Rail land authority invites bids for developing 4 land parcels in Chennai February 11, 2021 The unlocking of value of real estate assets, especially in the office segment, will provide growth capital for the sector The unlocking of value of real estate assets, especially in the office segment, will provide growth capital for the sector× The Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways responsible for developing Railway land, has invited online bids for leasing four land parcels cumulatively spanning 7.36 acres in Chennai. Two of the land parcels of 2.5 acres each are in the Ayanavaram Railway Colony, along Konnur High Road and Duncan Road. Two other land parcels are located at Walltax Road (0.27 acres) and at Pulianthope (2.09 acres). The parcels shall be leased out for 45 years.