RLDA Invites Bids for Leasing Land in Ludhiana for Colony Redevelopment

Rail Land Development Authority (RLDA) has invited bids for leasing a vacant land parcel for the redevelopment of Railway Colony No. 13, Civil Lines, Near Fountain Chowk, Ludhiana, Punjab that falls under the Northern Railway Zone. The area of the site spans across 25,257.67 Sqm while the area to be leased measures 21185.54 Sqm. The proposed site has excellent connectivity to the major transportation centers of the city. Ludhiana Airport is located at 15.7 km from the subject site and Ludhiana Railway Junction is located at a distance of 2.9 km. The reserve price for the site to be leased for 99 years is Rs 108 crore, while the prescribed FAR available to the developer is 2.0 and 3.0 for residential and commercial respectively. The pre-bid meeting was held on 14th December 2021 and was attended by many prominent developers of the country. The deadline for the bid submission is 14th January 2022. The concerned site is trapezoidal shaped piece of land with average depth of 90m and a frontage of 240m and 190m along Rani Jhansi Road and College Road respectively. The site is 150m from Fountain Chowk which is connected to 6 major routes. Interstate bus terminus is around 2.4 km. "Ludhiana is an industrial and commercial hub of Punjab, making it one of the significant places of the state. The site proposed to be redeveloped is located at a point strategically connected with other major parts of the state. The redevelopment project by RLDA will enhance the beauty of the city while promising a quality life to the residents,” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA. The adjacent area is a well-developed area having mixed land use of commercial as well as residential. Its immediate surroundings include high end independent residential bungalows with mix use retail development in North, South and East and Government Bungalows in West. Presently, there are 35 Railway Staff Quarters along with few other utility structures existing at site. The norms for housing and admissible commercial with respect to ground coverage, basement parking, setbacks, etc. as per Master Plan and Comprehensive General Development Control Regulations - 2018, Punjab Municipal Building Bye-Laws, 2018, Govt. of Punjab, amended from time to time will be applicable. Ludhiana is the largest business and trade hub for North India and Asia's largest hub for apparel industry manufacturing woollen garments and hosiery apparel, hand tools and industrial equipment, bicycle manufacturing, bicycle parts and metals fabrication. 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 commercial sites, colony redevelopment, station redevelopment, and multi-functional complexes.