Amaravati: Rail Land Growth Authority (RLDA), a statutory unit of the Indian Railways, has invited bids for leasing out 5,532 sq. meters of land at Renigunta close to the temple city of Tirupati for business growth. The land parcel is positioned close to Renigunta Junction railway station and will likely be given on lease for 45 years, RLDA mentioned in a launch right here.
It fastened Rs 6.77 crore because the reserve value for the land for the proposed constructed up space of 7,502 sq. metres.
RLDA vice-chairman Ved Prakash Dudeja mentioned the proposed land could be supreme for business growth and would enhance the socio-economic growth of the suburb space of Tirupati.
Dudeja mentioned that through the present monetary yr, RLDA has commissioned 10 railway websites at Liluah (Howrah), Nizamabad (Telangana), Waltax Highway (Chennai), Egmore (Chennai), Bhopal (Madhya Pradesh), Ludhiana (Punjab), Abu Highway. has been leased out. (Rajasthan), Choupla Bareilly, Varanasi and Gorakhpur in Uttar Pradesh for a cumulative lease premium of Rs.726 crore.
As well as, railway property price about Rs 163 crore will likely be developed in Bhopal, Egmore (Chennai), Bareilly and Ludhiana railway colonies.