The Rail Land Development Authority (RLDA) has invited a Request for Proposal (RFP) for leasing a land parcel at East Tambaram, Chennai.
“Being well-connected to the railway station, bus stand and airport, the site has immense potential for institutional development. The planned development on the site will boost infrastructure escalating prices of real estate projects in the vicinity,” said Ved Parkash Dudeja, Vice Chairman.
The requested land parcel is located along Bharathamadha Street, near Tambaram Sanatorium Flyover which spreads around 3719 square meters which estimates the Reserve price of 8 Crore INR.
But since the site is accessible from Madras Export Processing Zone and is on the Sanatorium Bridge and Bharathamadha Street developers based in Chennai and nearby metros were seen to be interested in the online pre – bid meeting which was conducted last week.
The lessee will be mandated to provide buildings and building services, civic amenities, vehicle parking for users and visitors on surface and basements, internal security, roads and internal circulation network, and landscaping on the site.