Business Standard

Rail Land Development Authority puts seven land parcels on auction

Among the properties currently on offer is the Boulevard Road land parcel in a posh Delhi locality that has a reserve price of Rs 393 crore

Railways
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RLDA is currently handling 84 commercial residential sites, 84 railway colony redevelopment work and 62 re-development projects of railway stations

Twesh Mishra New Delhi
The Rail Land Development Authority (RLDA) is auctioning seven land parcels and as many multi-functional complexes. The cumulative reserve price for the land parcels is Rs 571.1 crores, while the complexes are expected to rake in at least Rs 26.68 crore.

Among the properties currently on offer is the Boulevard Road land parcel in a posh Delhi locality that has a reserve price of Rs 393 crore.

In response to queries from Business Standard, RLDA said it has auctioned 24 land parcels so far, earning a lease premium of Rs 1,867 crore against a total reserve price of Rs 1,743 crore. These

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