The Rail Land Development Authority (RLDA) has invited bids for the lease of railway land at Kailash Puram along National Highway (NH)-16 in Visakhapatnam, Andhra Pradesh. The project entails a mixed-use development with 60% dedicated to residential and 40% to commercial purposes.
RLDA will offer a 99-year lease on an anticipated 4.71 Acres (19,061 SqM) plot with an estimated reserve price of INR 170 Crore. Moreover, the total built-up area (BUA) available for development is approximately 91,403.31 SqM. Strategically positioned, this land parcel is next to the Andhra Pradesh Micro Irrigation Project District Office.
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The land has excellent development potential here, given its closeness to residential areas and educational institutions. Additionally, its proximity to the proposed Visakhapatnam Metro Rail Project’s Steel Plant Junction to the Kommadi Corridor on NH-16 promises superb connectivity to other parts of the city. This prime location is envisioned by RLDA Visakhapatnam as fostering a vibrant, well-connected community.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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