RLDA invites e-bids for leasing over 9488 sq. m. land parcel for residential-cum-commercial development at Ambari in Guwahati

RLDA invites e-bids for leasing over 9488 sq. m. land parcel for residential-cum-commercial development at Ambari in Guwahati

The site falls under the Lumding division of the North East Frontier Railway and will be leased for 99 years 

Guwahati, 14th July 2021: 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 spans 9,488.22 sq. m. and is situated in the heart of Guwahati, at a prominent corner location of Ambari Chowk, which is just about 1.30 km from Guwahati Railway Station. The land parcel falls in Lumding division of the North East Frontier Railway.  It has a potential Built-Up Area (BUA) of 26,092.61 sqm. with FAR of 2.75 and has a reserve price of INR 69.90 crores for a lease term of 99 years. The Online Pre-bid meeting was conducted by RLDA on 25.06.2021 and 13 Local and National Developers participated in the Pre-bid meeting. The deadline for submission of e-bids is 6th August 2021.

The land is bounded by and has frontage on three sides with C K Agrawala Road in the north, Ariz Path in the east, GNB Road in the south and residences in the west, with excellent connectivity to all parts of the city via road network.

“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,” said Shri 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. He/she 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.

Rail Land Development Authority (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, namely leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.

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.

RLDA is currently working on 60 stations in a phased manner while its subsidiary, IRSDC, has taken up another 63 stations. In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, Cuttack and Puducherry for redevelopment. The railway stations across India will be redeveloped on a PPP Model as a part of Smart City Projects launched by the Government of India.