The land parcel falls under the North Western Railway Zone
According to ETRealty.com, the Rail Land Development Authority (RLDA) has opened bids for leasing a land parcel for commercial development at Abu Road, Rajasthan.
The RLDA is a statutory authority under the Ministry of Railways for the development of Railway land. It has four key mandates for its development plan: leasing commercial sites, colony redevelopment, station redevelopment, and multi-functional complexes.
The parcel spans 1,649.40 sqm and falls under the North Western Railway Zone. The land will be leased out for 45 years.
Ved Parkash Dudeja, vice chairman of the RLDA, said, “Abu Road is the gateway to Mount Abu, a renowned tourist destination. The site is located in the vicinity of a local market and is accessible via public transportation. It is well-connected to Abu Road Railway station, a key stop of the Delhi-Ahmedabad railway route. The proposed development will spur real estate, boost retail and commercial growth and generate employment for the local youth.”
The concessionaire will be given responsibility for carrying out the development as per local building bye-laws and obtaining requisite clearances and approvals from regulatory authorities.
Moreover, the RLDA has over 100 commercial (greenfield) sites throughout India for leasing, and eligible developers are selected through an open and transparent bidding process.
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