New Delhi [India] August 21 (ANI): Rail Land Development Authority (RLDA) on Wednesday invited bids for the commercial development of two land parcels near Shri Mata Vaishno Devi Katra Railway Station, under the Firozpur Division of Northern Railway in Jammu & Kashmir.
As per the official statement of RLDA, the total land area to be leased consists of two land parcels. Parcel A’s approximate area is 7521.45 Sqm and has a reserve price of 17.35 crore. Parcel B’s approximate area is – 7831.23 Sqm and has a reserve price of 18.49 crore. The land for both parcels will be leased for 60 years.
RLDA further stated that both land parcels (A & B) are bounded by the Station road in the north. On the east, land parcel A is bounded by the station road followed by Railway buildings while land parcel B is bounded by Land parcel A. On the south, both land parcels are bounded by the Railway Yard. In the West land parcel A is bounded by land parcel B, while land parcel B is bound by vacant railway land followed by a drain.
Sites strategically located near the railway station are ideal for commercial development, including hotels, shopping complexes, and marriage halls. These developments can significantly boost the local economy, create employment opportunities, and cater to the large influx of tourists visiting the Shri Mata Vaishno Devi Shrine. With over 95 lakh pilgrims visiting the shrine in 2023 and numbers expected to rise, the demand for such commercial facilities is set to grow even further.
It is notable that Rail Land Development Authority (RLDA) has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes. (ANI)
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