Rail Land Development Authority Seeks Proposals For Land Leases in Sirsa, Haryana

Sirsa land leases are up for grabs according to the Rail Land Development Authority.

The plot of property up for grabs is situated close to the railway settlement, and its planned lease term is 99 years.

The Indian Railways' Rail Land Construction Authority (RLDA) is leasing out a 29,065 square metre plot of land in the Bikaner division's Sirsa Haryana for residential and commercial development (67% residential and 33% commercial).

This block of property is intended to be leased out for 99 years and is situated close to railway colony. The land is being offered at a minimum price of about INR 28.47 crores.

"The proposed land parcel situated in Sirsa is mostly residential development while 33% may be developed as commercial," stated Ved Parkash Dudeja, VC, RLDA.

A more balanced ecology is made possible by this kind of growth. Sirsa maintains a progressive trajectory on the road to progress. The administration has initiated many infrastructural measures that will further propel growth.

The city of Sirsa serves as the administrative centre for Haryana's biggest district of the same name. A total of Rs 575 crore in development projects have been announced by the Haryana government for the Sirsa district. These include projects costing over Rs 13 crore for health care, Rs 88 crore for road construction, Rs 34 crore for a water drainage system, and Rs 226 crore for development in rural areas. As a result, both the Sirsa district and Sirsa city are poised for rapid expansion. From the perspective of a property developer, purchasing this piece of land from RLDA is a once-in-a-lifetime opportunity.

The Ministry of Railways has delegated the development of railway property to the Rail Land Development Entity (RLDA), a statutory authority. Leasing commercial lands, redeveloping colonies, revamping stations, and creating multi-purpose complexes are the four pillars of its master strategy for expansion.

At the current fiscal year, RLDA has leased out eleven properties for a total of Rs 735 crore. These properties are located in Liluah (Howrah), Nizamabad (Telangana), Waltax Road (Chennai), Egmore (Chennai), Bhopal (Madhya Pradesh), Ludhiana (Punjab), Abu Road (Rajasthan), Bhusawal (Maharashtra In addition, the Bhopal, Egmore (Chennai), Bareilly, and Ludhiana railway colonies would each get investment to improve railway assets with a value of around Rs 163 Crore.