The Rail Land Development Authority (RLDA) has unveiled a lucrative investment opportunity in the heart of Andhra Pradesh. The statutory body has invited bids for a prime land parcel spanning 5,532 square meters near Renigunta Junction Railway Station in Tirupati.
Located strategically alongside the Chennai-Anantapur Highway (NH-716), the land parcel offers immense potential for commercial development. With a reserve price of INR 6.77 crores, the site is being offered on a 45-year lease. The proposed built-up area of 7,502 square meters provides ample space for various commercial ventures, including retail shopping complexes or hospitality establishments. The land’s proximity to key arterial roads like Tirupati Airport Road and Kanigiri Tirupati Road (NH-565) further enhances its appeal. Renigunta Railway Station, a major transit hub for devotees visiting the revered Tirupati Temple, ensures a steady influx of visitors, making the site an ideal location for commercial ventures.
Renigunta Junction serves as a crucial railway interchange, connecting Tirupati to other major cities in the region. This connectivity not only supports substantial passenger traffic but also bolsters the land parcel’s commercial viability. Moreover, the ongoing INR 355 crore redevelopment project at Tirupati Railway Station underscores the region’s infrastructure development efforts, further enhancing the potential for commercial real estate development in adjacent areas.
The RLDA’s initiative aligns with its broader goal of optimizing underutilized railway land assets across the country. By leasing out this prime land parcel, the authority aims to foster economic growth, create employment opportunities, and enhance passenger amenities. Investors and developers seeking to capitalize on the burgeoning economic opportunities in Tirupati are encouraged to participate in the bidding process. The lease of this land parcel presents a strategic investment opportunity amidst a backdrop of growing regional connectivity and infrastructure development.