The Rail Land Development Authority (RLDA) is planning to lease a land parcel in Chennai and will soon float expression of interest (EoI)/ request for proposal (RfP).
The land parcel spans across 19.43 ha in the industrial area of Tuirvottiyur, Tamil Nadu. The site is located on the junction of Basin Ennore Road and Thiruvottiyur-Manali-Poorur High Road and is an old property of Southern Railway.
The site has the potential to be developed as multi-storey group housing, local shopping, banquets, warehousing and other permissible use under Master Plan.
The 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.
Approximately 10 ha of the railway land is proposed for residential development and the remaining 9.43 ha is slated to be developed as a logistics park or a mega warehousing development.
The reserve price of the land is yet to be fixed.