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The Rail Land Development Authority (RLDA), a statutory body of Indian Railways, has initiated the bidding process for a residential development plot located in Sewa Nagar and Lodhi Colony, situated in the eastern part of Delhi. Spanning an expansive land area divided into Part-A, Part-B (Sewa Nagar), and Lodhi Colony, the total plot measures 43,345.82 sq. m. Out of this, 16,058.40 sq. m will be leased for residential development over a 99-year period. The remaining approximate 27,282.42 sq. m in Sewa Nagar Part-B will be utilized for the redevelopment of the existing Railway colony. Part A (Sewa Nagar) and Lodhi Colony will be offered to the Developer for commercial development.
The reserve price for the site is Rs 355 crore, and there are currently 278 existing quarters (202 in Sewa Nagar and 76 in Lodhi Colony). A pre-bid meeting was held on May 19, 2023, which saw enthusiastic participation from various developers interested in the project. The deadline for the submission of e-bids was June 23, 2023. The access road known as Sewa Nagar Parts A and B divides the Sewa Nagar colony site, which is a rectangular and flat piece of land. It has a length of approximately 1290m and a width ranging from 25.00m to 26.50m. Similarly, the Lodhi Colony site is located on Najaf Khan Road, with a length of 400m and a width varying between 25.00m and 26.50m. Both Sewa Nagar and Lodhi Colony enjoy a prime location close to prominent areas such as Lodhi Colony, Chanakyapuri Diplomatic Enclave, and Golf Links.
Sewa Nagar and Lodhi Colony provide residents with an exceptional living experience in New Delhi. Sewa Nagar is renowned for its serene atmosphere and strategic location, providing convenient access to amenities and reliable transportation. Situated near South Extension and AIIMS, it is an ideal choice for those seeking seamless connectivity within the city. Residents also benefit from the proximity to renowned educational institutions, hospitals, bustling markets, and recreational facilities, ensuring a comfortable and fulfilling lifestyle.
On the other hand, Lodhi Colony, nestled in the heart of New Delhi, is a vibrant residential and cultural hub that harmoniously blends history, art, and contemporary living. This dynamic neighbourhood showcases a diverse range of residential complexes, commercial spaces, and iconic landmarks. With its tree-lined avenues, captivating wall paintings, and artistic murals, Lodhi Colony proudly holds the distinction of being India's first open-air public art district. Its unique charm and distinctive character invite residents to embrace an extraordinary lifestyle that celebrates creativity, heritage, and modernity.
RLDA, under the Ministry of Railways, leases commercial sites and redevelops colonies, stations, and complexes. This year, they leased sites in Chennai, Rajasthan, Delhi, Maharashtra, and Kharagpur, generating a premium of Rs. 1622 Crore, including railway assets worth Rs. 7.54 Crore for Kharagpur Railway Colony.
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