RLDA Seeks Bids for Commercial Development of Land Near Nellore Railway Station

RLDA Seeks Bids for Commercial Development of Land Near Nellore Railway Station

Dil Bar Irshad | September 3, 2024 | 11:46 PM IST | Breaking News, India | Follow on Google News

RLDA Seeks Bids for Commercial Development of Land Near Nellore Railway Station

RLDA Seeks Bids for Commercial Development of Land Near Nellore Railway Station

In September 2024, Nellore: An empty land parcel north of the Nellore, Andhra Pradesh, train station is up for commercial development. The Rail Land Development Authority (RLDA), a statutory body of Indian Railways, is accepting proposals for this project. It is situated close to the level crossing on Kovvur-Nellore Road (NH-67), next to Ranganayakulapeta Road.

With a reserve price of Rs 15.50 crore, the land parcel to be leased has an approximate area of 7795.31 square meters. The 45-year lease will cover the land. The total built-up area is roughly 31,720 square meters.

Interaction

The location is bordered to the north by Ranganayakulapeta Road, to the east by NH-67, to the south by railway land, and to the west by the railway station and tracks.

Site Possibilities

Strategically placed locations close to the train station have excellent prospects for business growth, providing chances to host visitors and establish a retail or shopping center. The local economy can be greatly stimulated and job opportunities can be created by these improvements.

The site is almost rectangular in shape, with institutional and residential land uses all around it. There are residential developments to the east, a railway line to the west, the Atmakur Bus Stand to the south, and no notable developments to the north of the area.

· The subject site is reachable from other well-known micro-markets in Nellore City through the 30-meter-wide Bellari Krishnapatnam Highway (NH-67). Perched on the banks of the Penne River, Nellore is a significant supplier of rice, sugarcane, cane-based products, shrimp, prawns, and other commodities. It is also well-known for its rich agricultural legacy. The city’s educational institutions are expanding despite the fact that the majority of its residents are rural and dependent on agriculture and companies, elevating its standing. In addition, the city is home to a number of noteworthy temples that draw a sizable number of followers throughout the year. The subject land is suited for commercial development due to its strategic position.

Dil Bar Irshad

Dil Bar Irshad is a seasoned journalist, hails from Jammu Kashmir's Doda, covers political, social, business stories, index stories.