RLDA Invites Bids for Residential Development Near Punjabi Bagh, New Delhi
The Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the residential development of a land parcel near Punjabi Bagh (West) in New Delhi. The land parcel, known as ‘B’, covers an area of 46,313.39 sqm (4.63 Ha) and has a reserve price of Rs 1100 crore. The lease period for this land is 99 years.
The site is strategically located with excellent connectivity from Old Rohtak Road (NH 9) and Ring Road. It is also close to key metro stations, being just 350 meters from Madipur Metro Station and 800 meters from Shivaji Park Metro Station. This makes the site highly accessible and attractive for development.
The land parcel is bounded by Shakurbasti Railway Station to the north, vacant railway land to the east and west, and NH-9 (Rohtak Road) to the south. It is situated in a densely populated and commercially active area of West Delhi, near major commercial hubs.
The RLDA, under the Ministry of Railways, is responsible for the development of railway land. It focuses on leasing commercial sites, colony redevelopment, station redevelopment, and multi-functional complexes. Interested bidders can find more information on the RLDA website.
Doubts Revealed
RLDA -: RLDA stands for Rail Land Development Authority. It is a government organization in India that manages and develops railway land.
Bids -: Bids are offers made by people or companies to buy or lease something, in this case, land for development.
Residential Development -: Residential development means building homes or apartments where people can live.
Punjabi Bagh -: Punjabi Bagh is a neighborhood in New Delhi, the capital city of India.
New Delhi -: New Delhi is the capital city of India, where many important government buildings are located.
46,313.39 sqm -: 46,313.39 sqm means 46,313.39 square meters, which is a way to measure the size of the land.
Reserve Price -: Reserve price is the minimum price that the seller will accept for the land, which is Rs 1100 crore in this case.
Rs 1100 crore -: Rs 1100 crore is a large amount of money in Indian currency, where 1 crore equals 10 million rupees.
Leased for 99 years -: Leased for 99 years means that the land can be used by the person or company for 99 years, but they do not own it.
Metro Stations -: Metro stations are places where people can catch metro trains, which are a type of public transportation.
Highways -: Highways are big roads where cars and trucks can travel long distances quickly.
Connectivity -: Connectivity means how easy it is to travel to and from the place.
Commercial Development -: Commercial development means building places where businesses can operate, like shops or offices.
Interested Bidders -: Interested bidders are people or companies who want to make an offer to lease the land.
RLDA Website -: The RLDA website is the online place where people can find more information about the land and how to bid for it.
