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Rail Land Development Authority (RLDA) has invited bids for leasing out 124,000 sq m of a railway land parcel situated in Sector 21, Dwarka, Delhi, for a period of 99 years. The reserve price for the land parcel is set at Rs 11.93 billion, for mixed use (55 per cent residential and 45 per cent commercial) on combined plot MU4+MU5+MU6 railway land parcel. The last date of e-bid submission is February 6, 2023. The land parcel is located near IGI airport in the south west of New Delhi. The site has clear frontage on two sides and is accessible from main Sector-22 Road on the western side and the Urban Extension Road on the southern side. The area is bounded on the north by Dwarka Sector 21 Metro Station and Pacific D21 Mall, on the east by proposed Bijwasan Railway Station, and on the west by proposed ISBT at Dwarka. Ved Parkash Dudeja, Vice Chairman, RLDA said, “The land parcel located near Bijwasan is an ideal location for residential development in the heart of the national capital. The city has always been the most sought-after residential destination for homebuyers; however, in recent decades, the market has been dominated by individual dwellings ranging from bungalows to independent floors. A new railway passenger terminal is being developed adjacent to this land parcel, which will attract huge footfall in the area. The proposed land parcel will provide developers with a one-of-a-kind opportunity to build a residential or commercial project to meet the rising demand for premium real estate property in New Delhi.�