RLDA plans tenders worth Rs 10,000 crore to monetise land
The Rail Land Development Authority (RLDA) plans to award tenders worth Rs 10,000 crore in 2020-21 as part of its efforts to monetise land. “In the coming days we will be coming up with more land parcels across megacities of the country, and this will provide an opportunity to developers to partner with the RLDA,” said RLDA vice chairman Ved Parkash Dudeja. The authority owns some of the prime land across Chennai, Bengaluru and Hyderabad. It plans to unlock value from 74 commercial sites, including six hectares in posh Mumbai areas such as Bandra, Mahalaxmi and near the Lokmanya Tilak Terminus in Kurla in phases. Earlier this week, the RLDA leased 10.76 hectares of land with a development potential of 2.66 million square feet in Delhi’s Ashok Vihar to Godrej Properties for Rs 1,359 crore.
Tags : News/Views