The parcel spans 1649. 40 sqm and falls under the North Western Railway Zone. It has a built-up area ratio of 2.0 (BUA – 3298.80 sq.m) and a reserve price of Rs 5.18 crore. The land will be leased out for 45 years.
“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 on the Delhi-Ahmedabad railway route. The proposed development will spur real estate, boost retail and commercial growth and generate employment for the local youth,” said Ved Parkash Dudeja, Vice Chairman, RLDA.
The concessionaire will be entrusted with carrying out the development as per local building bye-laws and obtain requisite clearances and approvals from regulatory authorities. The bidder will be permitted to market and sub-lease Built-up Area.
Rail Land Development Authority (RLDA) is a statutory authority under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
Indian Railways has approximately 43,000 hectares of vacant land across India. RLDA is currently handling 84 railway colony redevelopment projects and has recently leased out three railway colonies in Guwahati and Secunderabad for redevelopment. RLDA has over 100 commercial (Greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bidding process.