RLDA Invites Bids for Commercial Development in J&K Firozpur Division
The Rail Land Development Authority (RLDA) has invited bids for the commercial development of two land parcels near Shri Mata Vaishno Devi Katra Railway Station in Jammu & Kashmir's Firozpur Division. These parcels, totaling approximately 15,352.68 square meters, are available for a 60-year lease. Parcel A is of 7,521.45 square meters with reserve price of ₹17.35 crore, and Parcel B is of 7,831.23 square meters with reserve price of ₹18.49 crore.
Both parcels offer a Floor Space Index (FSI) of 2.10, slightly below the permissible 2.50. Strategically located near the station, these sites are ideal for commercial ventures like hotels, shopping complexes, and marriage halls, aiming to cater to the growing number of pilgrims visiting the Shri Mata Vaishno Devi Shrine, which saw over 95 lakh visitors in 2023. The development is expected to significantly boost the local economy and create employment opportunities.