The Rail Land Development Authority (RLDA) will lease out around five acre of railway land parcel in Kannur, Kerala for commercial development.
The authority has invited bids for leasing 4.93 acre of railway land for 45 years.
The reserve price for the land parcel is Rs 22.6 crore and the developers shall get rights to develop commercial infrastructure as per their plan and will also be entrusted with redevelopment of the existing railway colony at a separate site made available by the railways.
The deadline for submitting bids is 7 November 2022.
