RLDA is inviting bids to redevelop a prime 2.15-hectare railway colony in Delhi’s Civil Lines with a 99-year lease, marking another step in their mission to revitalize railway land and potentially enhance Delhi’s infrastructure.
The Rail Land Development Authority (RLDA), a central government agency focused on unlocking the potential of underutilized railway land, has launched a bidding process for redeveloping a railway colony in Delhi. This initiative aligns with RLDA’s mission to revitalize aging railway infrastructure and generate revenue for the Indian Railways.
Located in the heart of North Delhi’s Civil Lines, on prime real estate along Boulevard Road, the targeted colony sprawls across approximately 2.15 hectares (21,568 sq meters). Winning bidders will be awarded a 99-year lease to redevelop the site, transforming it into a modern residential or mixed-use development. The project carries a reserve price of Rs 318 crore, indicating the anticipated value RLDA places on this strategic location.
This announcement comes on the heels of similar projects undertaken by RLDA in Delhi, including the redevelopment of the iconic New Delhi Railway Station and the Sewa Road and Lodhi Colony railway colonies. The successful execution of these projects is expected to not only generate revenue for Indian Railways but also contribute to the overall infrastructure development and urban renewal of Delhi.
