Rail Land Development Authority Offers Prime Plot in Mahalaxmi, Mumbai for Redevelopment
The Indian Railways' nodal agency, Rail Land Development Authority (RLDA), has invited bids for a 10,000+ sq. meter plot in Mahalaxmi, Mumbai, with a reserve price of INR 805 crore, offering a lucrative opportunity for developers to create premium project
Rail Land Development AuthorityMumbaiMahalaxmiIndian RailwaysTransitoriented DevelopmentReal Estate MumbaiOct 01, 2024
Mahalaxmi, known for its vibrant atmosphere, excellent connectivity, and upscale neighborhoods, offers an attractive proposition for developers looking to create high-end projects. The area is well-connected to major parts of the city, including the airport, and boasts of prominent landmarks, including the Mahalaxmi Temple and the Haji Ali Dargah. The RLDA, responsible for the redevelopment of railway land, has been actively promoting the concept of 'Transit-Oriented Development' (TOD), focusing on the creation of compact, walkable, and mixed-use developments around railway stations. By offering this prime plot for redevelopment, the RLDA aims to unlock the potential of the area, fostering a more sustainable and efficient use of urban space.
Information Rail Land Development Authority (RLDA) is a statutory authority under the Indian Railways, responsible for the redevelopment of railway land. The RLDA's primary objective is to generate revenue through the commercial development of railway land, promoting the concept of Transit-Oriented Development (TOD). With a focus on creating compact, walkable, and mixed-use developments around railway stations, the RLDA aims to contribute to the growth of sustainable and efficient urban spaces.
Rail Land Development Authority (RLDA) is a statutory authority under the Indian Railways, established to promote the redevelopment of railway land. With a focus on Transit-Oriented Development (TOD), the RLDA aims to create compact, walkable, and mixed-use developments around railway stations, contributing to the growth of sustainable and efficient urban spaces.
Frequently Asked Questions
What is the reserve price for the plot in Mahalaxmi, Mumbai?
The reserve price for the plot is INR 805 crore.
What is the approximate area of the plot?
The plot measures over 10,000 sq. meters.
What is the primary objective of the Rail Land Development Authority (RLDA)?
The primary objective of the RLDA is to generate revenue through the commercial development of railway land, promoting the concept of Transit-Oriented Development (TOD).
What is Transit-Oriented Development (TOD)?
TOD is a concept that focuses on creating compact, walkable, and mixed-use developments around railway stations, promoting a more sustainable and efficient use of urban space.
Why is Mahalaxmi, Mumbai a sought-after location?
Mahalaxmi is a vibrant area with excellent connectivity, upscale neighborhoods, and prominent landmarks, making it an attractive proposition for developers looking to create high-end projects.
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