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A statutory authority for the Indian Railways, The Rail Land Development Authority (RLDA) has opened up bids for leasing out a 124,000 square meter land parcel for a period of 99 years, located in Sector 21, Dwarka, Delhi. The pre-bid meeting was held on 10th January 2023 and the last date for e-bid submission has been declared as 6th February 2023. The reserve price for the land in question is approximately Rs 1190 crores. The land is available for mixed used development, i.e., for residential and commercial structures.
The land parcel available for lease is a combination of multiple railway plots located near Indira Gandhi International Airport in the southwest region of New Delhi. The site has clear frontage on two sides and is accessible from the main Sector-22 Road on the western side and the Urban Extension Road (UER-II) on the southern side. The site is bounded on the north by Dwarka Sector 21 Metro Station and Pacific D21 Mall, on the east by the proposed Bijwasan Railway Station, and on the west by the proposed ISBT at Dwarka.
The Rail Land Development Authority (RLDA) is an organization in India that is responsible for the development of land owned by the Indian Railways. This includes the creation of commercial and residential real estate projects, as well as the development of infrastructure projects like airports and industrial parks. The RLDA also looks after the monetization of non-core assets of Indian Railways and manages the leasing and licensing of railway land. Its main goal is to generate revenue for the Indian Railways by maximizing the commercial use of its land.
During the current Financial Year, RLDA has leased out 22 sites situated at Bangalore & Raichur (Karnataka), Liluah & Salt Golah (Howrah), Nizamabad (Telangana), Egmore (Chennai), Bhopal (MP), Ludhiana (Punjab), Abu Road & Rana Pratap Nagar (Rajasthan), Bhusawal & Solapur (Maharashtra), Bareilly, Varanasi and Gorakhpur in UP, Katra (J&K), Muzaffarpur (Bihar), Sirsa (Haryana) and Kannur (Kerala) for a cumulative lease premium of Rs. 1916 Crore including Railway assets valuing approx. Rs.314 Crore to be developed at Bangalore, Bhopal, Egmore (Chennai), Bareilly, Ludhiana, Muzaffarpur and Kannur Railway Colonies.
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