RLDA invites bid to redevelop railway colony in Delhi’s Civil Lines for Rs 318 crore

The Rail Land Development Authority (RLDA) of Indian Railways has initiated the bidding process for the lease and redevelopment of the Boulevard Road Railway Colony in Delhi. Spanning approximately 2.156 hectares, the site boasts a prime location near Tis Hazari Metro Station and the Rani Jhansi Flyover along Lala Hardev Sahai Marg/GT Karnal Road. The lease, set for 99 years, carries a reserve price of Rs 318 crore, offering a substantial Floor Area Ratio (FAR) of 16,176.26 sqm. Positioned within the Residential Bungalow Zone...