmony with the surrounding areas.

It added that 100 Type-III railway quarters are also to be constructed at Bauliya Railway Colony for which a separate area measuring 13,516 square meter has been earmarked by North Eastern Railways.

The cost of mandatory railway development is estimated at Rs 25.47 crore. The online pre-bid meeting was held on March 16 and was attended by at least 12 developers or architects showing keen interest in bidding for the site. The deadline for the bid submission is May 4, 2021.

RLDA Vice Chairman Ved Prakash Dudeja said, “Gorakhpur is the gateway to Eastern India. The proposed mandatory railway re-development and residential development at Ramgarh Tal Colony and the construction of railway quarters at Bauliya Colony is a great opportunity for the developers to invest in prime property in Gorakhpur.”

Dudeja said that it will also lead to employment generation for the local population.

The RLDA said that the site is bounded by Vindhyavasini park in the east, new Gorakhpur bus station in the West, Ramgarh Tal Lake in the south and railway golf ground in the north.

The office of the Gorakhpur Development Authority, a planetarium, a tourist bungalow and Champa Vihar Park lie in the vicinity.

It said that the lessee will be mandated to develop the site and carry out the mandatory railway redevelopment work as per applicable bye-laws and DCR norms. He or she will bear all costs towards railway re-development works (Mandatory Construction of Railways Assets-5 Transit Suite at RGT and 100 Type-III quarters at Bauliya).



Source link

Railways plans residential tower on Chennai’s Wall Tax road – ET RealEstate

CHENNAI: Railways seems to be betting big on real estate development in the city and is planning to rope in private developers to build apartments and commercial complexes on parcels of land totalling 7.4acres including a residential tower with shops on the ground floor on 1,116sqm land on Wall Tax road near MGR Central railway station.

Rail Land Development Authority (RLDA), which is in charge of monetising railway land, has suggested that the lower floors be for shops while the rest of the floors be for residential apartments on Wall Tax Road. The reserve price of the site is kept at Rs 4.19crore for a lease period of 45 years.The authority has invited bids from developers to build residential-cum-commercial or commercial and residential complexes in other key areas such as Pulianthope and Ayanavaram Railway Colony.

These two land parcels of 2.5 acres each are in Ayanavaram Railway Colony, along Konnur High Road and Duncan Road; two other land parcels are located at Wall Tax Road (0.27 acres) and at Pulianthope (2.09 Acres).

RLDA is hopeful of earning money by developing railway land for commercial use because of the infrastructure growth in Chennai and also because most of the land is located in key areas close to public utilities.

This is the second time RLDA is promoting commercial development of railway property in the city. In September last year, they called for bids for leasing out 3,500sqm land in East Tambaram after a pre-bid meet received good response from investors. The authority was also developing land parcels at Ethiraj Salai and Pulianthope for constructing residential apartments and also a multi-functional complex in Trichy.

Ved Prakash Dudeja, vice-chairman, RLDA, said, “The real estate development at these sites will bolster prices, generate employment opportunities and boost the local economy.”



Source link