Bids are being accepted for the lease of railway land at Bhadau Colony, Varanasi, under the Northern Railway’s Lucknow Division, by the Rail Land Development Authority (RLDA), a statutory body of Indian Railways. 10,834.97 square meters of land are up for lease, with a 60-year lease period and ₹99.5 crore as the reserve price. The website provides a 2.0 Floor Area Ratio (FAR).
This location, which is well situated near the Kashi and Varanasi City train stations, was once an ancient railway colony. It is situated along the Mirzapur-Varanasi Road. It is tucked away inside the energetic city of Varanasi, about a kilometre from the Ganga’s western bank. The property is bounded to the north and west by residential colonies, to the east by the Mirzapur-Varanasi Road, and to the south by Kashi Railway Station.
RLDA Invites Bids for Commercial Development in Varanasi
The Rail Land Development Authority (RLDA) has announced the invitation of bids for the commercial development of a prime land parcel in Varanasi, Uttar Pradesh. This initiative is part of RLDA’s broader strategy to monetize railway land and enhance urban infrastructure in key cities across India.
Project Overview
The commercial project is set to be developed on a strategically located plot, offering immense business potential. The land parcel is situated in a high-footfall area, making it an attractive investment opportunity for developers and businesses. The project aims to boost commercial activity and generate revenue while contributing to the modernization of the region’s infrastructure.
Lease Period: The land will be leased for a long-term duration, allowing developers ample time to execute and sustain their projects.
- Bidding Process: The bidding process is designed to be transparent and competitive, ensuring fair participation for interested developers.
Significance of the Project
Varanasi, one of India’s oldest and most culturally significant cities, continues to witness substantial infrastructural development. This commercial project aligns with the government’s vision to promote urbanization while leveraging railway land assets. The project is expected to enhance business opportunities, create employment, and improve the city’s commercial landscape.
Bid Submission & Eligibility
Developers, investors, and real estate firms with experience in commercial real estate projects are encouraged to participate. The bidding documents, including eligibility criteria, financial requirements, and project specifications, are available on the RLDA’s official website. Interested parties must submit their proposals within the stipulated deadline to be considered for the project.
RLDA’s commercial development initiative in Varanasi presents a lucrative opportunity for businesses to invest in a thriving economic zone. With its strategic location, long-term lease benefits, and transparent bidding process, the project is set to contribute significantly to the city’s commercial growth. Prospective bidders are encouraged to explore this opportunity to be part of Varanasi’s evolving business landscape.
Group Media Publication
Construction, Infrastructure and Mining
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