Visakhapatnam Railway Land 99-Year Lease for Mixed-Use Commercial and Residential Development

Work Description - Grant Of Lease For Commercial Development With 80 Percent Residential And 20 Percent Commercial Of Approximately 0.45 Acre Of Railway Land Near Kendriya Vidyalaya School, Thatichetlapalem, Visakhapatnam Of Waltair Division Of East Coast Railway For 99 Years Lease Period

The Rail Land Development Authority, a Central Government Ministry/Department, invites proposals for a compelling opportunity involving the grant of a long-term lease. This tender seeks experienced developers for the commercial development of approximately 0.45 acres of strategically located Railway land near Kendriya Vidyalaya School, Thatichetlapalem, Visakhapatnam, within the Waltair Division of East Coast Railway. The proposed development mandates an 80% residential and 20% commercial allocation, with a substantial lease period of 99 years. Interested parties are required to submit a Tender Fee of INR 29,500 and an Earnest Money Deposit (EMD) of INR 3,500,000. The bid submission period commences on 20-Jul-2026 at 06:01 PM and concludes on 25-Aug-2026 at 03:00 PM, with bids scheduled for opening on the same day, 25-Aug-2026, at 03:30 PM. This open/advertised tender, identified by Reference Number RLDA/2026/RFP/CD/50 of 2026, presents a significant investment prospect in a prime location.