NEW DELHI: Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the residential development of a railway land parcel near Punjabi Bagh (West) under the Delhi Division of Northern Railway.
The land parcel covers 46,313.4 sqm (4.63 Ha) and has a reserve price of Rs 1,100 crore, according to an RLDA statement. The parcel will be leased for 99 years, with a maximum permissible Floor Area Ratio (FAR) of 200 on the gross area.
The reserve price for bidding is set at 1,100 crore, and the deadline for e-bid submission is Nov 22. A senior Delhi govt official said, “The site is bounded to the north by Shakurbasti railway station, to the east by vacant railway land, to the south by NH-9 (Rohtak Road), and to the west by additional railway vacant land and a parking area.”
RLDA highlighted the site’s excellent connectivity, noting its prominent frontage along Old Rohtak Road (NH 9) and accessibility via Ring Road. “It is accessible via Ring Road, further enhancing its strategic position. The site is located within close proximity to key metro stations, ensuring easy accessibility,” he said.
The location is just 350 m from Madipur metro station and 800 m from Shivaji Park metro station, offering good public transport links. The site falls within the Municipal Corporation of Delhi’s jurisdiction.
“It is part of the Delhi suburban railway network and offers significant potential for both commercial and residential development due to its advantageous frontage and accessibility,” the official added.
