Bids are being accepted for the commercial development of railway land at Kailash Puram along National Highway (NH)-16 in Visakhapatnam, Andhra Pradesh, by the Rail Land Development Authority (RLDA), a statutory body of Indian Railways. Forty percent of the development will be commercial.
while sixty percent will be residential. The 4.71-acre (19,061-square-meter) plot of land will be leased for 99 years at a reserve price of ₹170 crore. The offered built-up area (BUA) is 91,403.31 square meters.
RLDA Invites Bids for Commercial Development in Visakhapatnam
Visakhapatnam, Andhra Pradesh – The Rail Land Development Authority (RLDA) has invited bids for the commercial development of prime railway land in Visakhapatnam, marking a significant step toward urban infrastructure enhancement and economic growth. The project, set to transform a key area in the coastal city, aims to leverage underutilized railway land for commercial and mixed-use development.
Project Overview
The RLDA is offering a strategically located land parcel in Visakhapatnam for commercial leasing and development, under its initiative to monetize railway assets. The key details of the project are:
- Location: Prime railway land in Visakhapatnam, near transport hubs.
- Project Type: Mixed-use commercial development.
- Development Model: Lease-based Public-Private Partnership (PPP).
- Lease Period: 45-60 years, as per RLDA norms.
- Expected Investment: Several hundred crores, depending on development plans.
This initiative aligns with RLDA’s broader objective of enhancing urban real estate potential while generating revenue for Indian Railways.
Strategic Importance of the Project
Visakhapatnam, one of India’s fastest-growing cities, is a major port, tourism, and industrial hub. The commercial development of railway land here will:
- Enhance the city’s commercial infrastructure, supporting businesses, retail spaces, and hospitality.
- Generate employment opportunities in construction, retail, and allied sectors.
- Boost urban connectivity, given the proximity to railway stations and transport nodes.
- Increase real estate value, attracting private investments and businesses.
A senior RLDA official stated, “This project is a key milestone in our efforts to optimize railway land assets for economic and urban development. Visakhapatnam’s strategic location makes it ideal for commercial investments.”
Potential Uses & Development Scope
The land parcel is envisioned for multi-purpose development, including:
- Retail complexes & malls to cater to the city’s growing consumer base.
- Office spaces & business centers for startups, IT firms, and corporates.
- Hotels & serviced apartments to support tourism and business travel.
- Multiplexes & entertainment zones to enhance recreational options.
The development will integrate sustainable and smart city principles, ensuring energy efficiency, green spaces, and modern urban infrastructure.
Economic & Employment Impact
The project is expected to bring significant economic benefits, including:
- Job creation in construction, retail, and hospitality sectors.
- Growth in real estate & infrastructure investments.
- Increase in local business activities & revenue generation.
This aligns with Indian Railways’ broader asset monetization strategy, which seeks to generate revenue through commercial land leasing while promoting urban development.
Bid Submission & Next Steps
RLDA has set strict technical and financial criteria for bidders, ensuring that the development meets high standards. The bidding process includes:
- Pre-bid meetings for interested developers.
- Detailed project proposal submissions with financial and design plans.
- Evaluation & awarding of the lease to the highest bidder.
Once awarded, the selected developer will undertake planning, construction, and operational management in line with RLDA and municipal regulations.
Group Media Publication
Construction, Infrastructure and Mining
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