The Rail Land Development Authority (RLDA) has invited bids for the leasing of a vacant land parcel for residential-cum-commercial development at Ambari chowk in Guwahati, Assam.
The site spread in 9,488.22 square metre and is situated fee km from Guwahati Railway Station. It has a potential for Built-Up Area (BUA) of 26,092.61 sq metre with FAR of 2.75 and has a reserve price of Rs 69.90 crore for a lease term of 99 years.
The online pre-bid meeting was conducted by RLDA on June 25, where 13 local and national developers showed interest.
“Guwahati is referred to as ‘Gateway to North East India.’ It has witnessed rapid infrastructural development over the years. It is well-connected to West Bengal, Bihar and the rest of India via road, rail and air. The land parcel at Guwahati is suitable for mixed-use development that will have a multiplier effect on the local economy. It will boost realty, retail and economic development in the region,” Ved Parkash Dudeja, Vice Chairman, RLDA.
The lessee will be granted the lease rights and right to access the redevelopment land for designing, financing, constructing and vesting of the redevelopment assets. Selected developer will be entrusted to secure necessary approvals from the local authorities for the construction and will be facilitated to complete the construction of the developer portion as per local building bye-laws within four years.
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 a railway colony in Guwahati 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 bid process.