NEW DELHI (Metro Rail News): The Rail Land Development Authority (RLDA) of Indian Railways has invited bids to lease a 2128 sqm vacant plot at Kota Junction, Rajasthan. The land is located near Platform number 1 in the Kota Division of the West Central Railways. The lease period is for 45 years, with a reserved price of Rs. 8.20 crore.
On June 16, 2023, a pre-bid meeting was held online, which saw the participation of several local and national-level developers who showed their interest in the project. August 1, 2023, has been set as the deadline for the submission of e-bids.
Accessing the land from the Circulating area of Kota Railway Station is convenient, as the area currently has a width of 18 meters and is planned to be widened to 22 meters The land is bordered to the north by the Railway Colony, to the east by Kota Junction, to the south by the Circulation Area of Kota Junction, and to the west by the commercial and residential area of Bhimganj Mandi.
This land has great economic potential and is expected to undergo significant commercial development in the near future. It is a focal point for trade and commerce and has excellent connectivity with all regions of Kota. The area also offers extensive local public transport facilities, making it an attractive investment opportunity for developers.
Furthermore, being part of the RLDA integrated ecosystem, developers will be able to benefit from the commercial growth in the region. The Vice Chairman of RLDA, Ved Parkash Dudeja, mentioned that Kota is a commercial hub with diverse demographics. Every year, the city attracts numerous engineering and medical college aspirants from all over the country.
The commercial development of the land will make it more convenient for students and their families to pursue their dreams. Additionally, as Kota and its surroundings are developed, tourism in the region is expected to flourish as more people visit to experience the rich cultural heritage of the city.
