RLDA calls bid to lease 3.5 acres land in Dharmavaram for commercial development

August 25, 2022
RLDA calls bid to lease 3.5 acres land in Dharmavaram for commercial development

AMARAVATI: Rail Land Development Authority (RLDA) has called bids for leasing a land parcel of 3.5 acres at Dharmavaram in Anantapur district for commercial development.

RLDA will grant the land parcel for period of 45 years on lease. It has put the reserve price at Rs. 9.58 crore.

RLDA vice-chairman Ved Prakash Dudeja said that the last date for submission of e-Bids is September, 13.

“The land parcel is located on 15.0 m wide station road, adjacent to Chennai- Anantapur Highway (NH-716), thus making it accessible from all parts of the city. The site falls under the Ananthapuramu Hindupur Urban Development Authority,” said Dudeja.

He explained that the land parcel was strategically located near the Dharmavaram railway station, which is the primary station serving Dharmavaram of Sri Sathya Sai district. Being one of the major train junctions in Andhra Pradesh, the proposed land parcel with its easy accessibility across the city has immense development potential, he noted.

Dharmavaram is known for its handloom silk sarees and is also called the silk city of Andhra Pradesh. The city is renowned for cotton, silk weaving industries and leather puppets. Dharmavaram is also the gateway to Puttaparthi, famous internationally for Sathya Sai Baba’s Samadhi and visited by devotees in large numbers.

Rail Land Development Authority has been aggressively pursuing its mandate to lease out land parcels across the state to infuse life into railway properties. “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, including leasing commercial sites, colony redevelopment, station redevelopment, and multi-functional complexes,” said Dudeja.

He said they have already leased out eleven sites at Liluah (Howrah), Nizamabad (Telangana), Waltax Road (Chennai), Egmore (Chennai), Bhopal (MP), Ludhiana (Punjab), Abu Road (Rajasthan), Bhusawal (Maharashtra), Bareilly, Varanasi and Gorakhpur in UP for a cumulative lease premium of Rs. 735 crore.

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