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Rail Land Development Authority (RLDA) has called for bids for leasing out as many as 16 land parcels across India. The Authority is aiming at revenue generation of approximately INR 1904 crores through monetisation of these land parcels.

Prominent amongst these 16 sites currently offered for bidding are Lucknow Railway Station Redevelopment, Ramgarh Tal Colony (Gorakhpur), Land parcel at Gomti Nagar (Lucknow), Land parcel near Moula Ali Flyover (Secunderabad), Boulevard Road Colony (Delhi) and land at Salt Golah (Howrah). Due to their marketability and exclusive locations which make them eminently suitable for commercial and residential development.

“These land parcels are strategically located in important cities across India and hold tremendous potential for residential and commercial development. RLDA will lease out these land parcels to prospective developers who will be mandated to develop these sites in line with local bye-laws. These sites offer tremendous growth opportunities for investors and developers. Once completed, these sites will lead to economic development, employment generation and boost real estate prospects of the respective regions,” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA.

Taking the catastrophic effect of the pandemic in its stride, RLDA is targeting revenue generation of INR 2000 crore for the Indian Railways in 2021-22, up from INR 352 crore in the previous year.