The Rail Land Development Authority (RLDA) has invited bids for leasing a land parcel for commercial and residential development at the site of the existing Loco Colony in Patna.
The site is located adjacent to the Patna Junction Railway Station, near Platform No. 10. It falls under the Danapur Division of the East Central Railway. As per the Patna Master Plan-2031, the location is under the local jurisdiction of Patna Municipal Corporation (PMC).
The site is divided into two parts, of which Part A spanning 1,847 sqm is earmarked for railway redevelopment works while Part B measuring 5,514 sqm will be leased out for 99 years for development.
The site has a permissible FSI of 2.5. The total construction cost of railway redevelopment works, including maintenance, is estimated at Rs 12.40 crores, while the reserve price of the land is Rs 47 crores.
The pre-bid meeting was held on 13th September 2021 and there was good response from Local and National Developers. The deadline for bid submission is 25th October 2021.
“Patna, the Capital city of Bihar is a fast developing city, witnessing tremendous infrastructural up-gradation in the past few years. The site is strategically located near the Patna Junction Railway Station- one of the busiest in India and has robust social infrastructure such as offices, hotels, shopping complexes, etc. in the vicinity. The redevelopment work will not only ensure a better quality of life to inhabitants but also lead to a multiplier effect on the local economy,” said Ved Parkash Dudeja, Vice Chairman, RLDA.
The lessee will be mandated to redevelop 59 units of Type II railway quarters in Part A with a provision for roads and internal circulation work, landscaping, civic amenities and their maintenance for three years. In the process, he may be required to obtain requisite clearances from government authorities. The developer will be required to complete the work within four years.
Rail Land Development Authority (RLDA) is a statutory authority under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
RLDA is now working on 112 Railway stations in a phased manner. In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, Cuttack, Lucknow and Puducherry for redevelopment. The railway stations across India will be redeveloped on a PPP/EPC Model as a part of Smart City Projects launched by the Government of India.