RLDA invites bids lo lease out 2 plots in Jammu

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The Railway Land Development Authority (RLDA) has invited bids for leasing out its two plots at Katra in Jammu and Kashmir with reserve price of over Rs 14 crore each.

RLDA has invited RFP ( Request for Proposal) to lease two plots at Katra for commercial development.

The combined plot is spread across 15,352 sqmetre and is located near Shri Mata Vaishno Devi Katra railway station. The plot is proposed to be leased out in two parts with a reserve price of Rs 14.18 crore and Rs 14.97 crore, RLDA said in a statement.

“Nestled in the hills, this scenic property can be developed as a destination wedding farmhouse or a 3 or 5 star hotel. The region is a prominent tourist destination. Hence it will offer a good return on investment to real estate developers,” said VedPrakashDudeja, Vice- Chairman, RLDA.