Work Description - Grant Of Lease For Mixed Development With 80 Residential And 20 Commercial Retails Of Approx. 0.45 Acre Of Railway Land Near Kendriya Vidyalaya School, Tatichetlapalem, Visakhapatnam Of Waltair Division /east Coast Railway, For 99 Years Lease Period

The Rail Land Development Authority (RLDA) invites bids for the grant of a 99-year lease for mixed development on approximately 0.45 acres of railway land near Kendriya Vidyalaya School, Tatichetlapalem, Visakhapatnam. The proposed development comprises 80 residential units and 20 commercial retail spaces. The tender, titled "Grant of Lease for comm and res dev near Kendriya Vidyalaya School Tatichetlapalem Visakhapatnam," is open to all eligible bidders. The tender documents are available for download from September 24th, 2024, at 6:00 PM, with a deadline of October 30th, 2024, at 2:00 PM. Bids must be submitted by 3:00 PM on October 30th, 2024, and will be opened at 3:30 PM the same day. The tender fee is INR 29,500, and the earnest money deposit (EMD) is INR 3,500,000. This tender represents a unique opportunity to develop a valuable mixed-use property in a prime location.