Rail Land Development Authority Invites Bids To Develop Commercial Complex Near Sawai Madhopur Station In Rajasthan

Leading developers have evinced keen interest in the commercial development of a vacant site near Sawai Madhopur Railway Station at an estimated reserve price of Rs 13 crore.

Rail Land Development Authority (RLDA) has floated a request for proposal (RFP) for leasing the 4,000 sq m vacant site for development of a commercial complex.

The land will be leased for 45 years with a permitted built-up area of 8,000 sq m.

The pre-bid meeting was attended by many leading real estate players and the deadline for bid submission is 11 February 2021, according to RLDA.

Situated near platform number 1 side of Sawai Madhopur Railway Station, the vacant site has excellent connectivity to different parts of the city through road network. The site is bounded by a private house, shops and railway quarters in the north, vacant land and railway buildings in the east, a railway station in the south and GRP Thana in the west.

Bound by the Banas river in the north and Parbati river in the east, the city is named after Maharaja Madho Singh-I of Jaipur, who planned the city. It is home to Ranthambhore National Park ­– a UNESCO World Heritage Site with immense tourist traffic.

“The proposed commercial development will bolster tourism prospects, push up real estate prices and ensure economic development in the surrounding areas,” said RLDA Vice Chairman Ved Parkash Dudeja.

The lessee will be mandated to carry out the development as per local building by-laws and shall procure all necessary clearances for the development as per site plan. The lessee will be permitted to market and sub-lease the built-up area for any lawful activity.

RLDA, a statutory body under the Ministry of Railways, is entrusted with the task of the development of vacant railway land. It has four key mandates as a part of development – leasing of commercial sites, colony redevelopment, atation redevelopment and multi-functional complex development.

Currently, Indian Railways has approximately 43,000 hectares of vacant land across India. RLDA has over 84 commercial (greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bid process.

RLDA is currently working on 62 stations in a phased manner while its subsidiary, IRSDC has taken up another 61 stations. The railway stations across India will be redeveloped on a public private partnership model as a part of smart city projects launched by the government. RLDA is currently also handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.