RLDA floats tender to rebuild 2.18-acre colony in Delhi
The Rail Land Development Authority (RLDA) has invited online bids for leasing a 2.18-hectare land parcel in the national capital for redeveloping the Boulevard Road Railway Colony. The land parcel will be redeveloped following the Delhi Master Plan-2021 (MPD-2021). RLDA informed that the land is in the upscale bungalow zone of New Delhi and the prescribed floor space index (FSI) for the site is 0.75 according to the Delhi MPD. The leasable land area is 21,800 sqm with the reserve price fixed at ₹393 crore with immense potential for premium segment residential development. Vice-Chairman, RLDA, Ved Parkash Dudeja informed that the site is strategically located with accessibility to prominent landmarks such as railway stations, Tis Hazari Metro Station and ISBT Kashmere Gate. The development will enhance its prospects and offer a good return on investment to developers. The Railway Colony is located along Lala Hardev Sahai Marg/GT Karnal Road and Rani Jhansi Flyover, New Delhi and the site is only 2.5 km away from the Old Delhi Railway Station and 7 km from the New Delhi Station. Moreover, due to its proximity to the Ring Road, the site is also well connected to the peripheral developments in Gurgaon, Noida and other major cities in the NCR.
📅Published on:
18 December 2020
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