RLDA Invites Bids for Railway Land Developments

The Rail Land Development Authority (RLDA) has announced multiple bids for significant railway land parcels across India, including prime development sites in Mahalaxmi, Miraj, and Punjabi Bagh (West) in Delhi. In Mahalaxmi, a 10,801.7 square meter plot with a reserve price of INR 805 crore is aimed at high-end residential and commercial development, promising to enhance Mumbai's skyline and boost local employment. Meanwhile, a 5,500 square meter plot in Miraj, with a reserve price of INR 8.60 crore, is poised for commercial use, given its strategic location near a medical hub. The Delhi parcel near Punjabi Bagh spans 46,313.4 square meters with a reserve price of INR 1,100 crore and promises excellent connectivity via major roads and metro stations, making it attractive for residential development. These projects are expected to stimulate economic growth in their respective regions, reflecting RLDA's strategy to optimize railway land use.