[ad_1]
New Delhi: Rail Land Development Authority ,RLDAinvites bids for residential development in service city And Lodhi Colony,
The entire land area is divided into three parts – Part A and Part B of Sewa Nagar and Lodhi Colony. The total land area is 43,345 sqm, out of which 16,058 sqm will be given on lease for a period of 99 years for residential development, the RLDA said in a statement. The remaining area of land in Sewa Nagar Part B will be used for redevelopment of the existing railway colony.
It added that Part A (Seva Nagar) and Lodhi Colony would be offered to the developer for commercial development. The reserve price of the site is Rs 355 crore.
The last date for submission of e-bid is 23rd June.
RLDA Vice President Ved Prakash Dudeja said, “Prominent areas such as Lodhi Colony, Chanakyapuri Diplomatic Enclave and Golf Links are among the most sought-after locations in the city. These areas are not only prestigious, but also represent the cultural and economic power of our city. Sustained growth These key areas are a shining example of the city’s progress and prosperity.”
Rail Land Development Authority is a statutory body for the development of railway land. It has four major mandates, namely, leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
[ad_2]
Source link