The site has a Floor Space Index of 1.8 and reserve price for the auction of 4969 sq.m., land is Rs 9.70 crore.
The site is located on the 30-meter broad Bhavnagar-Rajkot highway which has become part of Suburban contextual around Bhavnagar. It is bound by shops on Rajkot Road in the north, a railway hospital in the east, and residential properties in the south and the west.
“Bhavnagar is a historical city known for its exquisite architecture and international trade. It has witnessed rapid urbanisation in the recent past and has emerged as a prominent education hub. The planned development on the site will provide a fillip to real estate growth, enhance tourism prospects, and boost the local economy. As government is stressing more for the health sector, the site can also be used for a Multi-Specialty Hospital,” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA.
The lessee will be mandated to carry out the development as per local building byelaws. The selected bidder will be required to procure all necessary clearances for the development.
Bhavnagar is situated 198 Km away from Gandhinagar, Gujarat’s capital. It is a historic port city and was a prominent trading hub in the 18th century. It was founded by Bhavsinhji Gohil, the rulers of Sihor, in 1723 AD at the time of persistent Maratha raids of the States of Saurashtra. The Present-day Bhavnagar owes much to the vision of the past ruler Sir Takhtsinhji Gohil (1869-96 AD).
Rail Land Development Authority (RLDA) is a statutory authority under the Ministry of Railways for the development of Railway land and assets. It has four key mandates as a part of its development plan, namely leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
Indian Railways has approximately 43,000 hectares of vacant land across India. RLDA is currently handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment. RLDA has over 84 commercial (greenfield) sites across India for leasing, and the eligible developers for each will be selected through an open and transparent bid process.