Work Description - Grant Of Lease For Commercial Development Of Vacant Land Parcel Of 7795.31 Sqm Located North Of The Railway Station Adjacent To Ranganayakulapeta Road, Near The Level Crossing Along Kovvur-nellore Road Nh-67 At Nellore For 45 Years

The Rail Land Development Authority, a Central Government Ministry, invites bids for the long-term lease and commercial development of a prime land parcel. The site encompasses 7795.31 square meters of vacant land strategically situated north of the railway station in Nellore. This highly accessible location is adjacent to Ranganayakulapeta Road, near the Level crossing along the Kovvur-Nellore Road NH-67. Offered for a 45-year lease, this opportunity allows for diverse commercial development. Interested parties can download tender documents from August 20th, 2024, until September 20th, 2024, with bids accepted from August 20th, 2024. The bid opening is scheduled for September 20th, 2024. A tender fee of INR 29,500 and an Earnest Money Deposit (EMD) of INR 3,500,000 are applicable. This open tender presents a significant opportunity for developers to contribute to Nellore's commercial landscape.