The Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for a residential development of 62780 Sqm of land at Chaupla Railway Colony, Izzat Nagar, Bareilly for 99 years.
The complete land area of the project is divided into two parts. In the part A (19660 Sqm) is earmarked for mandatory redevelopment of railway assets and in part B (62780 Sqm) is earmarked for residential development.
The reserve price for the site is fixed as Rs 160.50 crore. The Railway land is located opposite to Police line at Chaupla, Chauraha-Mission Hospital Road. It is primarily a residential cum commercial neighborhood located beside the police line and Ayub Khan Market.
“Bareilly was identified as one of the 100 Smart Cities being developed in India and is fast catching up as a promising hub for IT/ITeS services. Seamlessly connected with the city centre, the proposed site at Izzat Nagar, Bareilly is ideal for residential development,” said Ved Parkash Dudeja, Vice-Chairman, RLDA.
The developer will also be mandated to redevelop 190 Quarters, Manoranjan Hall, and other minor structures as part of the railway colony redevelopment.
Bareilly is among the largest metropolises in Western Uttar Pradesh and is the centre of the Bareilly division as well as the historical region of Rohilkhand. It is a center for furniture manufacturing and trade in cotton, cereal, and sugar. Bareilly is one of the 100 Smart Cities being developed in India and is one of the counter magnet cities of the National Capital Region (NCR).