RLDA floats tender for commercial development of rail land at Visakhapatnam
The statutory authority of Indian Railways, the Rail Land Development Authority (RLDA) has floated a tender inviting bids for the grant of leases for the commercial development of railway land at Kailash Puram along National Highway (NH)-16 in Visakhapatnam, Andhra Pradesh. The built-up area (BUA) offered is 91,403.31 sqm
As per The Economic Times, the development will consist of 60 percent residential and 40 percent commercial. The land, with an approximate area of 4.71 acres (19,061 sqm), will be leased for 99 years with a reserve price of Rs 170 crore. The site is bound to the north and east by Defence Land, on the south by NH-16, and by a secondary road on the west.
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