RLDA to Lease Yeshwantpur Land for Residential Project
Representative AI image BENGALURU: To bolster its revenue, the Rail Land Development Authority (RLDA) plans to lease 34,517 sqm of railway land in the Yeshwantpur railway colony. According to the RLDA’s request for proposal, a 99-year lease is set for residential development, which involves constructing apartments. The selected developer will also oversee the redevelopment of the railway colony, part of the Bengaluru division of South Western Railway (SWR), which currently houses 316 employee quarters. The project, estimated at Rs 119 crore, will have the revenue generated from residential properties shared between the developer and RLDA. “Both railway quarters and private…