RLDA invites bids for leasing Railway Land in Dharmavaram, Andhra Pradesh

New Delhi: The Rail Land Development Authority (RLDA), a statutory body under Indian Railways, has announced an invitation for bids to lease a vacant land parcel in Dharmavaram, located in the Sri Sathya Sai district of Andhra Pradesh. The 3.5-acre land parcel, approximately 14,164.50 square meters, is situated along Station Road and will be leased for 45 years. The reserve price for the land is set at Rs 9.10 crore, with a Built-Up Area (BUA) of 26,770.91 square meters available for development.

Dharmavaram is the gateway for pilgrim traffic visiting the famous Sathya Sai Prashanti Nilayam at Puttaparthi, around 40 km away.

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The land parcel benefits from excellent connectivity. It is located on Station Road, adjacent to the Chennai-Anantapur Highway (NH-716), making it accessible from all parts of the city. The site is connected to Dharmavaram Railway Station, which falls under the South Central Railway Zone, by a 15-meter-wide road. The jurisdiction of the Ananthapuramu Hindupur Urban Development Authority (AHUDA) covers the site, and it is also well connected to the nearby APSRTC Bus Stand of Dharmavaram. The nearest airports are in Bengaluru (159 km) and Kadapa, Andhra Pradesh (153 km).

Interested bidders can submit their e-bids until July 17, 2024, up to 15:00 hrs.

Highlighting the potential of the site, Vice Chairman of RLDA Manoj Garg commented, "Dharmavaram, known as the 'Silk City of Andhra Pradesh,' is renowned for its cotton and silk weaving industries. The proposed lease of this strategically located land parcel near the Dharmavaram Railway Station, a major transit point for the Sri Sathya Sai district, offers significant development opportunities due to its excellent connectivity. Being a major train junction in Andhra Pradesh, the location near the station area provides immense real estate investment potential."

The RLDA's invitation for bids presents a prime opportunity for commercial development in a key area of Andhra Pradesh, leveraging Dharmavaram's strategic location and connectivity.

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