Nellore, September 2024: Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the Commercial Development of a vacant land parcel located north of the railway station at Nellore, Andhra Pradesh. It is located adjacent to Ranganayakulapeta Road, near the level crossing along Kovvur-Nellore Road (NH-67).
The land parcel to be leased has an approximate area of 7795.31 Sqm and has a reserve price of Rs 15.50 crore. The land will be leased for 45 years. The Built-up area is approximately 31,720 Sqm.
| Land Parcel Snapshot | |
| Site Description | Commercial Development of a vacant land parcel located north of the railway station at Nellore,
Andhra Pradesh. |
| Land Area | 7795.31 Sqm |
| Built -up area offered
|
15,591 sqm |
| Reserve Price (Rupees) | 15.50 Cr |
| Last date of submission of e-bid | 20.09.2024 up to 15:00 hrs. |
Connectivity
The site is bounded by Ranganayakulapeta Road to the north, NH-67 to the east, railway land to the south, and the railway platform and tracks to the west.
Site Potential
- Sites strategically located near the railway station are ideal for commercial development, offering opportunities to accommodate tourists and develop a shopping or retail complex. These developments can significantly boost the local economy and create employment opportunities.
- The site is nearly rectangular in shape and is surrounded by residential and institutional land uses. The immediate surroundings include a railway line to the west, residential developments to the east, Atmakur Bus Stand to the south, and no significant developments towards the north.
- The subject site is accessible via the 30-meter-wide Bellari Krishnapatnam Highway (NH-67), which connects it to other prominent micro-markets within Nellore City. Nellore, located on the banks of the Penne River, is known for its rich agricultural heritage and is a major exporter of rice, sugarcane, cane-based products, prawns, shrimps, and various crops. Despite a largely rural population reliant on agriculture, the city is experiencing growth in educational institutions and businesses, enhancing its status. The city is also home to several significant temples that attract a large number of devotees year-round. Given its strategic location, the subject site is ideal for commercial development.
