Puducherry, August 2024: Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the Commercial Development of Land Parcel – II near Puducherry Railway Station, in the Union Territory of Puducherry under the Tiruchirappalli Division of Southern Railway.
The land parcel – II to be leased has an approximate area of 12,688 Sqm and has a reserve price of Rs 59 crore. The land will be leased for 60 years. The Built-up area is approximately 31,720 Sqm.
| Land Parcel Snapshot | |
| Site Description | Commercial Development of Land Parcel -II near Puducherry Railway Station |
| Land Area | 12,688 Sqm
|
| Built -up area offered
|
31,720 sqm (Approx.) |
| Reserve Price (Rupees) | 59 Cr |
| Last date of submission of e-bid | 24.09.2024 up to 15:00 hrs. |
Connectivity
The site for commercial development, located along Subbaiah Salai (South Boulevard) Road near Puducherry Railway Station, Puducherry, spans approximately 12,688 Sqm. It is bounded by Subbaiah Salai Road and Tamil Town to the north, Vanarpet Road and the Botanical Gardens to the west, Puducherry Railway Station to the east, and railway tracks to the south. The site falls under the jurisdiction of Puducherry Municipality and is governed by the Puducherry Comprehensive Development Plan-2036.
Site Potential
Site is strategically located near the railway station & is ideal for commercial development, including hotels, shopping complexes, and marriage halls. These developments can significantly boost the local economy, create employment opportunities, and cater to the large influx of tourists visiting Puducherry. With more influx of tourists expected to be visiting Puducherry in coming years, the demand for such commercial facilities is set to grow even further.
