RLDA to lease Dwarka land parcel for Rs 1,193 crore

The Rail Land Development Authority (RLDA) has invited bids for leasing out 124,000-Sqm of a
railway land parcel for Rs 1193 crore in Sector 21, Dwarka, Delhi.
The land parcel can be used for both residential (55%) and commercial (45%). Pre-bid meeting
will be held on January 10 and the last date of e-bid submission is February 6 this year.
“The land parcel located near Bijwasan is an ideal location for residential development in the
heart of the national capital. The city has always been the most sought-after residential
destination for homebuyers; however, in recent decades, the market has been dominated by
individual dwellings ranging from bungalows to independent floors,” said Ved Parkash Dudeja,
Vice Chairman, RLDA.
“New Railway passenger terminal is being developed adjacent to this land parcel, which will
attract huge footfall in the area. The proposed land parcel will provide developers with a one-ofa-kind opportunity to build a residential / commercial project to meet the rising demand for
premium real estate property in New Delhi,” Dudeja said.
The Rail Land Development Authority (RLDA) is a statutory authority with the Ministry of
Railways responsible for railway land development. As part of its development strategy RLDA
has four key mandates: leasing of commercial sites and multi-functional complexes, colony
redevelopment and station redevelopment.
During the current financial year, RLDA has leased out 22 sites situated at Bangalore & Raichur
(Karnataka), Liluah & Salt Golah (Howrah), Nizamabad (Telangana), Egmore (Chennai), Bhopal
(MP), Ludhiana (Punjab), Abu Road & Rana Pratap Nagar (Rajasthan), Bhusawal & Solapur
(Maharashtra), Bareilly, Varanasi and Gorakhpur in UP, Katra (J&K), Muzaffarpur (Bihar), Sirsa
(Haryana) and Kannur (Kerala) for a cumulative lease premium of Rs 1916 crore including
railway assets valuing approximately Rs 314 crore to be developed at Bangalore, Bhopal,
Egmore (Chennai), Bareilly, Ludhiana, Muzaffarpur and Kannur Railway Colonies.