Rail authority to invite bids for leasing land parcel in city

The Rail Land Development Authority is planning to lease a land parcel in Chennai and will invite expression of interest or request for proposal soon. The parcel spans across 19.43 hectares in the industrial area of Tuirvottiyur.

The site, an old property of Southern Railway, is located on the junction of Basin Ennore Road and Thiruvottiyur-Manali-Poorur High Road.

“The site has the potential to be developed as multi-storied group housing, local shopping, banquets, warehousing and other permissible use under Master Plan. This project can come up as a model mixed-use development with some portion of retail. This area can be developed as affordable housing/EWS housing and a part of it can be utilised for logistics development,” said Ved Prakash Dudeja, Vice-Chairman, Rail Land Development Authority.

He added approximately 10 hectares of this railway land is proposed for residential development and the remaining 9.43 hectares is slated to be developed as a logistic park or a mega warehousing development. The reserve price of the land is yet to be fixed. The valuation of this site as per government rules are in progress.

In addition to being in close proximity to a railway station, the area is rapidly developing as a hub for SMEs and MSMEs. While a segment of the land can be used as warehousing facilities, the remaining space can be developed into an economical housing zone.

“It will be a good proposition for e-commerce firms setting-up of warehouses in the Metropolitan City of Chennai,” Ved Prakash Dudeja, Vice-Chairman, Rail Land Development Authority said.