The objective of the redevelopment is to enhance the living quotient and boost real estate prospects in the vicinity. The consultant will be mandated to study the site, prepare Master Plan as per existing building by-laws, road layout preparation to utilise maximum FAR/ FSI in the plot, its approval from local authorities and obtain the necessary approval.
The colony spans 21,300 sq metre and falls under the Chhatrapati Shivaji Terminal Railway Station, Mumbai.
The consultant will be selected through a single-stage, single packets bid system. It will be mandated to seek approval of the layout plan from the local development authority with the planning of development of the project on the land use, as decided by RLDA, including the updating of revenue records, the title of the railway land from the revenue authorities or the local bodies.
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 of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
Indian Railways has approximately 43,000 hectares of vacant land across India. RLDA is currently handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.