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

Vacant land parcel at Ambari chowk in Guwahati, Assam has a potential for 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 site falls under the Lumding division of the North East Frontier Railway and will be leased for 99 years. Source: Reuters

Rail Land Development Authority (RLDA) has invited bids for the leasing 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.

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

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It has a potential for 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.

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 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.

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