Indian Railways to lease seven land parcels in Chennai for commercial development


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Apart from inviting quotes for the land parcels, a demand for proposal (RFP) for the redevelopment of the Egmore railway nest will also be welcomed soon.According to Rail Land Development Authority, out of the 7 recognized land parcels, 3 parcels are located at the Ayanavaram site and the bid opening date for those 3 is set as August 24, 2021. The fourth land parcel is at the Waltax highway website which covers throughout a location of 1,116.67 square metres and the reserve price of the site is kept at Rs 4.19 crore for a lease duration of 45 years. The 5th land parcel is at the Pulianthope site which covers 2.09 acres and the reserve cost for which is kept at Rs 11.60 crore to be rented for a duration of 45 years.Another land parcel is positioned at the Victoria Crescent site, which is surrounded by high-end institutional and domestic facilities.

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Apart from inviting quotes for the land parcels, a demand for proposal (RFP) for the redevelopment of the Egmore train nest will also be invited soon.According to Rail Land Development Authority, out of the 7 determined land parcels, 3 parcels lie at the Ayanavaram website and the bid opening date for those 3 is set as August 24, 2021. The 4th land parcel is at the Waltax street site which covers throughout an area of 1,116.67 square metres and the reserve rate of the site is kept at Rs 4.19 crore for a lease period of 45 years. The fifth land parcel is at the Pulianthope site which covers 2.09 acres and the reserve cost for which is kept at Rs 11.60 crore to be leased for a period of 45 years.Another land parcel lies at the Victoria Crescent site, which is surrounded by high-end institutional and domestic centers.