RLDA invites bids for residential plots at Sewa Nagar, Lodhi Colony, ET RealEstate

June 23, 2023

NEW DELHI: Rail Land Development Authority (RLDA) has invited bids for residential development in Sewa Nagar and Lodhi Colony.

The entire land area is divided into three parts-Part A and Part B of Sewa Nagar and Lodhi Colony. The total land area is 43,345 sqm out of which 16,058 sqm will be leased for residential development for a period of 99 years, said RLDA in a statement. The remaining area of land in Sewa Nagar Part B shall be utilised for redevelopment of the existing railway colony.

Part A (Sewa Nagar) and Lodhi Colony shall be offered to the developer for commercial development, it added. The reserve price for the site is Rs 355 crore.

The deadline for submission of the e-bid is June 23.

RLDA vice-chairman Ved Parkash Dudeja said, “Prime areas like Lodhi Colony, Chanakyapuri Diplomatic Enclave and Golf Links are among the most sought-after locations in the city. These areas are not only prestigious but also represent the cultural and economic vitality of our city. The continued growth and development of these prime areas serve as a shining example of the progress and prosperity of the city.”

Rail Land Development Authority is a statutory body for the development of railway land. It has four key mandates, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.

  • Published On Jun 22, 2023 at 04:00 PM IST

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