Railway body invites bids to develop 2 land parcels in Katra
Jammu, August 21
The Rail Land Development Authority (RLDA) has invited bids for the commercial development of two land parcels near the Shri Mata Vaishno Devi Katra Railway Station.
The total land area to be leased consists of two land parcels. Parcel A’s approximate area is 7521.45 sq.m and has a reserve price of Rs 17.35 crore. Parcel B’s approximate area is 7831.23 sq.m and has a reserve price of Rs 18.49 crore. The land for both parcels will be leased for 60 years.
“Sites strategically located near the railway station are ideal for commercial development, including hotels, shopping complexes and marriage halls. These developments can significantly boost the local economy, create employment opportunities, and cater to the large influx of tourists visiting the Shri Mata Vaishno Devi shrine. With over 95 lakh pilgrims visiting the shrine in 2023 and numbers expected to rise, the demand for such commercial facilities is set to grow even further,” the statement read.
RLDA is a statutory authority under the Ministry of Railways for the development of railway land. It has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
